It’s the holiday season, a season of giving, so we’re jumping back into our conversation about estate planning with today’s focus on charitable giving through your Will.

In this episode, Frankie and Sarah speak with Frank Cerisano, CEO of the Bowmanville Hospital Foundation, about leaving a legacy through charitable giving. They discuss the importance of researching charities before leaving a bequest in your Will, the potential issues that can arise with overly restrictive donations, and the key role a lawyer plays in supporting an executor of an estate with charitable gifts. They also discuss the concerns around the proposed changes to the Alternate Minimum Tax rules and how these changes could impact charitable giving across Canada.

Frankie, Sarah, and Frank discuss: 

• Why it’s important to do your research and find a charity that aligns with your values before leaving a bequest in your Will
  
• The differences between donating a fixed sum and leaving the charity a residual interest in the estate
  
• Initial steps the executor should take when administering an estate with a large bequest to a charity
  

Connect with Frankie Loreto and Sarah Netley: 

• Courtice.BakerTilly.ca
  
• LinkedIn: Baker Tilly Canada
  
• LinkedIn: Frankie Loreto
  
• LinkedIn: Sarah Netley
  
• Call: (905) 579-5659
  

Connect with Frank Cerisano:

• TheBowmanvilleHospitalFoundation.com
  
• LinkedIn: Bowmanville Hospital Foundation
  
• LinkedIn: Frank Cerisano
  
• Phone: 905-623-3331 ext. 21881
  

About Our Guest: 

Frank Cerisano is the CEO of the Bowmanville Hospital Foundation. Frank has been in the nonprofit sector for almost 30 years with a specialty in fundraising. He has helped numerous charities all over Ontario, across all of Canada, and down along the eastern seaboard of the United States.