Legacy and Planned Gifts

Your gift of securities will make an immediate impact for the animals in our care. By donating publicly traded securities, you eliminate the capital gains tax that you’d have to pay if you sold the securities and then donated the proceeds. You’ll also receive a charitable tax receipt for your donation. You can give now, or as part of your estate and will planning process.

Your Advisor can transfer your securities by completing the transfer form. Please let us know the transfer is in process so we can facilitate as well as express our gratitude for your gift.

A donor advised fund held at a community foundation or banking institution may be an attractive alternative as you can have your own “foundation” without the administrative burden or large investment of a private foundation. You can name your fund in honour of your family’s philanthropic interests and choose annually where your gift will be directed. To learn more please contact your Advisor or Lisa Ashby.

Life insurance is another great way to support OMHS, there is a minimal investment up front.  You may not be able to make a significant gift now but it is a great way to leverage tax benefits to make a larger gift than you ever thought possible for the future animals needing our support.

You might be in one of these situations where life insurance might work for you:

• Do you have an existing policy that you no longer need? Consider making Oakville & Milton Humane Society the beneficiary of the policy for tax savings in your Estate.
• You can transfer the ownership to OMHS. You will get income tax receipts for the remaining premium payments.
• Have a paid up policy? You can donate it and possibly get a larger income tax receipt to use right now.
• Purchase a new policy and make OMHS the owner and beneficiary and receive a tax receipt for your premium payments.  The income tax refund you get will make the premiums cost much less.
• Simply designate OMHS as a beneficiary of your policy.

Working with a life insurance broker can help you assess what policy is right for you taking into consideration your age, gender and general health.  Each option has different tax consequences and may make sense at different stages of life.

Gifts of RSP/RRIF

At the time of your death your RRSP and RRIF are considered as income and taxed quite heavily. By designating OMHS as a beneficiary of your retirement funds you will receive a charitable tax receipt to offset any taxes owed. The gift would go directly to charity without being taxed or even needing to go through probate.

Gift of real-estate

You may wish to leave us a particular item, which can be sold to support our work to protect and care for animals. It could be property or an item of value, such as an antique or jewelry.