Often the people we meet have a cause they are passionate about. They make the world a better place, through monthly donations or as volunteers. But what is the best way to make a difference when you are gone? If you are one of those people, the logical next step may be to leave a gift to charity in your will.
You may be surprised to learn how big a contribution to shaping the future is possible, with a gift in your will of only 1% of the estate. You are still leaving 99% to support your loved ones. In this way, you are doing more to help than you ever thought possible, simply by giving in a different way.
Here are a few tools you can use to get started with thinking about leaving a gift in your will: *
- Estimate your gift. Consider how much you want to give, using this Legacy Calculator tool.
- Get inspired. Consider what purpose you want to support, using your will to do good and make a lasting difference in the world. Need some ideas? Take a look at some donor stories.
- Keep the love going. Find out what specifically your gift could accomplish at your chosen charity. Perhaps you could help preserve a natural area, research a cure, start a scholarship, or create an arts endowment. This Charity Finder tool allows you to search by cause and location, and explore ideas.
*tools provided by Will Power, a Canadian public education campaign about charitable giving.
The combination of estate planning and philanthropy is also gaining popularity in Canada as more people discover that Canada has some of the best tax incentives in the world to support giving to charity.
If even a small percentage of us Canadians left 1% their estate to charity, the result could be as much as $40 billion per year to advance the causes that we care about.
Who would have thought that a gift of 1% in a will could be a powerful tool to make change in the world? But we know that if many people each do a little, it adds up fast. “Many hands make light work!”
If you are looking for someone to talk to about charitable giving, or estate planning generally, please contact us for a free initial consultation. We can help you support your loved ones and your passion, both.