Named Beneficiary

It is possible to name Pillars Trust Fund as the beneficiary of your life insurance policy.  This option means you continue to own the policy and pay the premiums yourself.  The benefit of the policy is paid directly to Pillars Trust when you are gone.  Whilst there is no tax relief for the premiums you pay, there will be a charitable tax receipt issued on the proceeds distributed to Pillars Trust Fund which may be used on your final income tax return.

Pillars Trust Fund strongly encourages you to seek independent financial and legal advice, and to organize any policy changes with an insurance provider experienced in working with charitable organizations in this manner.

Pillars Trust Fund is a non-profit organization.  Pillars Trust Fund cannot and is not providing any financial or legal advice.  You must seek your own independent financial and legal advice.  Pillars Trust Fund encourages you to speak with your family, notary, lawyer, financial advisor, accountant and any other person or professional to help you choose the appropriate planned giving option for your circumstances.  If you do not have a financial advisor, your bank could help you find one.  If you do not have a notary, you can find help locating one near you through the Chambre des notaires du Québec (www.cnq.org/en/) or calling 1-800-notaire.  If Pillars Trust Fund can be of any other help or you would like to discuss this with us further, please contact us at admin@pillarstrust.org