Is creating an Endowment with CNIB right for you?

• If you want to help people affected by vision loss through donating to CNIB and if you fit one or more of the following descriptions, an endowment gift may be a good choice for you.
• If you are interested in making a permanent gift of your assets and are willing to make an irrevocable gift.
• If you are concerned with probate or estate issues (like estate freezes).
• If you hold highly appreciated securities in your portfolio and you no longer need the funds from that asset.

Advantages of creating an endowment

• You get an immediate tax receipt.
• You can establish a fund in honour or memory of someone special to you.
• You can support the work of CNIB in perpetuity.

Considerations when making an endowment gift

• There will be a delay of one year or more after you make your endowment gift before the fund will accrue enough interest to provide revenue for CNIB. You may wish to make a restricted gift to an area of interest instead of establishing an endowment.
• The most appropriate endowment is one with broad terms. CNIB’s needs change over time. For example, an endowment gift to CNIB in 1918 for people blinded in war would have been appropriate at that time but, thanks to recent history and improvements in medicine, would be of limited use today.
• You may contribute to your endowment with gifts made during your lifetime as well as through your estate, as part of your legacy. Funding may involve one donor, an entire family or friends.
• In periods when the stock market is low, like the 1990s, interest generated from your endowment may be reduced and there may be a need to encroach upon capital.

For more information, or to make an endowment gift, please contact:

Ruth D'Souza

1-800-563-2642 or
416-486-2500, ext. 7006

plannedgift@cnib.ca

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