Planned Giving is the committing to leave a gift to a charity of one’s choice. Regardless of the amount of their income or assets, nearly anyone can plan a legacy gift that will support an organization they care about. No planned gift is too small. Making provision for a planned gift provides the donor with a strong sense of contribution and purpose.
Your planned gift to Covenant Foundation would represent a significant contribution to our mission, while providing you and your loved ones with tax and estate planning benefits.
We have a range of planned giving options that may be of interest to you.
Although charitable gifts can be made at any time, due to the financial planning advantages of planned giving, it is wise to plan your contribution well in advance.
During the sunset years of his life, well-loved Banff resident Joe Switzer sincerely appreciated the attention and high level of care he received, especially at the Banff Mineral Springs Hospital. Because he was passionate about his Rocky Mountain town of Banff and wanted to give back to the community he loved, Joe left a generous legacy gift of $248, 484.49 to our foundation to help fund the renovation of the Banff hospital’s emergency waiting room and triage area, as well as help provide enhancements to the hospital’s palliative care room. Through his remarkable generosity and love for his community, Joe has left a legacy that will help transform emergency and palliative care in the Bow Valley for generations to come. You can read more about Joe's generosity and the impact of his legacy gift here.
Due to the sensitive nature of planned giving, Covenant Foundation recommends to ensure that your generosity is aligned with your giving and financial goals, you consult with legal and financial advisors.
Bequests are the most common form of planned giving we work with. There are three types of bequests: specific bequests, in which the donor gives a specific dollar amount or specific property, such as art, real estate, or stocks; residual bequest, which give the charity the remainder of the estate after taxes, expenses and other bequests; and contingent bequests, which are contingent on another event, such as the death of a beneficiary. Making a bequest to Covenant Foundation requires writing your wish to make the gift into your will.
Endowment gifts involve a transfer of money or property, usually with the stipulation that it be invested and the principal remaining intact to provide for long term and continual impact.
If you have any further questions pertaining to planned giving, please contact April Grindheim, Major Gifts Officer, at 780.297.0740 or at firstname.lastname@example.org.