Planned Giving



Planned Giving
A Lasting Legacy


Biblical...Missional...Devotional...Connectional

ECCC Priorities

The ECCC focuses on four key ministry priorities:

Leadership Development - we look for ways to recruit, encourage and equip gifted and Godly leaders.

Church Planting and Mission - we look to see where God is working and join Him at that place, whether it be locally or around the world.

Renewal & Revitalization - the God who makes all things new is waiting for us as individuals and corporate fellowships to seek a fresh wind of the Spirit.

Compassion & Justice - being the hands of Jesus serving those around us.

Evangelical Covenant
Church of Canada
Box 34025 RPO Fort Richmond
Winnipeg, Manitoba R3T 5T5
Phone: 204-269-3437 1-888-810-3020
Fax: 204-269-3584 E-mail: messengr@escape.ca
Bequests
Many people set aside a certain dollar amount, others leave a percentage of their estate. Contingent bequests can be used to ensure a surviving spouse is looked after and then upon their death the money given to the ECCC or affiliated Covenant ministry.

Did you know the ECCC will cover the cost of making a will up to $150 if we are included as a benefactor?

Charitable Annuity
This allows a donor to make a charitable donation with immediate tax savings and receive a guaranteed income for life.

Gifts of Property
If you have assets that are appreciating, you may consider the benefits of using these assets to make a charitable gift. This may include gifting all or a portion of a property, RRSP's, RRIF's or stocks.
Endowments
This is a donation that will keep on giving; investing the principle will provide income over an extended period of time to the ECCC. The endowment can act like a E.g. "The Bill Smith Memorial Fund."


Insurance Nearly any type of insurance can be used as a gift to charity. It can be more flexible than other types of gifts because the beneficiary can be changed. The benefit to the donor is a tax receipt for the premiums paid and any cash surrendered value in the policy.


"Planned Giving allows you to continue the stewardship you have demonstrated in life even after you're gone.? "
  1. Prepare a Will. Without a Will you lose control over your property at death.
  2. Name the ECCC as a benefactor of a gift in your Will.
  3. Leave a specific dollar amount or percentage of your estate in your Will.
  4. Consider using specific assets for your gift, such as: Stocks, Bonds, Term Deposits, Real Estate, or Insurance.
  5. Name the ECCC as a beneficiary of your RRSP, RRIF or pension.
  6. Name the ECCC as a beneficiary of an existing or paid up life insurance policy.
  7. Purchase a new life insurance policy with the ECCC as a beneficiary.
  8. Remember loved ones with a memorial gift.
  9. Encourage family and friends to leave gifts to the ECCC in their Wills.
  10. Ask your financial advisor or other professionals to assist you in your planned giving.
Normally, the limit of an annual tax receipt a donor can claim is 75% of net income. Unused receipts can be carried forward for five years.

The rules are different for a taxpayer's final tax return, filed after death. Bequests to charities can be used to cover 100% of income for the final year of life. If the donor had unused charitable donation room in the previous year, any unused charitable tax receipts can be carried back one year and a refund claimed on taxes already paid.

There are many things to consider before a donor decides whether a donation should be made during their lifetime or through a bequest. Whatever route is chosen, careful planning is important, taking into account all aspects of personal financial plans.

It's nice to know you can make a charitable gift without compromising your legacy to your loved ones.


©2005 Evangelical Covenant Church of Canada