Learn About Legacy Giving
Legacy giving is a meaningful way to support the causes you care about while providing for your loved ones. By including a charitable gift in your estate plan, you can help ensure that the organizations and communities important to you continue to thrive for generations.
What is Legacy Giving?
Legacy giving is a meaningful way to support the causes you care about while providing for your loved ones. It involves including charitable gifts in your estate plan so that your values can continue to make an impact in the future.
By planning a legacy gift, you can help ensure that the organizations and communities important to you continue to thrive for generations, while still prioritizing the needs of your family.
Benefits of Legacy Giving
Legacy gifts may provide tax advantages for your estate, potentially reducing the overall tax burden while supporting charitable causes.
You can modify or update your legacy gift at any time during your lifetime as your circumstances change.
Your gift can continue supporting the organizations and communities you care about for many years to come.
Most legacy gifts are made through your estate, meaning they do not affect your finances during your lifetime.
There are several ways to include charitable gifts in your estate plan, depending on your goals and circumstances.
Legacy giving allows you to support the organizations that reflect your personal values and priorities.
How Legacy Giving Works
Planning a legacy gift is often simpler than people expect. The process usually follows a few basic steps.
Choose the Causes You Care About
Decide which organizations or causes you would like to support through your estate plan.
Speak with a Professional
A lawyer, notary, or estate planning professional can help ensure your wishes are properly documented.
Include Your Gift in Your Estate Plan
Your charitable gift can be included in your will or other estate planning documents.
Create a Lasting Impact
When your estate is administered, your gift is distributed to the organizations you selected.
of Canadians now include a charitable donation in their will, up from 5% in 2019.
in future charitable donations is expected from legacy gifts already planned.
of Canadians say they are considering including a charitable donation in their will.
Common Types of Legacy Gifts
Include a specific amount or percentage for a charity directly in your will.
Leave a percentage of your estate after debts, taxes, and family gifts.
Name a charity as beneficiary of a life insurance policy.
Designate a charity as beneficiary of RRSP or RRIF accounts.
Donate publicly traded stocks or mutual funds and reduce capital gains taxes.
Gift real estate or valuable assets to support long-term charitable impact.
Ready to Explore Your Legacy Giving Options?
Discover how planning a future gift can support the cause or organization you care about while still providing for your loved ones. See the potential impact and tax benefits of legacy giving. Connect with a legacy giving expert who can help guide you through your options and turn your intentions into a lasting impact.