Bequests/Wills.....                                          

Example of a plan which includes a Child called Charity in your will:

A couple in their early sixties, have four children.Their total estate is worth $500,000 including $100,000 in RRSP's.

Plan without Charitable Gifts
Income Tax Payable: $50,000
Amount to Charity: $0
Amount to each child: $112,500

Plan with Child Called "Charity"
Income Tax Payable: $0
Amount to Charity: $100,000
Amount to each child: $100,000







Leaving a bequest to C.D.C.E.F. is the easiest way to support the foundation.



When making your will, it is as simple as including a provision that designates some of your estate be donated to your favourite charities This ensures that the cause you have been supporting for so many years, will continue to be supported even after you have gone to be with the Lord. Besides, this usually means significant tax savings when your estate is settled.

A popular method of providing for your favourite causes is by adopting "A Child called Charity".

This "adopted Child" would be your favorite charitable causes. Your estate would be divided among your children, including "charity" as one of your children. This usually means only a little less for your children, significant tax savings, and a generous donation to "Charity".

The funds that are designated for "Charity" would be divided as you see fit, including, we hope, a donation for C.D.C.E.F. which would benefit Chatham Christian Schools.

In the left column on this page is an example of how "A Child called Charity" could work.

For an information bulletin from CSS with more details click here

Follow this link for a printer friendly personal checklist that you will find useful when considering your estate planning.

If you wish, a free in home consultation can be arranged with Christian Stewardship Services, who have expertise in financial planning and will making. You may contact CDCEF for an appointment or their regional representative Maynard Wiersma, CFP) directly.

* Chatham District Christian Education Foundation 475 Keil Drive South Chatham ON N7M 6L8 * A Charitable Corporation since 1995 *

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