A legacy (or 'planned') gift provides a wonderful way to support the work of The George Hull Centre at a level that may not be possible during your working or retirement years. It is a meaningful way to ensure future generations of children and their families receive the help they need.
You can make a a lasting impact through a variety of planned giving options. The most common ones are:
- Bequests: Make a gift by including a bequest in your will. You can bequest a specific dollar amount or a percentage of assets, among other otpions. It's as simple as adding a couple of sentences to your will (see below).
- 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.
- Gifts of Securities: Donating appreciated stocks or securities to The George Hull Centre is a win-win: it is a great way to support the Centre's programs, while also leting you take advantage of significant tax benefits.
- 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.
Other legacy gift options include:
- Charitable Gift Annuities
- Charitable Remainder Trusts
- Gifts of Real Estate or Property
- Donor Advised Funds
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.
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 made in a will are deemed to be made 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 M9B 4B1
Charitable Registration Number: 88864 7740 RR0001
Making a gift of publicly traded securities, mutual funds or stocks is very easy to do. Since this type of donation comes from assets rather than income, it receives more favourable tax treatment, which enables you to make a larger gift to support children and youth with mental health problems than you may have thought possible.
When you make a gift of publicly traded stock or securities, not only do you receive a tax receipt for its fully appreciated value, but you will not have to pay capital gains tax. It's a win-win for you and The George Hull Centre for Children and Families.
If you wish to donate securities or are acting on behalf of a donor who plans to do so, please contact Seana Massey, Director of Development at 416.622-8833 ext. 241 or email email@example.com.
Registered Charity No. 10808 2918 RR0001
A gift of life insurance is not only a wonderful way to show you care, but also a way to to make a much larger donation than may have been manageable during your lifetime. A modest annual premium paid over time will result in a signficant future legacy. How? Instead of contributing annually to The George Hull Centre, a donor directs funds to insurance premiums on a policy in The George Hull Centre’s name, and receives a charitable receipt for each premium payment made. A gift of this type generates immediate and future tax relief for a donor while maintaining the your estate.
With a gift of life insurance, you can transfer ownership of an existing policy to The George Hull Centre and receive a tax receipt for the premiums paid after the date of transfer.
Alternatively, you can take out a new insurance policy (or use one no longer needed) and make The George Hull Centre Foundation the beneficiary, in which case you will receive a tax receipt for the full amount of hte proceeds received by The George Hull Centre Foundation.
For more information on making a Gift of Life Insurance, please contact Seana Massey, Director of Development at 416.622-8833 ext. 241 or email firstname.lastname@example.org.
Registered Charity No. 10808 2918 RR0001