A charitable remainder trust is a way to make a secure future gift to the Canadian Diabetes Association while retaining the investment income from the gift during your lifetime.

If you have decided that you would like to give a substantial asset to support the Canadian Diabetes Association but need the income that the asset generates, a charitable remainder trust has many benefits.

Benefits

  • You can have the satisfaction of making an investment in the important work of the CDA now, but still retain the income earned from your investment.
  • You will receive a tax credit to use immediately, or carry forward for up to five years.
  • Your gift now can reduce the amount of probate and other expenses to your estate.

How it works

  1. You make a gift to the CDA.
  2. You receive an immediate tax credit when the Trust is established based on your age and the amount you contribute to the Trust. The older you are, the higher the credit.
  3. The assets in the Trust generate revenue through professionally managed investment in publicly traded securities and mutual funds.
  4. During your lifetime, you continue to receive the annual income that is earned on the Trust. You will be responsible for any tax that is payable on this income.
  5. The original capital that you donate stays in the Trust for the CDA and cannot be used until you have passed away.

For more information, please contact: Ericka Tovey, Director, Donor Marketing & Relations, 1-800-BANTING (226-8464) x7040 or planned.giving@diabetes.ca.

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