A gift in your will reflects not only foresight and careful planning, but also a desire to make a lasting difference in the community. By considering a legacy gift to the WoodGreen Foundation, you can help us build a healthier and more equitable city, where everyone has an opportunity to thrive.
Your gift can be for a specific amount, a percentage, or the residue of your estate; you can also bequeath real property or securities. Most legacy gifts are bequests: gifts established in your will. Such a gift would allow your estate to realize tax savings in the future. Usually, these gifts enable supporters to make a more substantial contribution than might be possible during their lifetimes. That means a gift in your will would have a deep impact on the future of WoodGreen and the communities we serve.
What are your next steps?
1. Create a will that reflects your wishes. You can make your bequest in honour or in memory of someone special.
2. If you already have a will and are considering a bequest to the WoodGreen Foundation, the easiest and least expensive way to make a small change in your existing will is to add a codicil. The codicil will retain all the provisions of your will, except those that are modified by this addition.
3. Make an appointment with your lawyer to draft or revise your will. Your lawyer will help you with the key information and details. The WoodGreen Foundation has sample wording available to assist you and your lawyer.
4. Please contact the WoodGreen Foundation to inform us of your intentions.
After first taking steps to ensure your loved ones and heirs are cared for through your estate, making a bequest gift to The WoodGreen Foundation can be a truly exceptional way to create a legacy.
Gifts made by will are deemed to have been made in the year of death. Therefore, the estate receives the charitable tax credit and can offset any tax owing.
How to create a bequest for the WoodGreen Foundation
Step 1: Decide if creating a bequest in your will is right for you. Determine the type of gift and amount you wish to give and if you would like to have it used for WoodGreen’s area of greatest need or for a specific program.
Step 2: Contact your lawyer and request that they include a codicil in your will that establishes a gift for The WoodGreen Foundation. Provide your lawyer with the legal name and address of the WoodGreen Foundation as follows:
The WoodGreen Foundation
815 Danforth Ave., Suite 402 Toronto ON M4J 1L2
Your lawyer will handle the remaining details. Many lawyers will include a codicil in your will without cost.
Step 3: If you feel comfortable, contact us to inform us of your planned gift so that we can express our gratitude.