Attention: Insurance Advisors, Estate Planners, DAF Fundholders and Aspiring Philanthropists.
Creative Charitable Gifting Strategies
The latest issue of Foundation Magazine contains my second article on Strategic Philanthropy, published under my column banner "The Accidental Philanthropist™”
"Creative Charitable Gifting Strategies" describes several effective and often-overlooked ways for generous people to support the causes they care about in the most cost and tax-effective manner.
I love sharing strategies and planning ideas with fellow advisors, so they can help their own clients become "Accidental Philanthropists™.
Can you imagine Colonel Sanders sharing his secret recipe with every chicken seller - including all 11 herbs and spices?
We like to share our “secret sauce” as it brings us closer to achieving our corporate goal of creating $100 million of new charitable gifts each year working with clients, charities and allied professionals.
Timing IS Everything
A few years ago I was introduced to a wealthy real estate family with an extensive property portfolio assembled over 2 generations.
Lots of real estate, no estate planning - and not surprised.
Getting them properly organized in the most tax and cost-efficient way would be a complex and time-consuming and something we love to help clients with.
Anticipating a lengthy planning process, we recommended that each family member apply for $10 Million of Term Life Insurance right away.
Once issued, that Term Insurance could be quickly converted, partially or fully, into permanent policies - without any medical underwriting or the need to re-qualify.
Note: All Term Insurance offers this option.
It’s EASIER THAN EVER to buy every kind of Life Insurance.
With COVID outbreaks and Delta variants dominating the news, people are more aware than ever of their mortality.
Amid the doom and gloom there’s good news for anyone buying Life Insurance.
You can now get up to $5 million of Life Insurance with NO medical, NO in-person meeting, NO blood and urine samples, all in a 15-minute phone call.
The same applies to Critical Illness Insurance up to $250,000.
Clients are topping up coverage and buying new term and permanent insurance policies for spouses, children, grandchildren, and for charitable giving.
Policies are typically approved in less than 72 hours. Higher limits are available with additional underwriting.
To learn more click https://lnkd.in/eW5eUMA, call me at 416 364 2929, or send an email Mark@WEALTHinsurance.com
This is the time to revisit your estate planning - including wills, powers of attorney, estate directory and life insurance.
Please share this with your contacts.
I love hearing about philanthropic gifts inspired by our activities
A shout out to my dear friends Frank De Lio and Mauro Arturi
A shout out to my dear friends Frank De Lio and Mauro Arturi, Senior Executive Directors who lead a group of more than 500 advisors in the FML Organization of Experior Financial Group.
We’ve spoken over the last few years about developing an advanced training program for their top advisors to learn how to work with HNW and UHNW clients.
Our 2 hour kick-off session yesterday was attended by 2 dozen of the top Executive Directors in the FML Organization!
I explained the importance of being problem solvers and building a team of professionals to help sophisticated clients understand the importance and use of tax-exempt insurance for business owners, entrepreneurs, professionals and affluent families.
They especially loved learning about the use of strategic philanthropy to help clients convert taxes into charity.
Two hours went by so quickly.
Mark was interviewed today by Jeff McArthur on Global News Radio AM640 Toronto.
We discussed the findings of a just-released RBC survey that indicates retirement levels are expected to surge after the pandemic.
(By the way….when does ‘after the pandemic’ happen?)
A recent FP Canada survey says 40% of Canadians aged 55+ cite saving for retirement as their top source of financial stress.
Jeff sought my suggestions on how ‘about-to-retire’ people should be preparing now.
I explained the importance of a changing mindset from investing to planning and shared my 3 top recommendations: preserve what you have, maximize income and optimize tax efficiency.
If you speak to a professional planner to help navigate, you will likely find out you actually CAN retire and not run out of money.
GREAT event last week for supporters of @St. Joseph’s Health Centre Foundation.
As a member of St. Joe’s Promise Legacy Council, it’s especially gratifying to share ideas that raise money for the hospital while helping people convert taxes to charitable gifts.
My zoom presentation on June 16 was titled “Create YOUR Family Legacy: Maximize Giving, Minimize Taxes”
I explained how we create Accidental Philanthropists™ and presented several wonderful ways to be remembered for leaving more to charity and family instead of a large sum to the tax department.
Many thanks to Maria Dyck, Steven Presser, Carrie Gemmell and the entire Foundation team for organizing such a successful event.
If you are involved in Philanthropy, I’d be delighted to speak to your colleagues and community.
Fundraising In Challenging Times
Delighted to announce that Steve Lloyd, Publisher of Foundation Magazine, has invited me to write a regular column on Philanthropy.
My column is called "The Accidental Philanthropist”.
Here is my inaugural article “Fundraising In Challenging Times”.
It’s a great publication.
https://foundationmag.ca/
Foundation Magazine | The Business & Spirit of Philanthropy
Consider subscribing free if you have a connection to charities, foundations and non-profit organizations.
Create YOUR Family Legacy: Maximize Giving, Minimize Taxes
A brand new, fully outfitted ambulance donated to Magen David Adom in Israel
Most people celebrate their birthday with cakes and gifts.
Ryan Walsh decided to MAKE a great gift to celebrate his 40th birthday.
Last week he donated a brand new, fully outfitted ambulance to Magen David Adom in Israel.
Thanks to Hershel Recht, Regional Director of Canadian Magen David Adom for Israel for connecting us after Ryan’s request.
At 39 years old, Ryan is the youngest donor EVER to have bought an ambulance via Canadian Magen David Adom for Israel.
Hershel, like many other non-profits we work with, introduces me as their "Legacy Process Consultant" to help Major Donors give in the most cost and tax-effective way.
9 Generous Ways to Use CPP Benefits
WHAT ARE YOU DOING AT NOON THIS THURSDAY ?
Philanthropic Strategies Shared
My interview yesterday with Jeff Andreas of CHNL radio