Childhood cancer research has extended the lives of many kids. Those who have fought and managed to beat the disease often have a decreased quality of life due to the harmful effects of current cancer treatments. Funds are continuously needed to improve the treatments that children receive and to ultimately find a cure once and for all.
We are grateful that most people have the ability to make a donation gift part of their financial plan. A carefully arranged gift can be tax-effective, and at the same time balance the financial needs of you and your family. It can allow you to leave a lasting personal legacy and, depending on the gift, can provide your favorite charity with a more stable, reliable inflow of funds over the long term without reducing the estate available to your heirs or jeopardizing your future financial independence.
Some common types of gifts are:
Bequests - A charitable bequest
is a gift made through your will. Your gift
to the Michael Cuccione Foundation can be a
specified percentage of your estate, a piece
of property, or a certain sum of money
Life Insurance - Minimal insurance
premiums today can result in a significant gift
in the future. If the Michael Cuccione Foundation
is listed as a beneficiary on your life insurance
policy, the annual premiums will represent tax
deductible donations. The Foundation can be
listed as a beneficiary, or ownership can be given
to the Foundation on a new or existing policy.
RRSPs and RRIFs - You can designate
the Michael Cuccione Foundation as the beneficiary,
or one of the beneficiaries, on your Registered
Retirement Savings Plan or Registered Retirement
Income Fund. Your estate will receive a tax
receipt for the amount transferred benefiting
the heirs of your estate.
Property & Publicly-Listed Securities
- You may have assets you can donate, such as
real estate or other tangible assets with value
that would provide immediate benefits to the
Foundation. If you hold a portfolio of stocks,
bonds, or mutual funds, you can cash them or
transfer them to the Michael Cuccione Foundation.
There is preferential tax treatment seen on
appreciated securities.
Charitable Remainder Trusts
- You can donate an asset during your lifetime
and receive a guaranteed income for life, or
for a pre-determined period of time. Upon your
death, or once the time pre-determined is reached,
the asset remaining is transferred to the Foundation.
The above mentioned gifts may require consultation
with family members and will require advice from
qualified individuals. Please ensure you consult
with legal and financial professionals to plan
the best way to make a lasting difference. This
section is intended to merely provide a starting
point for discussions with your financial advisor;
it is not intended as legal advice. We thank you for considering the Foundation and the children we support as recipients of your generosity.
Click here to donate
online or click here to contact
us.
