A gift in your will, also known as a charitable bequest, is a future gift that does not cost you anything in your lifetime. To make a bequest, you do not have to re-write your existing will. The bequest can be made through a simple addition called a codicil.
You can leave a gift to the Discovery Centre in your will in several ways:
- Leave a percentage of your estate
- Leave a specific dollar amount
- Leave a residual bequest: A share of the remainder of your estate after other needs have been met
- Leave a contingent bequest: A share of your estate after your other beneficiaries have passed on
Your gift can be designated to any area of the Discovery Centre. When you arrange a gift in your will, your estate will receive a tax credit that your executor may use to offset income taxes owing on your tax return.
To learn more about arranging a gift in your will, please contact:
Wes Guthro, Director of Partnerships
All discussions are strictly confidential and do not require any commitment on the part of the donor. It is always important to consult a qualified tax consultant or chartered accountant when determining the best strategy for your particular tax situation.