There are many WAYS TO GIVE.

There are several ways to donate a new or existing life insurance policy to the Foundation that create significant tax benefits. One option is to make the Foundation the owner and beneficiary of the policy. For paid-up policies, an immediate tax receipt is issued for the fair market value of the policy. For non-paid-up and new policies, the annual premium amount continues to be paid by the donor and a charitable donation is created each year.

Another option is for the donor to retain the policy’s ownership, and the Foundation is named as the beneficiary. Insurance proceeds will be paid directly to the Foundation and a charitable deduction for the full amount can be used to reduce personal taxes in the year of death and the year prior. Alternatively, the deduction can be used on the estate tax return. These options ensure that heirs receive maximum value from estate assets and, at the same time, a meaningful gift is created that will make a lasting difference to the community.

You have the option to name the AMGH Foundation as the direct or contingency beneficiary of an RRSP or RRIF.

The AMHG Foundation welcomes the opportunity to work with donors to establish and manage endowments. For more information, please contact the Foundation directly at 519-524-8508 or send email to amgh.foundation@amgh.ca.

A donation of securities (stocks, mutual funds, bonds, GICs) or mutual fund shares is the most efficient way to give charitably. When you sell your shares for cash, you are responsible for the tax due on any realized capital gain, even if you plan to donate the proceeds from the sale. However, when you donate your securities directly to the AMGH Foundation, those gains may not be subject to tax. This means your charity receives a larger gift, and you’ll benefit from a tax receipt for the full market value of your eligible securities or mutual funds (at the time they are received). For more information, please refer to the Canada Revenue Agency website.