What are the benefits?

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Reduce estate taxes,

Your estate will be entitled to a donation receipt for the full value of the bequest, which may dramatically reduce taxes payable by your estate.

 

Claim donations towards income taxes

Your estate can claim donations for income tax purposes of up to 100% of the net income in the year of death, and any excess amount can be carried back one year.

 

No capital gains

If the bequest is funded with publicly-listed securities, there will be no capital gains tax payable on the securities donated, under current legislation.

 

Changeable

A bequest is revocable and can be changed if your financial situation changes.

Your lasting legacy

A bequest is your lasting legacy, letting others know what was important to you. Donors are also invited to receive recognition today for your future commitment to Recovery Acres (Calgary) Society

 

How do I make a bequest?

Making a bequest is simple. If you have already prepared your will, you can update it with a codicil, which is a supplementary document added to the existing will, describing your gift intentions.

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If you have not yet prepared a will, we recommend you do so as soon as possible. This is an important first step to ensure your intentions for your estate are documented and your family and loved ones are taken care of, properly.

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You may make a specific bequest to Recovery Acres (Calgary) Society to identify a defined gift amount, or you may make a residual bequest, which means that you designate all or a percentage of the remaining portion of the estate, after debts, taxes, and administrative expenses have been paid.

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It is important that you consult with a lawyer when drafting your will, as well as updating it when your circumstances change.

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If you plan to include a bequest in your will for Recovery Acres (Calgary) Society

please include: Our legal name: Recovery Acres (Calgary) Society
Charitable Registration Number: 11911 1961 RR0001

Recovery Acres (Calgary) Society

1835 27 Avenue SW

Calgary, AB

 

 

Additional information

Sample wording for including a gift in your will to Recovery Acres (Calgary) Society

When planning your individual estate, Recovery Acres (Calgary) Society recommends that you consult with your professional advisor to maximize your individual estate tax plans.  We would be pleased to meet with you and/or your advisors to provide additional information or a sample financial illustration tailored to your needs.

 

The following will clauses can be provided to your lawyer when arranging a bequest gift to Wellspring:

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To give a specific amount

“I give the sum of $_____ in cash to Recovery Acres (Calgary) Society (Charitable Registration Number: 11911 1961 RR0001) to be used where it is needed most.”

To give a percentage of the estate

“I give to Recovery Acres (Calgary) Society (Charitable Registration Number: 11911 1961 RR0001) ____ % of the rest, residue and remainder of my estate to be used where it is needed most to fulfill its mission.

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To give a specific asset, such as shares in a company:

“I give to Recovery Acres (Calgary) Society Charitable Registration Number: 11911 1961 RR0001), ___ shares of COMPANY-NAME, to be used where it is needed most to fulfill its mission.”

To designate your gift for a specific program:

“I give to Recovery Acres (Calgary) Society (Charitable Organization Number: 11911 1961 RR0001), the sum of $________ to be used in support of (for example) “CARE for Women Programs.”

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Power to Vary Provision

In order to ensure that your contribution is utilized according to your wishes with the maximum amount of flexibility, please consider including this “Power to Vary” provision:

“If, in the opinion of the Board of Directors of Recovery Acres (Calgary) Society (Charitable Organization Number: 11911 1961 RR0001), it should become impossible, inadvisable, or impractical to use this gift for the purposes of supporting _______________________, then the Board of Directors may in its discretion use the gift to the best advantage of Recovery Acres (Calgary) Society (Charitable Organization Number: 809013675RR0001), keeping in mind the original wishes of the donor.”

 

Call Our Development Team at (403) 245-1196 or email info@recoveryacres.org