As the New Year begins, many of us reflect on the resolutions we want to make—goals that align with our values and the kind of impact we hope to have on the world. This year, consider a resolution that reaches far beyond the months ahead: leaving a legacy for vulnerable seniors in our community through a legacy gift to the Mount Newton Centre Society.
A legacy gift is a meaningful way to ensure that your compassion and care continue to make a difference for years to come. By including our charitable organization in your will or estate plans, you help provide stability, dignity, and essential support to seniors who may be facing isolation, health challenges, or dementia. It is a powerful statement that says: our elders matter, and their wellbeing is worth protecting.
For many seniors, access to medical equipment, nutritious food, social connection, and the ability to remain independent in their own homes can be life changing. Legacy gifts help sustain these vital services, allowing us to plan for the future, respond to growing needs, and continue offering programs that enhance quality of life right here on the Saanich Peninsula. Even a modest gift can have a lasting impact when combined with the generosity of others who share the same vision.
Making a legacy gift is not just about finances—it is about values. It reflects a commitment to community, gratitude for the lives we’ve built, and a desire to give back in a lasting way. As you set your New Year’s resolutions, please consider one that endures: creating a legacy of care, compassion, and hope for vulnerable seniors in our community by including the Mount Newton Centre Society in your plans. It is a resolution that truly stands the test of time.
Leaving a Legacy Gift can take the form of cash, securities, a percentage of your estate, life insurance, or other assets:
- Life Insurance provides a way to make a gift to the Mount Newton Centre Society without affecting your estate.
- Endowment Funds allow you to provide a steady and dependable source of income to the Mount Newton Centre Society.
- Real Estate allows you to improve liquidity by eliminating expenses normally associated with property ownership and receive an income tax deduction based on the fair market value of the property.
- RRSPs, RRIFs, and Tax Free Savings Accounts allow you to name the Mount Newton Centre Society as the beneficiary of all or part of these investments.
- Charitable Remainder Trusts involve making an irrevocable gift to the Mount Newton Centre Society, while retaining the income interest for your life and/or other beneficiaries.
- A Tax Eliminator Clause can be used in your will, or included in a codicil modifying your will, instructing your executor to give a gift to the Mount Newton Centre Society.
When you consider leaving a legacy or planned gift, we recommend you have a conversation with your legal, investment or financial advisor.
