Forever Fund

The Endowment Fund of the United Way of Central N.B.

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The FOREVER FUND is the Endowment Fund of the United Way Central N.B., established to assist the United Way in serving citizens of Fredericton and surrounding area now and in the future. Your gift to the FOREVER FUND will help the United Way address immediate needs and sustain long term projects, helping children, youths and families reach their full potential. By contributing to the Forever Fund, your contribution to the community will last forever.

There are many ways you can contribute, all providing significant tax credits.

Gifts of Cash – This is the simplest and most common gift. A tax receipt for the full amount is provided.

Gifts of Capital Property – This can be an outright gift of property, real estate for example, or a gift of residual interest. For instance, you may wish to transfer your residence to the FOREVER FUND now but keep the right to continue to use it for your lifetime. A tax receipt is issued for the value in today’s dollars.

Gifts of Certified Cultural Property – Certified cultural property is Canadian fine art and other cultural property, such as paintings by a noted Canadian artist, military objects, archival material, musical instruments etc., which has been appraised by the Cultural Export Property Review Board to determine fair market value.

Will Bequests – Your will bequest to the FOREVER FUND can create a lasting legacy perpetuating your tradition of giving to the United Way. Gifts can be stipulated in your will either as a specific amount or as a certain percentage of your remaining estate. Your estate receives a tax credit for the value of your gift.

Gifts of Life Insurance – Life insurance is a way to make a significant gift at an affordable cost without reducing estate assets for family and friends. Several options are available, involving new or existing insurance policies. In all instances, tax donation receipts are available. For example, naming the FOREVER FUND as the owner and beneficiary of either a new or existing policy entitles you to a current donation receipt for the cash surrender value (if any) and any further payment of subsequent premiums. An alternative is to simply name the FOREVER FUND as beneficiary. In this way, your estate receives a donation receipt when the policy proceeds are received.

Gifts of Securities – When shares of publicly listed securities….including bonds and mutual funds are donated to a registered charity, all capital gains are eliminated. In addition, you receive a donation receipt for the full value of the securities based on the market value at the time the securities are delivered to the charity.

Charitable Remainder – Trusts Assets are transferred into an irrevocable trust, and a trustee is appointed by you to manage them. If you wish, you can continue to enjoy the income for your lifetime or a specific duration. As soon as the trust is established, you receive an immediate tax credit for the donation. The donation receipt represents the present value of the FOREVER FUND interest in the trust to be received at a future time. On termination of the trust, the FOREVER FUND receives the remaining assets.

Gifts of Retirement Funds – You can transform tax liabilities into a charitable gift by simply naming the FOREVER FUND as the beneficiary of your RRSP or RRIF plan. At the end of your lifetime the proceeds are received by the FOREVER FUND and a tax receipt is issued to your estate. The tax liability on your RRSP or RRIF due on your final return is entirely offset by the tax credit from the donation receipt. Similar treatment is also available for a Registered Pension Plan RPP.

MAKE A LASTING GIFT TODAY…. Donating today allows you to benefit from immediate tax credits and to be assured that your money is invested in perpetuity for the benefit of all those in Fredericton and surrounding areas.

For further information:
Endowment Officer: Mr. Lorne Amos
Phone: (506) 459-7773

E-mail: lornedamos@gmail.com

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