Imagine every child in Canada being safe, secure, loved, educated, and flourishing in a positive environment. We do.
A study of children in the care of the Children’s Aid Societies revealed that these children were on average 1-2 grade levels behind their peers, suspended much more frequently, and unlikely to continue on to post-secondary education. By establishing a legacy gift, you can have a lasting impact on the work of the Children’s Aid Foundation while allowing us to build brighter futures for the young people we serve. Legacy giving is a meaningful way for you to make a difference and ensure that our most vulnerable children and young people will be supported for years to come.
Creating an endowment fund with the Children's Aid Foundation ensures that our kids will perpetually be the beneficiaries of your extraordinary generosity.
With a minimum gift of $100,000, you will be providing much-needed support for the most urgent needs of Canada's most vulnerable children and youth year after year. Your endowment fund can be in support of the greatest needs of our kids, or can be directed toward one of the Foundation's programs in the following areas: Crisis & Permanence; Identity, Equity & Inclusion; Education; Youth in Transition; and Health and Well Being.
Through this long-term investment, you will have a significant impact on the future of Canada's most vulnerable children and youth.
For more information on setting up an endowment fund, please contact:
Senior Development Officer
Phone: 416-923-0924 x259
- What is a bequest?
A bequest is the legal name for a gift made within the provision of your will.
- How will I benefit from making a gift to the Children’s Aid Foundation?
Your bequest will lessen your estates taxes upon your passing, which will leave more of your estate to be shared by your beneficiaries. Your estate will receive a tax receipt for the amount of your gift, and has the potential to reduce your taxes in the final return by up to 100% of your income in the year of death.
As well, a tax receipt for the value of your bequest will also assist in offsetting any tax on capital gains your estate may have from capital assets such as real estate or securities, if these assets have increased in value during your lifetime.
Most importantly, you will have the satisfaction of knowing that by having made a gift in support of abused and neglected children, you have created a legacy for the children we serve and have gave hope for their future.
- What types of property can be included in a bequest in a will?
A bequest can include any type of property, such as a sum of money, personal property or real estate. A bequest may also be a percentage of your estate, a portion of your estate once other bequests to loved ones are made, or it may be contingent upon surviving loved ones.
- What types of bequests are there?
Specific Bequest - A specific bequest is the name given to a gift within a will, of a certain amount of money, a piece of property, securities or other assets.
Example: “…to give to the Children’s Aid Foundation, the sum of $ 5,000 for its general purposes.”
Residual Bequest - A residual bequest is the name given to a gift in your will of a portion, or all of the remainder of your estate, after the other bequests to loved ones have been made, and all debts have been paid.
Example: “…to give the rest, residue and remainder of my estate, to the Children’s Aid Foundation, for its general purposes.”
Contingent Bequest - A contingent bequest is the name given to a gift in a will that occurs only in the event that you are not survived by the other beneficiaries named in your will. These types of bequests are usually written to name the Children’s Aid Foundation as an alternative beneficiary where it is not certain that your gift to your original beneficiary(ies) may be carried out. For example, you would name the Children’s Aid Foundation as the beneficiary in the event of a common disaster, or where there are no relatives.
Example: “…to pay to my cousin John Smith, the sum of $ 5,000; provided that in the event my said cousin should predecease me, to pay the said sum to the Children’s Aid Foundation, for its general purposes.”
Bequest Subject to a Trust - A bequest subject to a trust, refers to a gift in a will made through a trust whereby a named beneficiary receives income for life, and upon his/her death, all the remaining property is transferred to the Children’s Aid Foundation.
Trusts that are established within a will are called testamentary trusts. Testamentary trusts may be an attractive planning option if you wish to provide income for life for a loved one following your death, while at the same time providing a gift to the Children’s Aid Foundation.
- Can my bequest to the Children’s Aid Foundation be designated for a specific purpose?
The mission of the Children’s Aid Foundation is to improve the lives of abused and neglected children through prevention, enrichment and education. The Children’s Aid Foundation would be pleased to discuss options with you to designate your gift to funding programs within these three funding priorities.
- Should I notify you of my gift/intention to leave a bequest in my will to the Children’s Aid Foundation?
Yes! Please notify the Children’s Aid Foundation of your gift so that we can thank you. Through our Guardian of Hope Circle, the Children’s Aid Foundation would like to recognize you, and all of its generous friends who have included the Foundation in their estate plans through a bequest or other planned gift.
Before you make a donation, we strongly encourage you to seek independent, qualified advice from your accountant, estate planner, lawyer etc., on the appropriateness of doing so.
Click here to download the Charitable Bequest Confirmation Form.
- How do I make a bequest to the Children’s Aid Foundation?
- Contact your lawyer, and advise him/her about your desire to make a will or update your will to include a gift to the Children’s Aid Foundation. Your lawyer will be able to provide you with independent advice regarding your estate and will recommend options for your intended gift to the Children’s Aid Foundation, which will be best suited to your needs, and the needs of your loved ones.
- Please contact Angie Docking (416-923-0924 x230 or email@example.com) at the Children’s Aid Foundation, who will provide your lawyer with our correct legal name, and answer any detailed questions they may have.
- Your lawyer will ensure that your will, or codicil (amendment) to your existing will, is properly prepared, signed and witnessed.