Charitable Bequest
LEGACY
More ways to give.
Many Canadians support charitable organizations through future gifts from their estates. A Charitable Bequest is a direction in your Will that instructs your Executor(s)/Trustee(s) to leave all or a portion of your assets to a charitable organization(s). A Charitable Bequest is a meaningful way to support CIFAR while helping you achieve significant tax savings for your estate, increase inheritances to your loved ones, and make a difference.
Easy
A Charitable Bequest can be made no matter your age and can be for any amount you wish. Simply instruct your lawyer or notary to include a bequest to CIFAR in your will.
Control
You retain use of the charitable gift asset for the duration of your lifetime.
Satisfaction
Planned gifts are made for personal reasons in addition to ensuring that CIFAR continues to dedicate itself to building global research networks that create ideas that can change the world. As well, your bequest can create a lasting memorial for you, your family or anyone you may wish to honour.
Cost-effective
There are no extra out-of-pocket costs. Your present income will not decrease.
Tax Planning
CIFAR will issue a charitable tax receipt for the full value of your bequest, increasing inheritances to your loved ones.
Flexible
Your bequest can be for a specific amount, a percentage of your estate, or the residue of your estate.
PLAN YOUR GIFT
What are the next steps?
CIFAR strongly recommends you seek professional advice to ensure your financial goals are considered, your tax situation is reviewed, and your planned gift is tailored to your circumstances. CIFAR recommends you consult your lawyer, notary, or estate planner regarding the specific wording of any Charitable Bequest.
For the greatest flexibility in meeting urgent needs, CIFAR prefers bequests to be unrestricted. However, if you wish to designate your gift, we are happy to discuss that option with you. To enable us to use designated bequest funds as intended yet accommodate the unforeseen, please consult our .
For further information, please email legacy@cifar.ca and a member of our team will be pleased to assist you.