Ways to Donate - Gifts of Residual Interest

GIFTS OF RESIDUAL INTEREST

HFHM accepts gifts of residual interest. These gifts will be valued based on “discounted value” as determined by actuarial calculations provided by CRA, and receipted according to HFHM’s Receipting Policy. Donors making gifts of residual interest in real estate shall be responsible for real estate taxes, insurance, utilities and all other expenses relating to the care and maintenance of the property after transferring title, unless otherwise agreed by the HFHM Board of Directors. The terms of the gift and responsibilities for expenses shall be specified in a deed of gift executed by the donor and HFHM. HFHM reserves the right to review any insurance coverage and to inspect the property from time to time to assure that its interest is properly safeguarded.

HFHM encourages and solicits contributions of cash, and personal and real property, either as outright gifts or through planned gift vehicles that conform with the rules and regulations or guidelines outlined by the CRA and any other applicable laws.