I love hearing about philanthropic gifts inspired by our activities and facilitated by insurance advisors, financial professionals and others.

Here’s an actual email received from Sean Jones, an advisor I mentor, who approved of this post to encourage other advisors to do the same:

"Hey Mark,
Happy Canada Day!
I hope you are well.
I have my first philanthropy case!
Elderly couple, just sold a house and have some ‘never spend money’.
We set up a Joint and Last To Die $700,000 PAR policy with an annual premium of $40,000.
We named the charity as owner and beneficiary in order to get a charitable tax receipt for each premium, essentially bringing down their actual cost to only $20,000/yr for 10 years. Every year they will save $20,000 in taxes from the premium charitable receipt AND more importantly, they are being recognized by their favourite charity while they are alive, for creating a gift that will grow to well over $1M. Thanks for telling me that it would have cost even less for them if they paid premiums with appreciated securities or flow through shares. What a wonderful legacy for them to share with their children and grandchildren!
I’m really excited about this case and many others I'm working on just like it, thanks to your inspiration!
Stay well,
Sean Jones"
_

Wow! what a great story Sean. Thanks for sharing it!

Attention: Insurance and Investment Advisors, CPAs, LLBs, Estate Planners, Non-Profits and Foundations:

We are planning a National Philanthropy Webinar Oct 7th to learn more about Strategic Philanthropy. Details to follow.

We will explain how to have the philanthropic conversation with clients, and share many great strategies we have refined to help clients (and non-profits) convert taxes into charitable gifts while creating transformational legacies.

If you are interested in participating, please let me know in the comment section below with your email address too or just private message me.

As professional advisors we are living in historic times with the greatest opportunity to do good while doing well.