Your legacy gift helps to provide the ministries of the Church of the Holy Saviour with a sustainable resource that will be used to enhance our ministries now and in the future. Remember the Church of the Holy Saviour in your will, along with loved ones and others who have given your life meaning. This is one of the simplest and most flexible ways to create a lasting legacy
A bequest is a lasting gift from the heart with practical benefits to your surviving heirs. Your estate receives a tax receipt for the full amount of the donation, which may offset capital gains or other taxes due. You may designate the gift to specific ministries, or allow the church to put it to work where it is most needed at the time.
Bequests may come in the form of a percentage of your estate, specific cash amount, property, securities, or other assets. A charitable bequest has no effect on you financially in your lifetime.
All it takes is a simple clause in your will to leave a gift demonstrating your commitment to the work of the Church of the Holy Saviour — and continue transforming lives long after you have gone. Your lawyer can include a simple clause naming the Church of the Holy Saviour as a beneficiary. If you already have a Will, the easiest, least expensive way to include a bequest is to add a codicil, where you specify your gift and name the Church of the Holy Saviour as beneficiary. The provisions of your existing will remain unchanged.
Note: A codicil is often added after the completion of a Will. The testator (the person making the will) may have a change of heart regarding a specific bequest, the division of their property, or inclusion or exclusion of someone to the Will. In this case, the testator may execute a codicil, an amendment, to the Will. (from canadalegal.com)
Proper wording is vital to the validity of a bequest. The Church of the Holy Saviour recommends the following will clauses for your use:
Specific amount bequest:
“I DIRECT my trustee(s) to pay the sum of _________ DOLLARS ($__________ ) to THE CHURCH OF THE HOLY SAVIOUR, currently located at, 33 Allen Street East, Waterloo, Ontario, Canada, N2J 1J1, for its *general purposes. The receipt of an appropriate officer of the Church of the Holy Saviour shall be a sufficient discharge of my Trustee(s).”
*general purposes – should you want to leave a designated gift to the Church of the Holy Saviour, please let us know, allowing us to suggest wording that ensures clarity in intention and effective use of the gift.
Residual bequest:
“I DIRECT my trustee(s) to pay (insert number that equates to percentage) parts of the residue of my estate to CHURCH OF THE HOLY SAVIOUR, currently located at, 33 Allen Street East, Waterloo, Ontario, Canada, N2J 1J1, for its *general purposes. The receipt of an appropriate officer of the General Synod of the Anglican Church of Canada shall be a sufficient discharge of my Trustee(s).”
*general purposes – should you want to leave a designated gift to the Church of the Holy Saviour, please let us know, allowing us to suggest wording that ensures clarity in intention and effective use of the gift.
The decision to leave a gift in your will to the Church of the Holy Saviour may take place at any stage in your life. Talk to your family; talk to your financial planner and talk to us.
There are numerous options for legacy gifts. We encourage you to consult with your legal and financial advisors to consider all the relevant issues and income tax provisions.
Thank you for helping ensure the future of the Church of the Holy Saviour.
Should you decide to leave a gift in your will, please email office@holy-saviour.on.ca to share your wonderful news.
Our legal name is “CHURCH OF THE HOLY SAVIOUR"
Our Charitable Number is 106925902RR0002
Our address is 33 Allen Street East, Waterloo, Ontario, Canada, N2J 1J1