Estate Planning: Charitable Donations
How the power of estate philanthropy can help ensure your support of men’s mental health and suicide prevention continues into the future.
How the power of estate philanthropy can help ensure your support of men’s mental health and suicide prevention continues into the future.
We are the ones living with our feelings and thoughts and only we can decide to face ourselves with more acceptance, compassion, and fairness.
Philanthropy is about making a lasting impact that extends beyond our lifetimes. Leaving a charitable legacy ensures that our support for worthy causes continues, reflecting our values and generosity even after we’re gone.
Including charitable bequests in your financial plans allows you to continue your support of HeadsUpGuys, a vital resource for men’s mental health. By integrating charitable giving into your estate plan, you provide essential financial resources to our cause, ensuring we can continue our mission and make a lasting impact.
HeadsUpGuys is a program of the Department of Psychiatry at The University of British Columbia (UBC). We operate entirely based on donations from our supporters.
More information on How your donation supports HeadsUpGuys.
Leaving a charitable legacy offers several key advantages:
Notable legacies are often built upon the foundation of careful planning, ensuring that family names endure and their impact continues even a century after their passing. The Rockefeller family, for instance, has left an indelible mark with their long-standing tradition of philanthropy.
Their establishment of institutions like the Rockefeller Foundation and their significant contributions to various fields have created a legacy that continues to inspire and shape the world long after their deaths.
Your ongoing support of HeadsUpGuys will allow us to continue to develop new features and reach even more men in need – providing them with a life changing and, in many cases, a life saving resource.
Estate philanthropy, when structured thoughtfully, unlocks valuable tax advantages. By making regular contributions to an estate maximization contract, you can receive charitable tax credits. Here’s how this strategy works:
Designating charitable bequests utilizing non-Will based planning offers individuals the following benefits: privacy and probate avoidance:
Consider the scenario where Mrs. Smith, a 65-year-old individual, intends to leave a charitable bequest of $100,000 to a charity of her choice. She has three primary options to contemplate:
Mrs. Smith’s scenario highlights the importance of careful planning to achieve multiple goals and showcases how strategic philanthropy can enhance one’s legacy.
Estate philanthropy is a powerful tool for individuals who want to make a lasting impact on the world while also caring for their loved ones. By incorporating charitable bequests into your financial plans, you can support HeadsUpGuys, enjoy tax benefits, and leave behind a legacy that reflects your values and generosity.
With proper financial planning, you can enhance your legacy, making a meaningful difference both during your lifetime and long after. Consult with qualified professionals to tailor a plan that aligns with your charitable aspirations and financial objectives.
Please reach out to us at [email protected] for more information on estate planning and leaving behind a living legacy.