We noticed you're using an older browser.

If you have trouble accessing the referral forms please click HERE and for the best experience we suggest using one of the following options:

Dementia-Society-Logo-2020
Dementia-Society-Logo-2020

legacy giving

Legacy giving is a way for you to make a significant impact for future generations. Your gift enables you to make a difference in many lives while receiving tax benefits that, in some instances, can reduce the out-of-pocket cost of each gift significantly. These can include gifts of bequests, gifts of life insurance, RRSPs and RRIFs, stocks and securities, gifts-in-kind, and charitable remainder trusts.

If you are considering a legacy gift, we recommend you do so in consultation with your financial planner and/or legal counsel, plus your family. The staff at The Dementia Society of Ottawa and Renfrew County are also available to provide assistance.

For further information, please contact:

The Dementia Society of Ottawa and Renfrew County
613-523-4004 (toll free 888-889-6002)
donation@dsorc.org

Ways to Give

Bequest

A gift in you will is a wonderful vs effective? way to create a lasting legacy of caring that will live on to support generations to come.

There are two different types of possible bequests:

  • Gift of Residue: Give a percentage of the residue of your estate; and
  • Specific Bequest: Set aside a certain dollar amount or a specific piece of property such as an investment account or a particular stock.

As part of making your will, or revising an existing will, please consult with a lawyer and family representatives. In order to leave a charitable gift through your will, it is important that you include the full legal name of the charity.

Our Legal Name: The Dementia Society of Ottawa and Renfrew County
Our Address: 1750 Russell Road, Suite 1742, Ottawa, ON K1G 5Z6
Our Charitable Registration Number: 11878 5013 RR0001

The paragraphs below provide sample language which may be helpful to you and your lawyer as you make or revise your will.

Residual Bequest for The Dementia Society of Ottawa and Renfrew County future greatest needs:
I give to The Dementia Society of Ottawa and Renfrew County _____% of the residue is it residue or residual of my estate to be used for the greatest needs of the Society.

Bequest of a specific amount for The Dementia Society of Ottawa and Renfrew County future greatest needs:

I give to The Dementia Society of Ottawa and Renfrew County the sum of $______ from my estate to be used for the greatest needs of the Society.

Note: While a gift for our greatest needs allows us to direct your gift to the priority needs of The Dementia Society of Ottawa and Renfrew County at the time your estate gift is received, if you prefer to designate your gift to a specific program, please discuss your wishes with us. We will gladly ensure your intentions are clearly communicated. As well, since it is difficult to predict future circumstances, we recommend you include the following “power to vary” paragraph in your Will.

Specific designation:
I give to The Dementia Society of Ottawa and Renfrew County______% of the residue or residual of my estate to be used for _______________________________ at the Society.

Power to Vary:
If in the opinion of the Board of Directors of The Dementia Society of Ottawa and Renfrew County, it should become impossible, inadvisable, or impractical to use this gift for the specified purposes indicated in this my will, then the Board may in its discretion use the gift to the best advantage of The Dementia Society of Ottawa and Renfrew County, keeping in mind my original wishes.

Please contact us to learn more. Thank you!

While we are not able to provide individual legal or accounting advice to individuals who are contemplating a charitable gift in their will, we welcome an opportunity to discuss your intentions for your future gift and to provide additional information about The Dementia Society of Ottawa and Renfrew County.

Thank you for considering a future gift for The Dementia Society of Ottawa and Renfrew County!

Life Insurance

Designating a charity as the beneficiary of an existing or new life insurance policy is an effective way to create a lasting legacy of caring that will live on to support future generations.

Other benefits of making a gift of life insurance:

  • Create tax benefits either now or for your estate (depending on how your gift is arranged) and,
  • Fund a significant legacy gift by investing a small to moderate number of personal assets.

In order to make a gift of life insurance, done in consultation with your family, contact your insurance agent or financial planner as well as, The Dementia Society of Ottawa and Renfrew County. Working together, we will arrange a gift of insurance that best suits your estate planning priorities. You may already own a life insurance policy which would make a suitable gift or you may wish to purchase a new policy.

To make a beneficiary designation on a life insurance policy, it is important that you include the full legal name of the charity.

Our Legal Name: The Dementia Society of Ottawa and Renfrew County
Our Address: 1750 Russell Road, Suite 1742, Ottawa, ON K1G 5Z6
Our Charitable Registration Number: 11878 5013 RR0001

Options to Consider:
You may designate The Dementia Society of Ottawa and Renfrew County as the beneficiary of an existing life insurance policy. When we receive payment from the insurance company, on the policy, we will issue a charitable tax receipt to your estate.

