Charitable Annuity
Turn your capital into income and help the most disadvantaged at the same time
If you want to make a significant contribution to a cause you care about but need a stable income, an annuity is a way to make both a generous gift and a sound investment during your lifetime.
An annuity lets you support Mission inclusion (a trademark of the Jules and Paul-Émile Léger Foundation) while securing a stable income for life, protected from market fluctuations. It can be very advantageous from a tax standpoint.
Our annuity rates are very competitive. The income you receive depends on your age and the amount of the annuity.
Turn your capital into income and help the most disadvantaged at the same time
If you want to make a significant contribution to a cause you care about but need a stable income, an annuity is a way to make both a generous gift and a sound investment during your lifetime.
An annuity lets you support Mission inclusion (a trademark of the Jules and Paul-Émile Léger Foundation) while securing a stable income for life, protected from market fluctuations. It can be very advantageous from a tax standpoint.
Our annuity rates are very competitive. The income you receive depends on your age and the amount of the annuity.
ADVANTAGES
You get a competitive rate which will remain fixed once the contract is signed. You will receive a tax receipt for at least 20% of the capital in the year you purchase the annuity. Your annuity income will be virtually tax free. You will have the peace of mind of a stable income while helping the most disadvantaged. Upon your death, the remaining funds will go to Mission inclusion to support the priorities you selected.
DISCOVER THE RATE AVAILABLE TO YOU
OUR CURRENT ANNUITY RATES*
AGE
65
70
75
80
85
WOMEN
5,18 %
5,81 %
6,20 %
7,23 %
8,39 %
MEN
5,64 %
6,33 %
6,82 %
7,93 %
8,88 %
* Our annuity rates vary according to market conditions
(april 2024) and are based on a ceded principal of $20,000.
(april 2024) and are based on a ceded principal of $20,000.
An example of the benefits of a charitable life annuity:
Mr. Goode inherited $50,000 and has decided to use it to take out a charitable life annuity with Mission inclusion.
His age on September 1, 2021 was 77. The rate, based on his age and the amount, is 7.2%. It will therefore pay him a tax-free annual income of $3,600 ($300 per month). Mr. Goode chooses to receive the income on the 15th of each month and the money is deposited directly into his account.
He also receives a tax receipt for $10,000 when he buys the annuity, since 20% of the capital invested is considered a charitable donation. Mr. Goode has always been concerned about homelessness, so he has asked that the donation be allocated to projects in this area.
The Mission inclusion difference
Mission inclusion has been administering its own life annuity fund for over 40 years with the help of a committee of volunteers with deep financial expertise. This means that 100% of your capital and the interest generated remains in the hands of our Foundation, instead of going to a financial institution, and is directly invested in the projects you support.
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Mission inclusion is a trademark of the
Jules and Paul-Émile Léger Foundation
Jules and Paul-Émile Léger Foundation
© 2019-2022 The Léger Foundation. All rights reserved.
Charity number : 118923689 RR 0001