Leave a Legacy
Including Empowerment Squared in your will is a way to make a lasting difference to a cause that matters to you. It is a way to ensure your memory lives on, to ensure that your favourite charity is able to continue its important work, and will provide a way to ease the tax implications that come with the transfer of your estate to surviving relatives.
When planning your Will, it’s important to decide your personal goals and the needs of your beneficiaries. With the help of an advisor, you can include language in your Will specifying what gifts are to be made to family members, friends or Empowerment Squared as part of your estate plan.
There are many types of legacy giving, and every gift is eligible for a tax credit for estate tax purposes.
Charitable bequests can take many forms and often consist of cash, property and/or securities like stocks, bonds and mutual funds.
Specific/legacy bequests designate an exact dollar amount, percentage or particular asset, such as the stock of a certain company, to be donated to Empowerment Squared.
Making a gift of your retirement plan savings (RRSPs or RRIFs) can reduce the taxes on your estate and protect its value for your heirs. It also enables you to make a significant impact on your community, locally and internationally.
A donation of securities or mutual fund shares is the most efficient way to give charitably. With a donation of securities or mutual funds, capital gains tax does not apply, allowing you to give more and avoid paying capital gains taxes.
A gift of life insurance allows you to make a significant donation to Empowerment Squared at a relatively low cost while protecting the value of your estate for your heirs and possibly saving on taxes.
We are committed to working with you, your family and your financial advisor to ensure your philanthropic and financial goals are met. If you have questions about making a planned gift to Empowerment Squared, please contact Lisa-Marie Smith, Manager, Major Gifts at 905.393.5370.
If you are in the process of creating or updating your will, here are a few important details that you will need to know:
Legal name: Global Citizens Care for Underprivileged and Refugee Empowerment Inc. o/a Empowerment Squared
Charitable Tax Number: 806582896RR0001
Address: 103-162 King William St., Hamilton ON L8R 3N9
Sample statement to be added in your will:
“I (your full name) bequeath to the Global Citizens Care for Underprivileged and Refugee Empowerment Inc. o/a Empowerment Squared of 103-162 King William St., Hamilton ON ______% of the residue (or a specific amount) of my estate for its own sole and only use absolutely.”