Estate Donations

Total 88 Posts

Time Matters in Philanthropy

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SickKids Foundation’s year-end giving campaign has generated a lot of attention for its gripping “Vs” spots. Skillfully edited, the ad borrows fight, hip-hop and adventure movie imagery to dramatize the plight of the hospital’s young patients.  This campaign is highly effective and a great example of visceral, urgent annual fundraising.  Raw emotion has a place in charitable giving, but it doesn’t serve large “exceptional” donations at tax year-end and in….

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Estate Donations, Philanthropy/Charitable Giving

Must an estate pay for a charitable pledge by the deceased?

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Canadians are charitable people. According to Statistics Canada, 82% of Canadians made a financial donation to a charitable or non-profit organization in 2013 (the latest year statistics are available). The amount given by donors increased from an annual average of $469 in 2004 to $531 in 2013. The most generous donors are those age 75 and over – indeed, every older age category was more generous than the previous one…..

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Charitable Giving, Estate Donations, Estate Litigation

Combination Gift Plans

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Combining estate plans and lifetime financial plans can be challenging, especially for individuals who have dedicated a significant portion of their estate to charity, for example 50% or more.  Wills are often drafted independently of lifetime financial plans.  The drafting lawyer may not ask the question “is it prudent and advantageous to start giving major gift during life?”.  In certain situations, there are significant tax and philanthropic benefits to start….

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Estate Donations, Estate Planning, Philanthropy/Charitable Giving

Estate Donations of Art

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Fine art is an asset class that has been growing in importance among the affluent and is beginning to be a significant part of certain estate plans.   One estimate pegged the international art market at €51 billion in 2014, and Canada has seen record prices at auction.   Many collectors are contemplating donating their art at death, but the process has its challenges. The top-of-mind recipients of art are galleries and….

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Charitable Giving, Estate Donations, Estate Planning, Philanthropy/Charitable Giving
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