Charitable annuity
Convert your capital into income while helping the most disadvantaged!
If you want to make an important contribution to a cause that’s close to your heart and you also need a stable income, a life annuity is a great way to give a generous and rewarding gift while you are alive.
A life annuity enables you to support Mission inclusion (the new name of the Jules and Paul-Émile Léger Foundation) while providing yourself with stable income for life that is shielded from fluctuations in the financial markets. It has the added advantage of being tax efficient.
Our annuity rates are highly competitive, with income levels that vary according to your age and the amount of the annuity.
Convert your capital into income while helping the most disadvantaged!
If you want to make an important contribution to a cause that’s close to your heart and you also need a stable income, a life annuity is a great way to give a generous and rewarding gift while you are alive.
A life annuity enables you to support Mission inclusion (the new name of the Jules and Paul-Émile Léger Foundation) while providing yourself with stable income for life that is shielded from fluctuations in the financial markets. It has the added advantage of being tax efficient.
Our annuity rates are highly competitive, with income levels that vary according to your age and the amount of the annuity.
ADVANTAGES
You get a competitive rate, which will remain permanently fixed upon signing the contract. In the year of the donation, you will receive a tax receipt of at least 20% of the transferred capital. Your annuity income will be virtually tax free. You will have the peace of mind of having stabilized your income while improving the living conditions of the most deprived. Upon your death, the residual amount in your pension will go directly to the Mission inclusion field(s) of action that you have chosen to support.DISCOVER THE RATE AVAILABLE TO YOU
Here is a demonstration of the benefits of a charitable life annuity:
Mr. Labonté inherited $50,000. He chose to take out a charitable life annuity for this amount with Mission inclusion.
Given his age on September 1, 2021 – 77 years old – and the sum, the rate offered is 7.2%. He will thus receive an annual tax-free income of $3,600 ($300 per month). Mr. Labonté chooses to have his annuity paid on the 15th of each month and the money is deposited directly into his account.
Furthermore, the annuity entitles him to a $10,000 tax receipt upon purchase, since 20% of the capital transferred is considered a donation. Mr. Labonté has always been concerned about the homeless, so he requests that his donation be allocated to projects in this field of action.
Our distinction
Mission inclusion has managed its own life annuity fund for over 40 years with the help of a committee of volunteers who are remarkably successful in this financial field. We are proud of this distinction whereby 100% of your capital and the interest it generates remains in the hands of our organization rather than those of a financial institution and is directly invested in the projects you support.
For more information
Sarah Kreplin
Senior Development Advisor, Planned Giving
514 495-2409 ext. 139
sarah.kreplin@missioninclusion.ca
Stay informed about our news
Subscribe to our monthly newsletter
Mission inclusion is a trademark of the
Jules and Paul-Émile Léger Foundation
Jules and Paul-Émile Léger Foundation
© 2019-2022 The Léger Foundation. All rights reserved.
Charity number : 118923689 RR 0001