How a small charitable donation in your Will can have a powerful impact for generations to come
Children’s Aid Foundation of Canada provides access to supports that help young who have experienced child welfare reach their potential and thrive. We work with a network of committed supporters to raise and grant funds, and to develop and deliver programs that support nearly 19,500 children and youth yearly.
One way donors can help young people access the critical programs and resources they need is by adding a charitable donation to Children’s Aid Foundation of Canada in your Will. When you make a gift in your Will, you’re making a contribution to a young person’s future while still supporting the ones you love. Learn more about giving in your Will.
Many people give back to the causes they care about through monthly donations or volunteering, but a growing number are going one step further and leaving a gift to charity in their Wills. This is true for Canadians of all ages and is increasingly more popular in light of global events.
If more Canadians left even a minuscule percentage of their estate to charity, the sum of all these efforts could represent as much as $40 billion. This is the key message of Will Power’s national public education campaign, which is designed to inspire more Canadians to support the causes they care about like the Children’s Aid Foundation of Canada through a gift in their Will.
You may be surprised to learn that a donation of as little as a 1% of your estate can result have a lasting and profound. Plus, you are still left with your remaining estate to support your loved ones, and still hold on to the money you need to support yourself and your family now.
The best part is that leaving a gift in your Will can be a very simple process. Here are a few suggestions that can help you take the next steps:
1. Calculate your donation. You can determine how much you want to leave to charity, and how much you want your loved ones to receive, with a simple calculation. You can make that calculation using the Legacy Calculator tool developed by Will Power.
2. Discover the tax benefits. Did you know the Canadian government has created some of the best tax incentives in the world to encourage more giving to charity, especially from your estate? Just to cite an example, this article illustrates how a couple’s financial advisor helped them give big to charity and take advantage of the tax benefits, all while leaving a sizeable inheritance for their daughters.
3. Ask a financial advisor. Consulting a financial expert can help you maximize your donation and ensure it works in your favour. You can use Will Power’s Financial Advisor Finder to match with an expert in your region. There is also a handy guide available to start the conversation with your advisor.
4. Find out how to keep the love going. Learn how a gift in your Will to Children’s Aid Foundation of Canada would be used to advance the Will Power Campaign.
5. Contact the Children’s Aid Foundation of Canada. You can also contact Jane Durno, Children’s Aid Foundation of Canada’s Director of Gift Planning at [email protected] or 416-923-0924, ext. 232 to ask any questions and find out more.
Who would have thought of a Will as a powerful tool to make change in the world? But more and more Canadians are harnessing the power of their Wills to become larger-than-life philanthropists who continue to inspire others and make an impact on the future. Join the movement and keep the love going for what matters to you!