Making a gift in your will to support the Old Brewery Mission is a generous, lasting and hopeful act, without sacrificing your financial security during your lifetime.
A gift of life insurance allows you to make a significant donation to the Old Brewery Mission Foundation at a relatively low cost while protecting the value of your estate for your heirs and possibly saving on taxes.
The Old Brewery Mission as beneficiary of a life insurance policy
Name the Old Brewery Mission Foundation as the beneficiary of a new or existing life insurance policy. Your estate will receive a tax receipt for the proceeds of the policy.
The Old Brewery Mission Foundation as owner and beneficiary
Purchase a new policy with the Old Brewery Mission Foundation named as the owner and beneficiary. You will receive annual tax receipts for the premium payments.
Transferring ownership of a paid-up life insurance policy
Transfer ownership of a paid-up policy, with Old Brewery Mission Foundation named as beneficiary. You will receive a tax receipt for the current value (known as the “fair market value”).
Transferring ownership of a partially paid-up life insurance policy
Transfer ownership of a partially paid-up policy, with the Old Brewery Mission Foundation named as owner and beneficiary. You will receive a tax receipt for the fair market value of the policy and annual tax receipts for the ongoing premium payments.
Contact Antonietta Nicolo, Senior Adviser, Major Gifts and Planned Giving.