Legacy Giving & Estate Planning
Make at difference in someone's life with the gift of support.
Tribute Gifts in Honour Or in Memory
Making a donation in the name of a friend or family member is a lasting and meaningful way to let others know you care about the issues of accessible mental health care and trauma recovery. You may wish to make a donation in memory of a loved one, or in honour of someone on a special occasion or as a note of thanks for a helpful act in a moment of compassion, or a kind word.
A Gift Notification card will be sent to the person or family to acknowledge your thoughtful gift. Your charitable tax receipt, accompanied by a letter of thanks, will be sent to you shortly afterwards.
For a tribute gift or donation please contact us or make a donation online HERE.
Making a Bequest
A bequest or gift by will is a simple and thoughtful way to leave a personal legacy, representing your life and values. Whether it is a set dollar amount or a percentage of your estate, a bequest in your will to Trauma Practice for Healthy Communities can allow you to make a difference.
Your estate will be entitled to a donation receipt for the full value of the bequest, which may dramatically reduce taxes payable by your estate.
Your estate can claim donations for income tax purposes of up to 100% of the net income in the year of death, and any excess amount can be carried back one year.
A bequest is revocable and can be changed if your financial situation changes.
Making a bequest is simple. If you have already prepared your will, you can update it with a Codicil, a supplementary paragraph added to the existing will, describing your gift intentions.
If you have not yet prepared a will, we recommend you do so soon. This is an important first step to ensure that your intentions for your estate are documented.
You may make a specific bequest, which means a specific gift amount will be bequested to Trauma Practice, or you may make a residual bequest, which means that you designate all or a percentage of the remaining portion of the estate to Trauma Practice, after debts, taxes, and administrative expenses have been paid.
It is important that you consult with a lawyer when drafting your will as well as regularly reviewing and updating it when your circumstances change.
Our Legal Name and Contact Information:
Our legal name is: Trauma Practice for Healthy Communities
Our charitable registration number is: # 756126694RR0001
Trauma Practice for Healthy Communities
703-4789 Yonge Street
Toronto, Ontario, M2N 0G3
Sample Wording for your Will
Sample language for including a gift in your Will to Trauma Practice for Healthy Communities.
To give a specific amount
“I give the sum of ___________ in cash to TRAUMA PRACTICE FOR HEALTHY COMMUNITIES (Charitable Organization Number: # 756126694RR0001) to be used where it is needed most.”.
To give a percentage of the estate
“I give to TRAUMA PRACTICE FOR HEALTHY COMMUNITIES (Charitable Organization Number: # 756126694RR0001) ____ % of the rest, residue and remainder of my estate to be used where it is needed most.
Power to Vary Provision
In order to ensure that your contribution is utilized according to your wishes with the maximum amount of flexibility, please consider including this “Power to Vary” provision:
“If, in the opinion of the Board of Directors of TRAUMA PRACTICE FOR HEALTHY COMMUNITIES (Charitable Organization Number: # 756126694RR0001), it should become impossible, inadvisable, or impractical to use this gift for the purposes of supporting _______________________, then the
Board may in its discretion use the gift to the best advantage of TRAUMA PRACTICE FOR HEALTHY COMMUNITIES (Charitable Organization Number:# 756126694RR0001), keeping in mind the original wishes of the donor.”
Consult a Professional Advisor Before Giving
The information provided in this document is general in nature. It is the policy of Trauma Practice for Healthy Communities that our supporters seek independent counsel before making a planned gift.