Alternatively, you may transfer ownership of an existing or new policy to The Dementia Society of Ottawa and Renfrew County, provided the policy is a whole life or universal life policy and provided that the Society has agreed to accept the policy as a gift. Once the policy is transferred, we will issue a charitable tax receipt to you, each year, following your payment of the annual insurance premium. (We may also be able to issue a charitable tax receipt for the cash surrender value of an existing policy at the time it is transferred to us.) Under this scenario, a tax receipt would not be issued to your estate following death.

Note:

  • The Dementia Society of Ottawa and Renfrew County does not sell life insurance policies nor do or can we accept all policies offered to us as gifts.
  • Please speak with your life insurance agent or financial planner to ensure you understand how your intended gift of a life insurance policy will impact your estate and your current tax status.

Please contact us to learn more. Thank you!

While we are not able to provide individual legal or accounting advice to individuals who are contemplating a charitable gift in their estate plans, we welcome an opportunity to discuss your intentions for your future gift and to provide additional information about The Dementia Society of Ottawa and Renfrew County.

Thank you for considering a future gift for The Dementia Society of Ottawa and Renfrew County!

RRSPs and RRIFs

Many Canadians are surprised to learn that the assets held in a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) become fully taxable income to a person’s estate in his or her year of death. The income inclusion often creates a large tax bill. If the estate can transfer the account balance to a spouse, a dependant, or disabled child, the large tax bill may be postponed. Alternatively, leaving the RRSP or RRIF to a charity will produce a charitable receipt which will offset the tax burden on the donor’s estate.

Speak with your accountant or financial planner to learn specific details of how your assets will be taxed at death.

Benefits of making a gift of RRSPs or RRIFs
If you name The Dementia Society of Ottawa and Renfrew County (our legal name) as the direct beneficiary of a RRSP or RRIF, your estate is entitled to a donation receipt for the amount paid out on death. As this asset usually passes directly to the Society, probate taxes can be avoided and the risk of creditor claims can be minimized.

  • You may designate 100% of your registered account to a charity, such as The Dementia Society of Ottawa and Renfrew County.
  • You may divide your registered retirement account amongst several charities by leaving a specific percentage to each named charity (ensuring that all percentages added together total 100%.)
  • You may divide your registered retirement account amongst charities and individuals – friends or family members – by leaving a specific percentage to each. (Again, ensuring that all percentages added together total 100%.)

In order to make a charitable gift through a beneficiary designation for your RRSP or your RRIF, you will need to contact your plan holder – the institution holding your registered retirement account: your bank, investment firm, trust company or insurance company. The plan holder will provide you with the correct beneficiary designation form for your account. (In a few cases, you may be asked to revise your will in order to make a beneficiary designation.) To make a beneficiary designation it is important that you include the full legal name of the charity.

Our Legal Name: The Dementia Society of Ottawa and Renfrew County
Our Address: 1750 Russell Road, Suite 1742, Ottawa, ON K1G 5Z6
Our Charitable Registration Number: 11878 5013 RR0001

Please contact us to learn more. Thank you!

While we are not able to provide individual legal or accounting advice to individuals who are contemplating a charitable gift of RRSPs or RRIFs, we welcome an opportunity to discuss your intentions for your future gift and to provide additional information about The Dementia Society of Ottawa and Renfrew County.

Thank you for considering a future gift for The Dementia Society of Ottawa and Renfrew County!

Trusts

Charitable remainder trusts offer you a guaranteed lifetime income and substantial, immediate tax savings – while supporting the valuable work at the Dementia Society of Ottawa and Renfrew County.

How to set up a trust
You can create a charitable remainder trust by irrevocably transferring assets (usually cash) to a trust and then naming The Dementia Society of Ottawa and Renfrew County as the recipient of these assets upon your passing.

You or another beneficiary will receive the income earned by the trust on these assets during your lifetime or the other beneficiary’s lifetime. After that time, the capital goes to The Dementia Society of Ottawa and Renfrew County. Since the capital of the trust (the original amount you contributed) is not accessible, you are also entitled to an immediate tax receipt for the present value.

Benefits of setting up a trust

  • You are entitled to a donation receipt that can be used to reduce your taxes
  • You retain the income generated by the property
  • You are free from investment decisions
  • Probate and other estate costs can be avoided
  • As the assets pass outside of the estate, they are not normally subject to challenge

Thank you for considering a future gift for The Dementia Society of Ottawa and Renfrew County!

CONNECT WITH COACH
MAKE A REFERRAL
For Professionals
INVITE A SPEAKER
VOLUNTEER
Submit a Form
heartchevron-downarrow-circle-upmagnifiercrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram