The Mikuska Group  

The Boomers are coming – be prepared!

“The Boomers are coming – be prepared!” That message was loud and clear at the Canadian Association of Gift Planners – Manitoba breakfast. The presenters’ goal was to demystify gifts of stock and life insurance and to urge charities to become more knowledgeable about these vehicles for giving.

Scott Sadler, Principal of Tecumseh Insurance Services Inc. laid out the differences between Term (useless for charitable giving) and Permanent insurance, and the various ways donors and their favourite charities can benefit immensely by having the right strategy. People have a choice when deciding what to do with their estate. They can chose two out of three possibilities:  donate to family, to charities and/or to the federal government. Which two would you rather choose?

Kari O’Reilly of BMO Nesbitt Burns tackled the topic of in-kind stock donation and clarified the process – what actually happens when you sign that donation form. It’s more complicated than we realize yet we have to strive to make it as easy as possible for donors. Make sure you have set up the appropriate policies and processes before you’re approached with a gift of stock.

DeWayne Osborn of Lawton Partners wrapped up with a call to action to charities – get your house in order and make sure your Gift Acceptance Policy can handle the demands of the biggest wealth transfer in history. You want to be able to say “Yes!” when the Boomers come calling.

Laura Mikuska


Blog Archives

Articles By Category