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Contributions
Life Income Agreement - Persons
contributing $5,000 or more can participate in the Shriners Hospitals
for Children Pooled Income Fund. Under this agreement, donors,
or their designees, will receive the annual income from their
contributions during their lifetime. A portion of the contributions
may be deducted as a charitable donation.
Real Estate - Real
estate may be deeded outright to Shriners Hospitals for Children,
or, if it is a donor's residence or farm, may be given subject
to retained life interest. The value of the interest being contributed
may be used as a charitable contribution for income tax purposes.
Securities - Contributions
of securities may be easily accomplished. If the donor's securities
have appreciated in value at the time of the gift, there can
be income tax and other advantages to the donor.
Insurance - Shriners
Hospitals for Children may be designed as the irrevocable beneficiary
of an insurance policy. The hospitals would thus be assured of
a definite sum in the future. The cash surrender value and annual
premium may be deducted as a charitable contribution.
Wills - Designations
of bequests should clearly indicate Shriners Hospitals for Children.
Bequests under wills may reduce estate taxes.
Trusts - Irrevocable
charitable remainder unitrusts or annuity trusts may be established
to provide for lifetime payments to the named beneficiaries.
Upon the death of the surviving income beneficiary, assets would
be utilized by Shriners Hospitals for Children for its charitable
purposes.
The Newfoundland & Labrador
Shriners' mailing
address is:
530 Topsail Road,
P.O. Box 2385,
St. John's, NF.,
Canada,
A1C 6E7
Phone:
(709) 364-1591
Fax: (709) 364-5715
Email: shrine@nf.aibn.com
Updated: March 24, 2005