Leave a Legacy
Making a legacy gift to Canada Without Poverty is one of the most valuable and impactful ways you can contribute to CWP and our work in ending poverty. A legacy gift in your will is not just for the wealthy or the elderly. Poverty will not be solved in a day and working to make real systemic change takes time. A legacy gift, no matter the size, is a lasting statement of your generosity and your commitment to ending poverty in Canada.
Planned gifts can be in any amount and can be made at any point in your life. The two most popular legacy options are setting up a gift in your will (a bequest) and life insurance. Legacy gifts can be in any amount and can also take the form of real estate, appreciated securities, retirement plans, art or trusts.
When arranging a gift to the CWP in your will, the most important thing is to use our proper legal name – Canada Without Poverty. and charitable registration number – #130916638RR0001.
Before making a gift make sure to consult with a legal or financial advisor.
A gift in your will
This is the most simple and cost-effective legacy gift. To add Canada Without Poverty as a beneficiary in your will simply requires adding a clause about your intention. The sample wording is provided below.
You can designate a percentage of your residue (the amount remaining after cash legacies, expenses and taxes have been paid). This is a great option as it can ebb and flow with the value of your estate and ensure that the intent of your gift remains intact. Or, you can designate a specific dollar amount, piece of property home, cottage, art or securities. A gift in your will is a great way to reduce estate taxes and you can change your mind at any time.
A gift of life insurance
It is also possible to designate Canada Without Poverty as the owner or beneficiary of a new or existing life insurance policy. You are eligible for an annual tax receipt if you designate the CWP as the owner of a policy and continue to pay premiums on the CWP’s behalf. Or, if the policy is paid in full or you designate the CWP as a beneficiary, a tax receipt will be issued to your estate.
Get in touch
Please let us know if you have already arranged a legacy gift or if you would like to learn more about this opportunity to maximize your support of Canada Without Poverty.
The team at CWP would be happy to answer your questions or assist you with your gift planning. We can be reached at 613-789-0096 or ac.psc-pwc@ofni.