Wills are more than just legal documents to distribute your personal assets. They are also powerful tools to make a change in the world.
Many find leaving a gift in their will the simplest way to make a significant donation while taking care of their own future and that of their loved ones. You may choose a specific dollar amount or a percentage of assets. Your estate will receive a charitable receipt and reduce taxes paid.
Alternatively, you may wish to designate the Mental Health Foundation as a beneficiary of your RRSP/RIF as they become fully taxable as income in the year of death (unless they can be rolled over to a surviving spouse or financially dependent children/grandchildren). Designating a charity may have significant tax benefits for your estate and is easy to change in the event of altered circumstances.
If you wish to designate your gift for a specific program or initiative, please contact our team to discuss.
Sample Wording for a Bequest to The Mental Health Foundation
“To pay the Mental Health Foundation (Charitable Registration #821577673RR0001) 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 Mental Health Foundation, for the purposes and designs deemed appropriate by the Mental Health Foundation Board of Directors.”
Legal Name and Address:
Mental Health Foundation, 6th Floor, 9942 108 Street NW, Edmonton AB T5K 2J5
Charitable Registration Number: 821577673RR0001
A charitable bequest, or a gift made through your will, allows you to leave a donation
to support mental health care.