Annuities
Clark's nutcracker (Photo by Paul Turbitt)
You can support the Nature Conservancy of Canada (NCC) in a significant way with a charitable gift annuity.
Simply put, an annuity consists of two parts:
- a gift to NCC for which you will receive a tax receipt; and
- a guaranteed stream of virtually tax-free income for life.
This arrangement enables you to make a gift and increase your annual income.
Charitable gift annuities are especially attractive if you are a conservative investor 65 years of age or older.
They represent safe investments that offer significantly higher returns than you could receive through GICs.
How it works
A minimum of $10,000 is transferred to NCC.
The amount is divided into two parts:
- one third is counted as an immediate donation to NCC, for which you receive a charitable tax receipt;
- the remainder is used to purchase an annuity from a top-rated insurance company.
The annuity income is guaranteed in the form of contractual payments typically at higher rates than other conservative investments, such as GICs, because charitable gift annuities are a combination of income and capital.
Contact us
If you have any questions, please contact us by email or by phone at 1-800-465-0029 ext. 2276
Disclaimer
The information provided on these pages is general in nature and not intended to be a substitute for professional legal or financial planning advice. NCC encourages all donors who are planning a significant gift to seek independent legal and/or financial planning advice.
