![]() 45 Harriet St., Toronto, ON
M4L 2G1 Phone: (416) 410-4244 Fax: (416) 465-6367
info@linkcharity.ca
Providing a Link
...between Donors and Charities |
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Charitable Annuities |
DisclosureAll transactions have costs ranging from a postage stamp to salaries. Link Charity is operated frugally as a non-profit organization and as a registered charity. There is an administration charge of ½% from investment income. Each annuity agreement is carefully tracked by Link in a separate bookkeeping account for the rest of your life, adding your share of the investment income and subtracting your income payments. It is possible that a person could outlive their life expectancy significantly. To make sure everyone, no matter how old, will always be paid, ½% of the annual investment income is set aside in a special reserve. Finally, the referring financial planner or charity is paid ½% per year out of the investment income for a maximum of 5 years. |