In 2006, Rossbrook received a generous bequest from a long-time friend and supporter. This gift was the final impetus for the creation of the Rossbrook House Foundation. The role of the Rossbrook House Foundation is to encourage legacy gifts to an enduring fund stewarded by the Foundation. The Foundation has established Every Child's Legacy, an endowment fund to receive such gifts.
The Board of Directors of the Rossbrook House Foundation are skilled and dedicated professionals who ensure that all gifts are well stewarded. The Board has adopted a prudent Investment Policy which includes investment objectives, investment guidelines and monitoring procedures, as well as appropriate diversification. It commits the Foundation to conduct all investment activities in accordance with the CFA Institute Code of Ethics and Standards of Professional Conduct.
SOME OPTIONS FOR GIVING
In order to succeed in making a significant positive difference in this community, your regular donations remain crucial for the ongoing operation of Rossbrook House. The Rossbrook House Foundation does not replace those gifts but seeks to stabilize long-term funding.
DIRECT DONATIONS
In addition to regular donations, you may decide on a legacy gift that you would like to donate to Rossbrook House Foundation to help ensure that the work of Rossbrook House will continue into the future.
BEQUESTS
Rossbrook is blessed with many friends who have, every year, gifted us with a donation. The Rossbrook House Foundation will make it possible for donors to leave a charitable bequest in their will that will be invested in order to continue their commitment to the children and youth of Rossbrook House. The gift can be a sum of money, a particular asset, or all or a portion of the residue of your estate. Whatever form the gift takes, it will ensure a safe place for future generations of children and youth.
PUBLICLY LISTED SECURITIES
Donating appreciated stocks, bonds and mutual fund units is a tax-effective way to make an outright gift during your lifetime or as part of a legacy gift.
Whether the donation is cash or appreciated securities, a tax receipt that creates a tax credit is provided. New federal legislation gives an extra tax incentive for gifts of appreciated publicly listed securities. Donors receive a tax credit for their gift and have the additional tax incentive of paying no capital gains tax.
GIFTS OF LIFE INSURANCE
Giving with life insurance is a creative way to donate to the Rossbrook House Foundation at a relatively low cost. Paying modest life insurance premiums today can provide a legacy gift for the future.
You may own a life insurance policy that has now outlived its purpose. By naming the Rossbrook House Foundation the owner and beneficiary of your policy, you will receive an immediate tax receipt for the cash surrender value. The Foundation can either cash in the policy or hold the policy until the full benefit is paid out.
The proper wording for a gift to the Rossbrook House Foundation is:
I direct my gift or any property substituted for it to be held as an enduring gift by the Rossbrook House Foundation Inc in the Every Child's Legacy endowment fund.
INFORMATION
To be confident that your gift is properly designated please contact:
Tom Thompson (204) 949-4097
Sister Bernadette O'Reilly (204) 949-4096
Rossbrook House Foundation Inc.
658 Ross Avenue
Winnipeg, MB R3A 0M1
foundation@rossbrookhouse.ca
Rossbrook House Foundation is a registered Canadian charity. Our Canada Revenue Agency Charitable Business Number is 80761 4078 RR0001. Charitable tax receipts will be issued for all donations.
Go Back to the Main Rossbrook House Website.
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