Ordinary people can do extraordinary things. You can change the lives of those affected by schizophrenia and psychotic illnesses for generations to come by making a planned gift to the Schizophrenia Society of Ontario. Planning your gift today will provide families and those affected by schizophrenia with hope tomorrow.
Planned giving donors will be recognized through the Legacy of Hope Program. Donors will receive a certificate and annual report listings, as well as special invitations to regional events.
Your will is an important part of your estate planning. It guarantees that your property and assets will be distributed according to your wishes. Click here to read “You and Your Will”, a helpful resource for drafting the document.
Leaving a bequest in your will is an effective way to make a gift. A specific bequest is where a person leaves a specific gift of cash, securities, real estate or other property to a charity. A residual bequest is where a person leaves a percentage of the remaining amount of their estate to a charity, after debt, taxes and any specific bequests are paid out by their estate.
Here is language if you wish to leave a bequest gift to the Schizophrenia Society of Ontario:
I give, devise and bequeath to Schizophrenia Society of Ontario the sum of $_______________ to be used for any purpose(s) approved by the Board of Directors of the Schizophrenia Society of Ontario
Residual % unrestricted:
I give, devise and bequeath to the Schizophrenia Society of Ontario ____% of the residue of my estate to be used for any purpose(s) approved by the Board of Directors of Schizophrenia Society of Ontario
Cash or Securities:
Gifts of cash are available for immediate use in the form of cash, cheque, credit card or pre-authorized contributions paid monthly. They can also be given as a general bequest in your will. Since the federal government eliminated the capital gains tax on gifts of publicly traded securities, giving a gift of stock has become a convenient and tax effective way to support your favourite charity.
RRSPs or RRIFs:
Your retirement funds are amongst the most heavily taxed assets you own. Naming SSO as the partial or full beneficiary of your RRSP or RRIF will offset these taxes at the time of your death. These gifts will pass outside of your estate, so they are protected from probate or creditors.
By naming SSO as the owner and irrevocable beneficiary of a life insurance policy, you can plan a generous gift for some time in the future. If the ownership of the policy is transferred irrevocably to SSO, you may be entitled to some tax benefits during your lifetime.
Charitable Gift Annuity:
You can create a Charitable Gift Annuity and retain the income while appointing SSO as the irrevocable beneficiary. This gift provides a reliable source of lifetime income, (partially, or fully tax free) for you or your spouse. The balance of the fund will be used to support SSO programs and services.
Charitable Remainder Trust:
Assets are irrevocably transferred to a trust for Schizophrenia Society of Ontario, while you are alive or in your will at your death. Income from the capital is paid to the beneficiaries during their lifetimes. The remainder interest becomes the gift. The Charitable Remainder Trust generates an immediate tax receipt, and allows the donor to use the annual income for life, or a specified period of time.
*Please note: Information presented here is not intended to take the place of a consultation with a lawyer or financial planner. If you are considering a planned gift, please call SSO at 1-800-449-6367, email us at firstname.lastname@example.org or consult a lawyer or financial planner. If you have already planned a gift for SSO, please let us know so we may recognize your generosity.