Using your Will as a powerful means for supporting the causes you care about
Research conducted by the Canadian Association of Gift Planners Foundation shows that only 5 percent of Canadians leave a charitable gift in their Will. Not only does this mean the causes they care about don’t receive any more funding, but they fail to take advantage of the tax benefits available to their estate.
Creating a Bequest Fund
You can create a Fund today and use your estate to fund it when the time comes. It’s a way of ensuring the causes you care about are supported beyond your lifetime. By working with a Community Foundation you can change the charities you want the Fund to support at any time without updating your Will.
Here is some sample language you can use when leaving a gift in your Will.
Building Community for Twenty Years and Counting
The DeMaio’s not only helped to establish The Foundation but also created a legacy that continues to have a tremendous impact on our community today.
When establishing their first Endowed Fund in 1996, the DeMaio’s wanted to ensure they could give back to the community in the most direct and meaningful way possible. “We chose The Foundation for two qualities we hold dear: integrity and competence. The Foundation and its management have both.”
Today, the gift from the De Maio family is still going strong with their generosity providing grants to over 500 charities to date. Even though Alexander and Bernice are no longer with us, their legacy continues to touch the Town of Oakville in more ways than they ever thought possible.
When you create a fund with The Foundation it continues to generate income in perpetuity. So even after twenty-plus years, the DeMaio’s generous gift is still generating income and will continue to make a difference in our community for years to come.
See the Power of a 20-Year Fund
