While you are living, CNCF can work with you to create a customized giving plan detailing how much you would like to give, how often, to which ministries, etc. You may give to this plan while you live or plan to fund it through your Will and Estate Planning. After your death, CNCF will work with your successors to ensure that all granting activities are consistent with the desires you previously established in writing.
CNCF Legacy Funds provide you:
- A partner (CNCF) that can provide oversight to your giving intent, either while you are living or after your death.
- A way to continue giving beyond your lifetime in an ongoing manner, rather than simply a one-time "lump sum" distribution of charitable dollars at death.
- A way to ensure that your giving is carried out either in perpetuity or for a fixed timeframe.
- A way to prevent successors from changing your giving wishes (ensuring that your giving intent is faithfully carried out by your heirs or others).
- A way to partner with a like-minded organization such as CNCF, who will be conscientious in the management of the Legacy Fund with a sound asset protection strategy.
- A way to protect against distributions to organizations that stray in some manner from their theological roots or organizational effectiveness, or are otherwise involved in some source of impropriety.
How it works:
At the request of a donor, CNCF will establish a Donor Advised Legacy Fund to receive donations while they live and/or at their death. These gifts may come out of bequests in a Will, registered assets (RRSP, RRIF, LIF) or life insurance policies that have named CNCF as a beneficiary, or other assets.
Simply complete the Legacy Fund application form to establish your Legacy Fund with CNCF.
- Prayerfully consider a name for this new Legacy Fund.
- Provide a plan to donate to your Legacy Fund from your Estate Plan or Will.
- Choose whether you wish to have CNCF manage your Legacy Fund assets or if you wish to have your own financial advisor manage the Fund on CNCF's behalf.
- Provide details about your distribution recommendations to CNCF.
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Enjoy the peace that such advanced planning will give you.
For all the details related to Donor Advised Funds, simply read this document.
"Wisdom, like an inheritance, is a good thing and benefits those who see the sun. Wisdom is a shelter as money is a shelter, but the advantage of knowledge is this: that wisdom preserves the life of its possessor." Ecclesiastes 7:11-12