Setting up a legacy (or 'planned') gift is a wonderful way to support The George Hull Centre, at a level that may not be possible during your working or retirement years.
Legacy gifts act as a meaningful way to ensure future generations of children and their families receive the help they need.
You can make a lasting impact through a variety of planned giving options.
The most common Legacy Gifts are given in the following ways:
Bequests: Leave your legacy by including a bequest in your will. You can bequest a specific dollar amount, or a percentage of assets, among other options. This process is as simple as adding a couple of sentences to your will. Contact your family lawyer or read below to learn more about your options.
Gifts of Securities: Donating stocks or securities to The George Hull Centre acts as a win-win. This gift supports the Centre's programs, while also rewarding you with a significant tax benefit. For more information, please visit our ‘Gifts of Securities’ page.
Gifts of Life Insurance: You can name The George Hull Centre Foundation as beneficiary of your life insurance policy. The premiums you pay qualify for a tax receipt.
RRSPs or RRIFs: You can make a gift to The George Hull Centre simply by changing the beneficiary information on your RRSP or RRIF funds. In doing so, you offset the heavy taxes on these assets, as your gift will be treated as a charitable contribution, thereby allowing you a tax receipt for the full amount being transferred.
Other legacy gift options include:
Charitable Gift Annuities.
Charitable Remainder Trusts.
Gifts of Real Estate or Property.
Donor Advised Funds.
We would be happy to discuss any of these options with you. You financial advisor, estate lawyer, and bank manager are also able to provide you more information on these meaningful giving options.
How to Make a Legacy or “Planned” Gift
We would be pleased to work with you and/or your advisors to arrange a planned gift that best suits your personal goals. To learn more about how you can leave a legacy to help create hope and healing for future generations of children, youth, and families, suffering from mental health issues, please contact Seana Massey, Director of Development at 416.622-8833 ext. 241 or email email@example.com.
How To Make A Bequest
Gifts left in your will (a bequest) are the most popular, and simplest, option for planned gifts. By designating The George Hull Centre as a beneficiary in your will, you can support the Centre's programs in a way that might not have been financially possible during your working or retirement years, while at the same time reducing significant taxes payable upon your death. Because charitable gifts, indicated in a will, are deemed in the year of death, the charitable tax credit is received by the estate and can offset any tax owing.
If you are about to draft a will or make changes to your current will, your lawyer can easily include a bequest to The George Hull Centre Foundation. You can leave a specific amount, a particular asset, a percentage of the value of your estate, or the residue of your estate after all other bequests have been made. A bequest is a revocable gift that can be amended at any time. Sample wording for your will to leave a bequest to The George Hull Centre Foundation is provided below.
For more information, please contact Seana Massey, Director of Development at 416.622-8833 ext. 241 or email firstname.lastname@example.org.
Sample Wording for Bequest to The George Hull Centre Foundation
"I give, devise and bequeath to The George Hull Centre Foundation [the sum of $____________ ] or [___% of the residue of my estate]. It is my wish that the funds be used specifically for unrestricted expendable use by The George Hull Centre Foundation, for the purposes and designs deemed appropriate by The George Hull Centre Foundation’s Trustees."
Legal Name and Address
The George Hull Centre Foundation
600 The East Mall,
Toronto, Ontario, Canada
Charitable Registration Number: 88864 7740 RR0001