A Bequest in Your Will

Through a gift in your will you demonstrate your passion, values and hopes. You are also able to make a larger donation than would be possible during your lifetime.

By naming The Anglican Diocese of Toronto Foundation or a church parish as a beneficiary in your will, you can give a percentage of your estate, a sum of money, a gift of property or a gift of securities. Your estate will receive a tax receipt for the value of the gift, which may reduce your taxes payable to your estate.

The benefits of making a bequest:

  1. Your bequest can be a lasting legacy for you, your family, or anyone you may wish to honour.
  2. You retain full control of your assets during your lifetime.
  3. Your bequest can provide tax relief to your estate.

Sample clauses for wording your bequest

Proper wording is vital to the validity of a bequest. Here are the recommended clauses for your use:

Specific amount bequest:

“I DIRECT my trustee(s) to pay the sum of _________ DOLLARS ($__________ ) to THE ANGLICAN DIOCESE OF TORNTO FOUNDATION, currently located at, 135 Adelaide Street East, Toronto, Ontario M5C 1L8 for its *general purposes. The receipt of an appropriate officer of the Anglican Diocese of Toronto Foundation shall be a sufficient discharge of my Trustee(s).”

*general purposes – should you want to leave a gift to a specific ministry of the Anglican Diocese of Toronto Foundation, please note it here. For instance, you may wish to designate your gift to The Office of the Bishop of Toronto Endowment or to The Canon Robert L. Falby Memorial Endowment for Aboriginal Ministry., etc.

Residual bequest:

“I DIRECT my trustee(s) to pay (insert number that equates to percentage) parts of the residue of my estate to THE ANGLICAN DIOCESE OF TORNTO FOUNDATION, currently located at, 135 Adelaide Street East, Toronto, Ontario M5C 1L8 for its *general purposes. The receipt of an appropriate officer of the Anglican Diocese of Toronto Foundation shall be a sufficient discharge of my Trustee(s).”

*general purposes – should you want to leave a gift to a specific ministry of the Anglican Diocese of Toronto Foundation, please note it here. For instance, you may wish to designate your gift to The Office of the Bishop of Toronto Endowment or to The Canon Robert L. Falby Memorial Endowment for Aboriginal Ministry., etc.

Let’s connect

The decision to leave a gift in your will to the ministries of the Anglican Diocese of Toronto Foundation may take place at any stage in your life. Talk to your family, talk to your financial planner and talk to us.

Should you decide to leave a gift in your will, please complete the Bequest Confirmation Form to share your wonderful news with us.

For more information, please contact Peter Misiaszek, Director of Stewardship Development, 416-363-6021 ext. 246 (1-800-668-8932).

Disclaimer
There are numerous options for legacy gifts. We encourage you to consult with your legal and financial advisors to consider all the relevant issues and income tax provisions.

Our legal name is “The Anglican Diocese of Toronto Foundation” and our charitable number is 89388 4528 RR0001.