Through a gift in your will you demonstrate your passion, values and hopes. You are also able to make a larger donation than would be possible during your lifetime.
By naming St. Matthew the Apostle Oriole Anglican Church as a beneficiary in your will, you can give a percentage of your estate, a sum of money, a gift of property or a gift of securities. Your estate will receive a tax receipt for the value of the gift, which may reduce your taxes payable to your estate.
The benefits of making a bequest:
- Your bequest can be a lasting legacy for you, your family, or anyone you may wish to honour.
- You retain full control of your assets during your lifetime.
- Your bequest can provide tax relief to your estate.
Sample clauses for wording your bequest
Proper wording is vital to the validity of a bequest. Here are the recommended clauses for your use:
Specific amount bequest:
“I DIRECT my trustee(s) to pay the sum of _________ DOLLARS ($__________ ) to ST. MATTHEW THE APOSTLE ORIOLE ANGLICAN CHURCH, currently located at, 80 George Henry Blvd. North York, ON M2J 1E7 for its general* purposes. The receipt of an appropriate officer of St. Matthew the Apostle Oriole Anglican Church shall be a sufficient discharge of my Trustee(s).”
Residual bequest:
“I DIRECT my trustee(s) to pay (insert number that equates to percentage) parts of the residue of my estate to ST. MATTHEW THE APOSTLE ORIOLE ANGLICAN CHURCH, currently located at, 80 George Henry Blvd. North York, ON M2J 1E7 for its general* purposes. The receipt of an appropriate officer of the Anglican Diocese of Toronto Foundation shall be a sufficient discharge of my Trustee(s).”
*general purposes – should you want to leave a gift to a specific ministry, please note it here. For instance, you may wish to designate your gift to the general account, redoing the parking lot, the altar guild, etc.