Bequest - Leaving A Legacy
A bequest to The Friends of Algonquin Park (FOAP) through your will is creating a lasting legacy. It is simple to execute and does not require any funding during your lifetime. Your bequest can be for a specific amount, a percentage of your estate or the residual of your estate. FOAP will issue a tax receipt for the full value of your bequest. This receipt will be used as a tax credit to reduce the tax payable on your final return and can be carried back to the previous tax year if the total exceeds 100% of your net income. This process provides peace of mind as you are in control of the gift and can change your will at any time. Your bequest will symbolize a lasting memorial for you and your family.
Sample Bequest Language
This bequest language is for a general donation which will be used where it is most needed.
"I give, devise and bequeath to The Friends of Algonquin Park, Whitney, Ontario, the sum of $_____ (or a description of a specific asset) for the benefit of The Friends of Algonquin Park and its general purpose."
"I give, devise and bequeath to The Friends of Algonquin Park, Whitney, Ontario, the sum of $_____(or a description of a specific asset) for the benefit of The Friends of Algonquin Park to be used for the following purpose: (state the purpose). If at any time in the judgment of the Board of Directors it is impossible or impracticable to carry out exactly the designated purpose they shall determine an alternative purpose closest to the designated purpose."
"All (or a specific % of) the rest, residue and remainder of my estate, both real and personal, I give to The Friends of Algonquin Park, Whitney, Ontario for its general purpose."
For more information or to discuss your bequest, please contact:
The Friends of Algonquin Park
Whitney, Ontario K0J 2M0
Phone: (613) 637-2828 ext. 239
Fax: (613) 637-2138
- Gift of Real Estate
- Residual Interest
- Registered Assets
- Charitable Remainder Trust
- Gift of Life Insurance