Second Gift and 3 NEW Charity Partners for
100 Ways to Celebrate 100 Years
A second gift and three new charity partners added to the 100 Ways to Celebrate 100 Years Campaign in Collingwood on November 17, 2016.
On September 20th 10 local charities got together to kick off the 100 Ways to Celebrate 100 Years Insurance Campaign to honour local insurance salesman, Howard Noble. The campaign encourages local residents to consider donating old life insurance policies to their favourite local charity.
Upon hearing about the collaborative insurance campaign, Elephant Thoughts Board Chair, Deb Keep announced that she has made a life insurance policy gift to two local charities, The Georgian Triangle Humane Society and Elephant Thoughts.
“Unfortunately we all have to manage end of life issues, either for ourselves or for ones we love. After managing estates for my parents, aunt and husband, I finally decided it was time to take care of my own. Estate planning is like balancing a 3 legged stool 1) heirs, 2) charity and 3) Canada Revenue Agency. We can reduce our payment to the government by increasing our charitable donations. In 2011, I bought a life insurance policy naming 2 Collingwood Charities, Georgian Triangle Humane Society and Elephant Thoughts as the beneficiaries. With an investment of under $60,000, paid over 15 years, upon my death, my life insurance policy will pay $200,000 to local charities while reducing my tax burden for my heirs and estate, thus increasing their inheritance. What an easy win-win decision. I would like to encourage others to think about who they wish to receive their money – the government or the many worthwhile charities in our community. Talk to an estate planner or your lawyer, a simple act now will leave a legacy in our community,” states Deb Keep.
The Collingwood G&M Hospital Foundation is also excited to announce since the campaign has kicked off, the National Ski Academy, Elephant Thoughts and Rotary Club of Collingwood South Georgian Bay have joined the collaborative of charities in the community that are able to accept life insurance policy gifts. This brings the total to 13 local charities working together to honour the late Howard Noble.
If you have any questions about this release, please contact Jory Pritchard-Kerr, Executive Director, Collingwood General & Marine Hospital Foundation at 705.444.8645