Making a Bequest
Create a lasting legacy with a bequest
Including the Foundation in your will is a powerful, meaningful way for your legacy to contribute to the continuation and growth of the ministries of United Church of Canada closest to your heart. With the help of your lawyer, the United Church of Canada Foundation can ensure that your estate can help support the ministries you love most.
Connect with the Foundation
We are here to talk to you and help you decide how to make a meaningful contribution to the ministry and work you love. Call the Foundation office at 1-866-340-8223, or fill the form out below.
Why make a bequest to the United Church of Canada Foundation?
A charitable bequest can eliminate significant taxes payable upon your death. Your estate may claim gifts in the year of death equal to 100 percent of your net income in that year and the year preceding death or for up to 36 months after your death.
The Bequest Information Sheet is available for you and your lawyer or notary to review while drafting your will. The Will Workbook is also available to help guide you in your estate planning. Download both of these by clicking the buttons below.
In 1972, W. Norman McLeod did something truly amazing: he created a trust that has been contributing to the post-graduate education of our ordained leaders for nearly 45 years. In the past decade, his scholarship has awarded more than $100,000 to United Church ministers who have furthered their studies in an effort to be more effective leaders in our congregations.
How do I include the Foundation in my will?
The Foundation understands that your will needs to ensure that your family is cared for after your passing. Speaking with your lawyer is an essential first step to altering your will to include a gift to the Foundation. You can also discuss your unique situation with us by calling the Foundation office at 1-866-340-8223.
Life insurance gifts
You may choose to bequeath your life insurance to the Foundation in two ways:
- Designate the Foundation as the beneficiary of your life insurance policy. Upon your death, the Foundation would then receive the proceeds. While this yields no tax credit during your lifetime, it enables your estate to claim a credit on the final tax return after your death.
- Transfer ownership of your policy to the Foundation. The Foundation issues a tax receipt for the cash value of the policy, which is creditable on your current year’s return. If premiums are still owing and you continue to pay them, donation receipts will be issued for those payments as well. This gift must be discussed with Foundation staff in advance.
RRSP, RRIF, and TFSA gifts
It’s easy to donate the proceeds of your Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) or Tax Free Savings Account (TFSA) to The United Church of Canada Foundation. You may designate the Foundation as a contingent beneficiary of your plan. This will ensure that the proceeds of your plan will only flow to the Foundation following the death of your primary beneficiary.
When you designate a charity as a direct beneficiary of registered plans or a TFSA, the charity issues your estate a tax receipt for the full amount being transferred. You can name multiple beneficiaries, including your family and other charities.
This deferred donation is one of the most advantageous because it is not included in your estate and not subject to probate fees when they are directly designated. Your estate (or your spouse’s estate) will receive a tax credit.