Planned Giving

Leadership Giving | Women’s Leadership Council | Making a Gift of Securities
No one should overlook the importance of making a will.
A carefully drafted will ensures the financial security and well-being of your loved ones. It is a planning tool that you can use to determine which people and organizations will benefit from your estate, who will handle distribution, and who is to be guardian and trustee for those you love.
Without a will, the government distributes your estate according to a legal formula. Taxes and administration costs can reduce the value of your estate, and the settlement may not reflect your wishes or the needs of your family and friends.
In drafting or revising your will, the needs of your family should be your primary responsibility. However, there may also be an amount that can be allocated from your estate for charitable purposes and allow you to perpetuate a lifetime of giving.
Please see below for bequest options and sample wording.

We’re here to help

If you would like to learn more about including United Way in your will or how you can integrate United Way in your estate plans, please contact us at plannedgiving@uwyr.on.ca or by phone at (905) 474-9974 ext. 240. Please know your privacy is very important to us and all information will be kept confidential.

Thank you for helping United Way to create opportunities for a better life for everyone. With your help, we are meeting urgent human need in our region. We are also addressing the root causes of social issues before they become problems in the first place. Your support provides hope and dignity to not only individuals, but whole communities.


Bequest Options and Sample Wording

There are several options you might consider when making a bequest to United Way in your will. You can specify a dollar amount, a specific property, a percentage of your estate, or the portion that remains after you have provided for your family. You may also name United Way as a residual beneficiary in the event others you have named do not survive you.

1. A specific amount of money or property
United Way can be named in your will to receive a specific amount of cash, or property such as an art collection, a home, parcel of land, etc.

i) Specific amount bequest
“I direct my Trustees to pay or transfer the sum of $… to United Way of York Region

ii) Gift of real property
“I direct my Trustees to transfer and convey all my interest in real property (…description) to United Way of York Region.”

2. Percentage of your estate
Distribution of your assets can be arranged on a percentage or share basis. The bequest then remains in the same proportion to each other, despite fluctuations in the value of your estate from time to time. This is an especially important concept in a time of stock market volatility.
“I direct my Trustees to pay or transfer….% of the residue of my estate to United Way of York Region.”

3. Residual bequest
Whatever property remains in your estate after debts and testamentary expenses are paid, and after specific bequests under your will have been fulfilled, is known as the residue of your estate. You can leave all or part of the residue of your estate to United Way under your will.
“I direct my Trustees to pay or transfer the residue of my estate to United Way of York Region.”

4. Double-purpose bequest
A sum of money can be directed to be held in trust under a will. The income from such a trust can be paid to a spouse or other beneficiary and the capital of the trust can be paid to United Way of York Region upon the death of your spouse or other beneficiary. Wording will vary according to the trust agreement.

Download and print a bequest information sheet (pdf).

 

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