Bequest by Will

Including a charitable bequest in your will is a simple way to make a lasting gift to your community. And, you can decide to do it at any age by adding to an existing will, or drafting a new one. In doing so you leave a legacy to your community, while enjoying the assets you need to maintain your current lifestyle.

You can give cash, appreciated stocks, or other assets. Some of the most tax-efficient asset types to give through your will come from appreciated stocks, RRSPs, and RIFs.

How it works

  • You include the community foundation in your will as a bequest; we can help you or your lawyer with recommended language.
  • We can work with you to determine the type of fund you would like to establish with your gift.
  • Upon your death, we set up a special fund in your name, in the name of your family, or in honour of any person or organization you choose.
  • Your charitable gift is eligible for a tax credit for estate tax purposes.
  • Our professional staff considers your charitable wishes and determines the areas of community need that would benefit the most through grants from your gift.
  • Our board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).
  • We handle all the administrative details.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.