For Irfhan Rawji, supporting the Heart and Stroke Foundation had always come naturally. “I have volunteered as a door-to-door canvasser for over two decades for the Heart and Stroke Foundation,” he recalls. “My family has a history of heart disease and I wanted to take action.”
Knowing that so many Canadians are touched by heart disease and stroke, Irfhan deepened his volunteer commitments, joining the board of directors in BC and then Ontario and, eventually, becoming chair of the national board.
“When you believe in an organization, you want to be as generous as you can be; you also want to protect your family. A planned gift lets me do that.”
Irfhan Rawji and his partner, Christine, chose to support Heart and Stroke with a gift of life insurance.
Finding the perfect fit
Irfhan and his partner, Christine, found that a gift of life insurance was a perfect fit. “By naming the Foundation as a beneficiary of my policy, I’m giving the most I can, without compromising our current financial needs,” he says. “And it means that the Foundation can plan ahead, and meet the need for research well into the future.”
“I don’t know exactly what my estate will be years from now. But a gift of life insurance guarantees that the funds will be available and that millions of Canadians will benefit from it. It makes me feel great to know I’ll be leaving behind a better world for my son.”
“By supporting the Heart and Stroke Foundation with a gift of life insurance or a gift in your Will, you literally impact every Canadian family,” says Irfhan. “That’s a huge, huge impact. It’s an opportunity for one person to make a massive difference in the lives of countless others.”
Benefits of legacy giving
Like Irfhan and Christine, more Canadians are discovering estate planning as one of the most valuable ways to help the Heart and Stroke Foundation continue to make life-saving discoveries well into the future.
A legacy gift is a gift with lasting meaning – a gift of time that awards future generations with the blessing of good health. Plus:
- It’s a future gift that doesn’t cost you anything during your lifetime.
- There are no extra out-of-pocket costs and your income will not decrease.
- It’s a highly effective way to reduce estate taxes on your final tax return.
- You can feel good knowing that you’re supporting a cause that’s meaningful to you while creating a Legacy of hope.
It makes me feel great to know I’ll be leaving behind a better world for my son.
Top 10 things you can do to create a legacy that lives on
- Prepare a Will.
- Leave a gift in your Will to your favourite charities such as Heart & Stroke.
- Decide whether to leave a specific dollar amount or a percentage of your assets to your favourite charities.
- Consider using assets such as mutual funds, or publicly traded stocks for your legacy gift.
- Name Heart & Stroke as a beneficiary of your RRSP, RRIF or pension plan.
- Name Heart & Stroke as the beneficiary of an existing life insurance policy.
- Purchase a new life insurance policy and name Heart & Stroke as the beneficiary.
- Honour a loved one through your legacy gift.
- Encourage family and friends to consider leaving gifts to charity in their Will planning.
- Ask your financial or estate planning advisor to include charitable giving as part of your financial plan and to incorporate in their advice with other clients too.