Leave a Lasting Impact
Consider a Legacy Gift to Olive Tree Foundation
What is a Legacy Gift?
A legacy gift, also known as a bequest, allows you to make a future donation to a cause you care about, like Olive Tree Foundation. These gifts are typically designated in your Will, a legal document outlining how your assets will be distributed after your passing. It also allows you to specify how your loved ones and dependents will be cared for.
Make a Difference While Caring for Your Loved Ones
Many Canadians dedicate themselves to a worthy cause throughout their lives. A legacy gift allows you to make a significant contribution beyond what you might think possible, without impacting your current financial situation or your loved ones' inheritance. Even a small portion of your estate can make a lasting impact on future generations through Olive Tree Foundation.
How to Include Olive Tree Foundation in Your Will
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Percentage of your estate: Donate a specific percentage of what remains after debts and other bequests are settled.
Residual gift: Donate what remains after all other bequests are fulfilled.
Specific sum of money: Donate a fixed dollar amount.
Tangible asset: Donate a piece of property, jewelry, or artwork.
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Maintain control of your assets during your lifetime.
Make a substantial contribution with minimal impact on your loved ones' inheritance.
Potentially reduce estate taxes.
The flexibility to modify your bequest if your circumstances change.
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To assist your lawyer, here's a sample bequest clause you can use:
“To pay to Olive Tree Foundation (Canadian charitable registration number: 85733 4700 RR0001) % of the residue of my estate [or the sum of $_____]. This gift is to be used for such purposes and designs as deemed appropriate by the Olive Tree Foundation.”
Important Information for Your Lawyer
Our legal name: Olive Tree Foundation
Charitable registration number: 85733 4700 RR0001
Address: 7025 Markham Road, Suite 205, Markham, ON L3S 0C3
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Discuss your wishes with your family and loved ones.
Consult your lawyer to draft or update your Will or add a codicil (an amendment).
Let Olive Tree Foundation know about your generous gift. We appreciate your support and will ensure your privacy is respected.
Please note: This information is for general guidance only and does not constitute legal or financial advice. We recommend consulting with a professional legal, estate planning, or financial advisor before finalizing your decisions.
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