When you give in your place of worship as an act of worship, you are becoming more of the person God wants you to be. When you give, you are tangibly making a difference in someone’s life. Marriages are restored, lives are healed, and people meet Jesus. There’s no better investment in the world than the local parish.
Why We Give
There’s no better investment in the world than the local parish. It is where people meet Jesus and lives are changed.
Draws Us Closer to God
Investing in what matters to God, we strengthen our relationship to him
Grows Our Character
Giving helps us reflect the character of God – for God so loved the world he gave us his only begotten son.
Shows our love for Others
Our giving makes it possible for people to hear the Good News of God’s love for them!
How to Support the Mission?
We have replaced our digital/online giving platform, Give Point, with a new, secure online donation service from Pllenty.
- go to: https://dol-holyfamily.pllenty.com
- use your mobile device’s camera through a QR code (*see below)
- by phoning the parish office: 519-472-0057
We have chosen to switch to this giving platform for the following reasons:
- It is sponsored by the Diocese of London
- It is much more cost-effective and -efficient for the parish
- It uses the most secure and up-to-date technology
- It is streamlined so that donations are automatically recorded in our database, offering greater ease and accuracy
- All donations will be included in your annual tax receipt mailed out by the parish
- You may direct your donation to any fund of your choice and you may choose to set up for recurring donations with any frequency.
To donate by Interac e-Transfer, simply set up the email address ‘[email protected]’ as a recipient, choose the amount you wish to give, and press send! No password is required.
If you wish to make your Sunday offertory contributions through automatic bank withdrawals (pre-authorized debit), please complete this form and email it and a copy of a void cheque from your bank account to Teresa Easter, our Bookkeeper, at [email protected].
If you do not have a cheque, please ask your bank to provide the appropriate Form indicating your account number, bank number, and branch number.
Planned giving is all about planning to make a gift to Holy Family Parish. Planned gifts are typically funded through specific assets or accumulated resources, as opposed to regular income, which allows for more opportunities for tax related benefits.
Examples of Planned Gifts
Some of the ways in which you can make planned gifts are:
Donating Registered Retirement Savings Plans (RRSP’s) or Registered Retirement Income Funds (RRIF’s) allow you to create a legacy for Holy Family Parish once your needs and those of your loved ones have been met.
When you die, your estate must pay taxes on the balance of your RRSP or RRIF as income if you don’t have a surviving spouse or qualifying dependents. Donating all or part of an RRSP or RRIF to Holy Family Parish is a very effective way to reduce the taxes payable by your estate.
A gift of registered assets will enable you to fulfil goals dual goals of supporting your favourite charity while reducing the amount of taxes that your estate would have to pay. If the RRSP or RRIF has Holy Family Parish as the direct beneficiary, the estate will receive a donation receipt for the entire value of the plan.
Two Ways to Donate
There are two ways in which you can donate the proceeds of an RRSP or RRIF:
- Name Holy Family Parish as the direct beneficiary of your RRSP or RRIF. Upon your death, the proceeds will be paid directly to us.
- Name your estate as the beneficiary of your RRSP or RRIF and leave instructions in your will to donate part all or part of the value to Holy Family Parish. You can specify either a fixed dollar amount or a percentage of the value.
Gift of Life Insurance
Life insurance is a very effective way in which a significant gift in the future, at an affordable current price, can be given that does not affect the value of your estate. You can either give an existing policy or take out a new policy naming Holy Family Parish as the beneficiary.
Make a Gift of Life Insurance
There are four easy ways to make a gift of life insurance:
- Take an existing policy that has finished serving its original purpose and transfer the ownership and beneficiary designation to Holy Family Parish. Although the designation cannot be changed, a tax receipt will be issued for the value of the policy at the time of transfer and on any continued premium payments.
- Purchase a new life insurance policy and name Holy Family Parish as the owner and beneficiary. This can only be done after one premium payment has been made. You continue to pay the premiums and receive a tax receipt for those payments.
- Name your estate as the beneficiary of your life insurance policy and then make the same dollar amount of a bequest in your will to Holy Family Parish. Your estate will then be able to claim the donation for tax purposes in the full amount of the insurance proceeds.
- Name Holy Family Parish as the beneficiary of your group life insurance policy. The designation can be changed at any time. You will not receive a tax receipt for any premiums paid during your lifetime; however, your estate will be in a position to claim a donation for the full amount of the policy.
Bequest – Leaving a Legacy
A bequest to Holy Family Parish through your will creates a legacy. It is easy to establish and it doesn’t require any funding in your lifetime. The bequest can be for a specific amount, the residual of your estate or a percentage. Holy Family Parish issues a tax receipt for the full amount of your bequest. This process provides peace of mind, as you are always in control of the gift and can adjust your will, if needed, at any time.
A bequest symbolizes a lasting legacy for you and your family.
Creating a charitable fund through Holy Family Parish enables you to benefit the parish now, and forever, with a permanent gift. Earnings through your fund will be used to support the Vision and Mission of the parish, and the capital will continue to do good work now and in the future.
Legacy and Stability
Donors who endow their assets (gifts) can make a substantial difference during their life, and, continue to provide those gifts forever. These gifts continue to be made in the name of the endowment you establish so that your charitable wishes are preserved.
Gift of Real Estate
The gift of real estate allows you to use the fair market value of your property as a gift to Holy Family Parish and receive a tax receipt. Examples of real estate gifts include (but are not limited to): land, residences, commercial property, and farms. One benefit of this is that your estate is simplified on death while giving to Holy Family Parish during your lifetime. This method of giving has great appeal to those who are interested in tax relief now and not in need of the monetary value of the property going to their estate.
Once you decide on making this real estate gift, Holy Family Parish will begin the property valuation process. We do this by engaging a certified real estate appraiser who gives a value to the property. We then provide a deed for you to sign to transfer the property to Holy Family Parish and, once signed, we give you a tax receipt for that value.
This type of planned gift allows the donor to maintain possession and use of property, even after it is deeded to Holy Family Parish. An example of this is where you give a residual interest in your cottage but continue to use and enjoy it over your lifetime. These types of gifts are usually given by those who plan to give the property through a will bequest but would like to reduce their current income tax exposure without making any changes to their current living arrangements.
The property is appraised, and the value is determined. A deed is drawn up and signed by both parties and then you are entitled to a tax receipt for the current value of the residual interest.
Charitable Remainder Trust
In a Charitable Remainder Trust, you donate an asset through a trust agreement to Holy Family Parish. A Charitable Remainder Trust is established by contributing shares, mutual funds, real estate or bonds to a trustee who then holds and manages them. You may choose a Charitable Remainder Trust because you have an asset that you would eventually like to give to Holy Family Parish, but you need the income it currently provides. A tax receipt will be issued when assets are transferred to a trust that names Holy Family Parish as the capital beneficiary.
To discuss your planned gift or any form of giving please contact us:
For where your treasure is, there your heart will be.”
Giving Options for St. Patrick Lucan
Click below to see all the ways to give to St. Patrick Parish.
Giving Options for Holy Family London
Click below to see all the ways to give to Holy Family Parish.