Diocese of Saskatoon

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Catholic Legacy Giving Program

The Catholic Church is one of the largest worldwide charities in the world.  Since the time of Jesus, we have been philanthropists at heart – always sharing what we have with those in need.   Stewardship is at the heart of our Christian life, to live out our faith, faith put into action.   Scripture has much to say about money and its place in our lives and hearts.  There are more than 2000 references to money, finances and earthly possessions in the bible.  One out of every 10 verses in Scripture deals with money and possessions.  Forty percent of Jesus’ parables deal with money and possessions.  The Catholic Legacy Giving Program is all about stewarding God’s gifts, an invitation to experience the joy of giving, conversion of the Heart, a return to the Lord in gratitude.  This program is the stewardship of our final estate – a sharing that which we have received and received in abundance.  The focus of the Catholic Legacy Giving Program is people; inviting people to invest themselves through the resources that God has given them – their energy, prayers, and estate – in the work to which God has called us.  Legacy Giving is an opportunity to plant and nurture love in our communities and beyond, reaching past our own life time.

For people of faith, financial and estate planning is a strategic component of stewardship. Stewardship of treasure involves not only sharing a portion of our income but also involves the sharing of our assets as well – planning our giving. Planned gifts can benefit your parish, the Diocese of Saskatoon, and other worthwhile charities while helping you to save taxes, increase your income and pass more on to your heirs.

We should all ask ourselves if making a charitable bequest or other special gift in our estate plan is perhaps the final opportunity to teach our children and those that we love that everything we are and have is God’s gift to us. Only you can answer that question as you and your family develop your financial and estate plan and then review it periodically to ascertain if you and your family’s goals and objectives are being met.

A Planned gift through the Catholic Legacy Program helps to fulfill the Church's mission, which is to worship God, proclaim the Gospel, to celebrate community and to serve our sisters and brothers. The Diocese of Saskatoon Catholic Foundation office assists in fulfilling these responsibilities by encouraging all of the faithful to care for others and share with them the resources entrusted to them by God.

For more information on the Catholic Legacy Giving Program and how you can live out the Gospel through legacy giving, please contact Jocelyne Hamoline at jhamoline@dscahtolicfoundation.ca or by phone 306-659-5849.  

Bequests by Will – The Ultimate Gift

Psalm 116: 12 “What shall I return to the Lord for all his bounty to me?”

The Diocese of Saskatoon Catholic Foundation can be designated as a beneficiary in your will.  Since the gift is deferred, there is no immediate income tax benefits associated with a bequest; however, this type of gift is eligible for a tax receipt which may be applied to up to 100% of the income (including all assets that are deemed disposed) stated on your final return.  The receipt may also be carried back and claimed in the year previous to death.

Your bequest to The Catholic Foundation may be one, or a combination, of the following:

Gifts of Life Insurance

Deuteronomy 28: 8, 11
“The Lord will command the blessings upon you in your barns, and in all that you undertake; he will bless you in the land that the Lord your God is giving you.  …  The Lord will make you abound in prosperity… in the fruit of your ground in the land that the Lord swore to your ancestors to give you.”
 

A gift of life insurance is an affordable way to make a gift to the Diocese of Saskatoon Catholic Foundation Inc.

There are four ways for you to provide a charitable gift of life insurance.

Gifts of RRSPs and RRIFs

Psalm 34:10 “But those who seek the Lord lack no good thing.”

By naming the Diocese of Saskatoon Catholic Foundation as the beneficiary in your registered retirement plan documents, you can enjoy the savings from your RRSP and RRIF during your lifetime, tax-protect your estate, and create a legacy for the Church.

Please use the legal name “Diocese of Saskatoon Catholic Foundation Inc., Saskatoon, Saskatchewan” in your RRSP/RRIF beneficiary designation clause.  The Charitable Number of the Foundation, which is required, is 836037127 RR0001.  A tax receipt for the value of your gift invested will be issued to your estate (all or a portion of the assets in you plan) and applied towards your final income tax return.

Charitable Remainder Trusts

Psalm 1:3, 5 “They are like trees, planted by streams of water, which yield their fruit in its season, and their leaves do not wither.  In all that they do, they prosper…For the Lord watches over the way of the righteous.”

Charitable Remainder Trusts is a planned gift through which a donor transfers cash, securities or real estate to a trustee who holds and manages the assets during the donor’s lifetime.  Income from the assets is paid to you for life or the term of the trust, and then the remainder is transferred to the Diocese of Saskatoon Catholic Foundation Inc. upon the termination of the trust.

Charitable Gift Annuities

Malachi 3:10  “Bring the full tithe into the storehouse, so that there may be food in my house, and thus put me to the test, says the Lord of hosts; see if I will not open the windows of heaven for you and pour down for you an overflowing blessing.”

 

A charitable gift annuity acquired through your insurance agent is an agreement by which you can give a substantial gift to the Diocese of Saskatoon Catholic Foundation Inc. and, in return, receive a regular income for life.  It is an ideal planned giving vehicle for people 65 years or older who would like to leave a gift to the church after they die, but also need to receive a steady income during their lifetime. 

Bequest and Estate Information

Bequest Administration

The Diocese of Saskatoon Catholic Foundation Office coordinates the administration of charitable gifts including those through estate plans.  Please forward all correspondence to:

Jocelyne Hamoline
Planned Giving Officer

Diocese of Saskatoon Catholic Foundation
123 Nelson Road, Saskatoon, S7S 1H1

To follow up on estate administration you can contact Jocelyne directly at 306-659-5849 or via email at jhamoline@dscatholicfoundation.ca

Life Insurance Example

Donor purchases a life insurance policy and makes the Diocese of Saskatoon Catholic Foundation the owner and beneficiary of the policy.  The donor is entitled to a donation receipt for premiums paid to the insurance company after ownership has been transferred to the charity and for contributions made to the charity to cover the premiums.
Face Value of Policy $100,000
Premiums paid by Donor$35,000
Foundation issues a charitable donation receipt to donor to be used on donor’s annual income tax.$35,000
Tax Credit to Donor (assuming 44%)$15,400
After-tax cost of poli

Publicly Traded Securities

Luke 6: 38 “Give and it will be given to you.
A good measure, pressed down, shaken together,
running over, will be put into your lap; for the measure you give will be the measure you get back.”

Federal incentives have made it very attractive to donate publicly traded securities that have appreciated in value.

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