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Interest Free Loan |
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An
Interest-Free Loan
is the donation of capital (usually cash) for a prearranged period
of time and can help to provide MAF with the income required to meet
an immediate need, or the capital required to purchase a new
airplane or other program investment.
As this is a revocable arrangement and the loan will eventually be
repaid, no charitable receipt is issued for either the principal or
the interest.
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Interest Free Loans at a glance |
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Type
of Gift: |
Benefits to Donor: |
Benefits to MAF: |
Acceptable Gift: |
Typically Appeals To: |
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Interest Free Loan
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Satisfaction in seeing
gift at work while retaining full control of assets |
Capital can be used or
invested immediately
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Generally cash
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Anyone at any age who can
afford to temporarily give up some principal and the
interest it may earn, but may need some or all of that
principal back in the future
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To make an Interest Free Loan to MAF, please
contact our Planned Giving Department by calling 1-877-351-9344.
If you prefer, you can email our Planned Giving Department by clicking
here.
The information contained in this guide is general in nature and is
not a substitute for independent legal advice. We recommend you seek
independent counsel before making any planned gift.
Mission Aviation Fellowship of Canada is a registered Canadian
charity
(Registration Number 12994 2561 RR0001).
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