Legacy Giving

Opportunities to leave a legacy
that will impact future generations

Wise financial planning lets us provide for our loved ones into the future and also offers a unique opportunity to serve God’s kingdom. You can expand your impact by considering opportunities for planned giving with Catholic Christian Outreach.

Legacy, or planned, giving is simply “planning to give.” Unlike traditional gifts made from your income during your lifetime, a legacy gift is often made from your assets (such as investments or real estate) or from your estate after death. These gifts provide an opportunity to extend your current support of CCO’s mission to reach young people with the Gospel, including initiatives such as:

  • Supporting CCO’s programs and ongoing formation of missionaries and student leaders
  • Helping expand the work of CCO to new campuses, to reach new student groups
  • Enabling many young men and women to discover and pursue vocations to the priesthood, religious life and marriage
  • Ensuring that our young people have the opportunity to encounter Christ while attending post-secondary institutions

Making a legacy gift can enable you to arrange your finances and estate to maximize gifts to your beneficiaries and minimize tax—and give you an opportunity to change the lives of young people for generations to come.

Tell me the character of a nation’s young people, and I will tell you the future of the nation.”
Governor General Georges Vanier


Your Will and a Gift by Bequest

Having a will is simply good stewardship. If you die without a will, your assets are distributed according to provincial laws and you have no control over their allocation. You cannot adequately protect your loved ones and dependents without a will.

Advantages

  • Distribute your estate according to your wishes and in the best interests of your loved ones
  • Continue the legacy of charitable giving that you started in your lifetime
  • Provide for your family and those who depend on you when you are no longer here

How do I consider making a gift to CCO?

It’s easy to make a gift through your will. After ensuring that your loved ones are properly looked after, you may wish to give to the organizations and ministries you support. You can bequest a specific asset, or part or all of one’s estate including cash, securities, RRSP/RRIF, TFSA, insurance, etc. A donation receipt can then be provided and used in the year of death and the previous taxation year.

If desired, CCO can provide you with sample wording that you can discuss with your lawyer and possibly include in your will. Please let us know if you include a bequest for Catholic Christian Outreach in your will.

We have been supporters of CCO for many years and we want CCO’s work to impact many future generations. We realized that an effective way for us to leave a lasting legacy would be to include a special bequest to CCO in our will. God has blessed us in so many ways and we are happy to give back in this way to support the faith of young people beyond our lifetime.”
—Lynn and Mary Anderson


Life Insurance

Jesus compared the kingdom of God to a mustard seed: that small seed can grow into a large, life-supporting tree. So too a small amount paid regularly for a life insurance policy can create a larger future gift for CCO than most donors could afford to make from their personal assets during their lives.

Advantages

  • The satisfaction of knowing that you have guaranteed a large gift that will sustain God’s work of bringing the Gospel to young people and building leaders for the renewal of the world
  • Life insurance allows you to make a much larger gift than you could otherwise make
  • Certain uses of insurance can also substantially reduce taxes

How does it work?

There are several ways to use life insurance to fund a gift to Catholic Christian Outreach:

  • Transfer the ownership and beneficiary of an existing policy to CCO Canada. Many people find that a life insurance policy they took out while their children were at home is no longer needed. When you gift that policy to CCO, you will receive a charitable donation receipt for the full cash surrender value of the policy, and you will receive additional receipts for any premiums you continue to pay on the policy.
  • Apply for a new policy on your life, and name CCO Canada as both owner and beneficiary. You would pay the premiums directly to CCO, which would then pay the insurance company. You would receive an annual charitable donation receipt for the amount of the premium.
  • Name CCO Canada as the beneficiary of an existing life insurance policy, which can include group insurance plans (please contact us to assist in appropriate wording). Your estate will receive a charitable donation receipt for the full death benefit.

Additional Options

Planned giving can also include gifts in kind such as real estate, art, investments, etc.

As well, donors may be interested in making an immediate donation of listed securities as they are able to receive a receipt for the full value of the donated shares while avoiding the capital gain taxes.

Our Commitment to You

We are committed to putting you first. We pledge to serve you in the following ways:

  • We will not enter into an agreement, trust, contract, or other indenture with any financial agency that would not meet standards outlined by federal and provincial guidelines.
  • Prior to making a gift, we recommend that donors receive independent professional advice concerning the possible financial, taxation, and legal consequences of making the gift.
  • All information that you give us is kept in strict confidence. This includes all personal identification and addresses as well as estate and beneficiary data. CCO does not release any personal information.

For further information on any of these opportunities, please contact us at:

Legacy Giving
CCO Office of the President
(613) 736-1999
legacy@cco.ca