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|Special Directions or
There are two primary ways in which gifts may be made to the Commonwealth Air Training Plan Museum Foundation: by giving a gift of money or securities as a Gift (Inter Vivos) i.e. a gift NOW, or by making provision in your Will for the giving of a gift to the Foundation. Remember, a Will "speaks" as from the date of death, since Wills are revocable and thus any Tax Benefits of a gift to the Foundation, through a Will, cannot be realized until one dies. A gift (Inter Vivos) does benefit from a reduced rate of Income Tax. So don't wait for Spring - DO IT NOW!
Bequests made by WillIn your Will, you may leave a lump sum bequest or a bequest of a specified percentage of the remainder of your estate, or a bequest specified as 'the rest and residue of you estate" to the Foundation. You may also make a gift of property or securities (bonds, GIC'S, stocks, T bills) to the Foundation by means of a provision in your Will. A bequest made by your Will confers an important advantage to your estate when the bequest is made to a Charitable organization such as the Commonwealth Air Training Plan Museum Foundation. Your lawyer or financial advisor can advise you on such advantages and the implications or limitations of such bequests.
Income Tax Benefits
Bequest of Life InsuranceThe gift of a life insurance policy can be an effective way of offering a benefit to the Foundation on your death. You may either give an existing policy which you may no longer need or a new policy obtained specifically for the purpose of making a donation to the Foundation. In both cases, the Income Tax benefits of such gifts can be very important to the Foundation and to you. Consult with your Insurance Agent re the specifics of such benefits.
By means Of a Simple Codicil to your current Will.
The following is a simple Codicil which can be added to your present Will:
Codicil Number One to the Last Will and Testament of_________________________
which Last Will and Testament is dated this _______day of_____________19 .
I hereby add to that said Will as follows:
I give, devise and bequeath to the Commonwealth Air Training Plan Museum Foundation
the sum of $________________________ to be paid out of my general estate.
Signed and dated this________day of______________19 ,
in the City of______________________________
Signature of Testator:_____________________________
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