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September 2021
Hope you and your family are safe and well.
We are living in historic times.
The covid plague changed almost every aspect of our lives, sadly not for the better.
As anyone involved in philanthropy will tell you, it’s been a very tough year.
Charitable donations dropped sharply during this crisis and raising money for great causes is more challenging than ever before.
During this period of fear and uncertainty, people are acutely aware of their mortality and the need to get their estate planning and life insurance in order.
As a result, we’ve been busier than ever helping people preserve their hard-earned money and creating Accidental Philanthropists™ along the way.
Forward-thinking fundraisers recognize the importance of developing sustainable revenue for the future by educating supporters on effective legacy planned giving strategies that allow them to maximize giving while minimizing taxes.
We are experts in raising money for charity, by helping people convert tax dollars to charitable gifts and we are waiting to help your organization.
Please contact us to learn more, call me at 416 364 2929 or send an email info@WEALTHinsurance.com
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Introducing Our Newest Legacy Planned Giving Team Members |
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Nancy L. Griffin, CFP EPC joined us as Legacy Advisor For Accomplished Women. A private client wealth advisor for more than 25 years, Nancy is the creator of the popular trademarked program “Women, Worth & Wellness”.
Accomplished women are, and will be, stewarding incredible wealth – wealth they personally have earned in their specific careers or business ownership, and wealth they are, or will be, inheriting from their parents, families, or spouses. They are Nancy’s #1 focus as a Legacy Advisor.
Nancy@WEALTHinsurance.com
Cindy Himelstein joined us as Legacy Project Manager with over 30 years experience in the public and private sectors. She has a demonstrated track record helping charities and social service agencies manage, design, and implement organizational change. Through her professional and volunteer involvement, Cindy is a valued resource to many Boards of Directors and management teams in the areas of operational reviews, strategic planning, Board governance, fundraising, event management, community engagement, and government relations. She has held numerous leadership positions both locally and provincially advocating for children, youth and immigrant issues.
Cindy holds a Master of Social Work (MSW) and Designation in Social Administration (DSA) from Wilfrid Laurier University.
Cindy@WEALTHinsurance.com
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The most emotionally rewarding aspect of our work with clients involves helping them transition from “success” to “significance.”
While doing so we create “Accidental Philanthropists™”.
People who accumulated considerable assets during their lifetimes often have little understanding of the fact that they will have more money when they die than what they have today.
As “custodians” or “trustees” of family wealth for future generations they usually don’t realize the Canada Revenue Agency (CRA) is their ‘partner’ on that money. They need to know they can choose just 2 of 3 possible beneficiaries: CRA, family or charity.
Most people pick family and charity, and that is why we call them “Accidental Philanthropists™”. They become philanthropists when given the opportunity to leave money to charity and family instead of the tax department.
Read “Accidental Philanthropy™”, my recent article published in the TaxLetter® here.
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Some Of The Great Organizations We Work With |
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WEALTHinsurance.com is delighted to celebrate the launch of Will Power, a national movement to educate Canadians on the power they have to make a difference through their Wills and estate.
The program was developed by Canadian Association of Gift Planners (CAGP), inspired by a hugely successful similar campaign in the UK.
We are very proud to have partnered with CAGP on this important campaign when it was just a concept a few years ago.
Even a small percentage of your estate left to charity can have a big impact, while still leaving the majority for loved ones.
More info here: https://www.willpower.ca/
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Upcoming Event – October 1st |
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Please join me on October 1st from noon to 1.30pm for a special Zoom event presented by the Oakville Community Foundation.
My presentation “The New Philanthropy – Helping Clients Maximize Giving and Minimize Taxes” will explain several unique giving strategies to create transformational charitable gifts that also help preserve family wealth.
I will also share some little-known philanthropic strategies available exclusively to DAF Fundholders and Charitable Foundations.
More info
Click here to register
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All Donations Are NOT The Same |
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Most people donate using cash, cheques, and credit cards. They usually don’t know that’s the least cost-effective way to be generous. There are more than 20 better, more tax-efficient ways to give.
Donors who become aware of smarter giving strategies often increase the size of their gifts.
Read our one pager: More Than 20 Ways to Be Generous
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9 Generous Ways To Use CPP Benefits |
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$1 million of Taxes Became $4.5 million of Charity |
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Many charitable people have accumulated significant retirement savings in a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF).
They usually don’t know that taxes will eat up more than half of those savings. A $2 million RRSP shrinks to $960,000.
Read this recent case
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A Life Insurance Donation can cost 12 cents/dollar |
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In contrast to donating cash, appreciated shares or flow-through shares, the donation of Life Insurance policies retains its eminence as a cost-effective and tax friendly way to be generous – for ALL Canadians.
Read our one pager: After Tax Cost of a Donation
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Last year we announced our ambitious corporate goal of creating $100 million in charitable donations annually working with donors, foundations, charities, and by educating like-minded professionals through strategic planned giving strategies and the use of tax-exempt insurance.
The results for 2020 are in. We helped raise a total $61 million, during a COVID-19 year.
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We have now upped our goal to $1 Billion – yes, you read that correctly - $1 Billion.
We are assembling a national community of at least 100 estate planners, professional insurance advisors, accountants, lawyers, non-profits, and other financial professionals, each committed to creating $10 million of planned gifts annually.
The math is simple, 100 X $10 million = $1 Billion!
Let us know if you would like to be involved. We would love to collaborate and show you how to benefit generous donors.
Please contact us to get started, call me at 416 364 2929 or send an email info@WEALTHinsurance.com
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Need a Keynoter, Host or Moderator? |
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Mark Halpern is an engaging, passionate and authoritative speaker with the ability to break down charitable giving strategies and make them less complex for donors, fundraisers, and estate planning professionals.
He is a sought-after speaker in Canada and the United States for insurance industry and non-insurance events.
All speaking fees are paid by event sponsors directly to the charitable causes we designate. We are delighted to have raised hundreds of thousands for great causes.
Contact us
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Our charitable activities include the design and development of charitable giving programs for many non-profit organizations in Canada and the U.S.
We are available to speak to individuals or groups about the substantial tax benefits available to charitable people.
Do you know an individual or organization who would benefit from meeting us?
Please Contact us to assist with your favourite charity.
We’d love to help.
Thanks in advance for sharing this with members of your network.
They can subscribe to receive this newsletter directly by clicking here.
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Send me an email Mark@WEALTHinsurance.com or call me at 416-364-2929
Take care and stay safe,
Mark Halpern, CFP, TEP, MFA-P
Certified Financial Planner
Trust & Estate Practitioner
Master Financial Advisor - Philanthropy
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