Gift in Will

Leaving a gift in your Will is a powerful expression of love, compassion, and hope for the future. How you direct your financial legacy speaks a lot to the values you hold dear and the kind of life you’ve built through the years.

By including World Vision Canada in your estate planning, you will help transform the lives of vulnerable children and communities across the globe. Your generosity can create a legacy that extends far beyond your lifetime, bringing positive changes to those who need it the most.

1. Call, email or chat with an expert

We have professionals who can guide you in the right direction. You can call 1.800.714.3280 email plannedgiving@worldvision.ca or chat with us using Live Chat.

2. Talk to your loved ones

Planned Giving is an important matter. Thus, a discussion with your family is necessary. Let your loved ones know your wishes and reassure them that you are not choosing World Vision Canada over your family.

3. Speak to your professional advisors

Experts can give you knowledgeable advice on how to go about leaving a legacy. Talk to your trusted professionals so you can get started down the right path.

4. Update your Will

Decide whether you want to leave a percentage or a specific amount of your estate to World Vision Canada and update your Will with the recommended wording from your legal advisor. Below is our charitable registration information.

FULL LEGAL NAME: World Vision Canada ADMINISTRATIVE ADDRESS: 1 World Drive, Mississauga, Ontario L5T 2Y4 CHARITABLE REGISTRATION NUMBER: 119304855RR0001

5. Let us know your decision

You’re under no obligation to disclose your decision or the content of your Will. However, letting us know you’ve chosen to leave a gift to World Vision Canada allows us to steward your gift and plan how to use these additional funds most effectively.

Gift of Securities

Donating securities is a simple and tax-efficient way to create a lasting impact on children and families through World Vision Canada.

When you donate stocks, mutual funds, or other marketable securities, you can avoid capital gains tax while receiving a charitable receipt that can help reduce taxes owed on your income. You can view the Gift of Securities form here.

By including a gift of securities in your Will, your estate will also receive a charitable tax receipt, which can reduce estate taxes and increase the amount available for your beneficiaries.

This results in a more favourable tax outcome for you, compared to selling the securities and then donating the proceeds to charity.

Benefit of Donating Securities

• You know your gift of securities will mean a world of change for children and families in the developing world.
• You pay no capital gains tax on the appreciated value of the securities.
• You receive a charitable tax receipt for the full market value of your transferred securities.
• You can carry forward excess credit for up to five years.
• Your estate gets tax benefits for gifts of securities in your Will.
• Your investment advisor can easily transfer securities electronically to World Vision Canada.

Gift of Life Insurance

A gift of life insurance is a practical and affordable way to invest in World Vision Canada’s programs and have a greater impact than you may have thought possible while saving on taxes and protecting the value of your estate for your heirs.

Here are a number of ways you can give the gift of life insurance:

Name World Vision Canada as the owner and beneficiary of a new policy. When you make World Vision Canada the owner and beneficiary of a policy, you will receive charitable tax receipts for the premiums paid each year.

Name World Vision Canada as the owner and beneficiary of an existing policy. If you have a policy that has served its original purpose, you can name World Vision Canada as the owner and beneficiary. Any premium payments will qualify for a charitable tax receipt. If the policy is fully or partially paid, you will receive a charitable tax receipt for the fair market value of the policy.

Name World Vision Canada as the beneficiary of a new or existing policy and keep the ownership in your name. By naming World Vision Canada as the beneficiary of an individual or group life insurance policy your estate will receive a charitable tax receipt for the full amount of the insurance proceeds. However, the owner will not receive a charitable tax receipt for any premiums paid. The beneficiary can be changed at any time.

Since there are many types of life insurance policies, we suggest that you speak with a financial advisor or insurance agent to ensure that your gift aligns with your financial and philanthropic goals.

Benefit of Donating Life Insurance Policies

• A gift of life insurance is a cost-effective opportunity for you to transform a modest annual investment in premium payments into a significant investment in World Vision Canada’s programs and make a meaningful difference in the lives of children, their families and communities.
• With a gift of life insurance, the full policy benefits will be paid directly to World Vision Canada after your lifetime.
• Your gift to World Vision Canada will occur exactly as you intended.
• Because life insurance passes outside the estate settlement process, your gift will not be subject to probate, management or professional fees, and will generally be paid quickly by the insurance company.
• A gift of life insurance can produce annual tax savings or tax savings for your estate in the year of passing.
• Unlike a bequest in your Will, a gift of life insurance is not subject to Will challenges.

Gift of Retirement Funds

Gifts of retirement plan savings, such as RRSPs, RRIFs and TFSAs, can be a tax-smart way to support your preferred charity and make a lasting impact for those in need.

By naming World Vision Canada as a beneficiary, you can avoid probate fees and receive a charitable tax receipt for the full value of your retirement plan savings. This not only reduces your estate taxes but also provides significant support to vulnerable children and families around the world.

Benefit of Donating Retirement Funds

• You have the satisfaction of providing a gift to future generations while retaining ownership and use of the funds during your lifetime.
• Your estate will receive a charitable tax receipt.
• Your decision will help offset estate taxes and reduce probate fees.

Gift of Endowment Fund

Endowments offer the opportunity to ensure that your gift continues to give year after year. The capital of an endowment is invested in perpetuity, or a long-term 10-year fund and the income earned from the fund is used as you designated.

Endowment funds are significant as they provide World Vision Canada with long-term viability to ensure that future generations have access to emergency relief, child protection, community development, economic development, health care, food, clean water and sanitation.

You can create an endowment fund by donating substantial gifts of cash and assets and name it after yourself or a loved one. You may direct your endowment fund toward programs that are important to you or allow us to use the funds where most needed.

You can create an endowment fund by donating substantial gifts of cash and assets and name it after yourself or a loved one. You may direct your endowment fund toward programs that are important to you or allow us to use the funds where most needed.

Benefit of Donating Endowment Fund

• Endowment donations in estate planning provide a way to create a lasting legacy and support causes important to you even after you have passed away.
• Endowments can help to make a positive impact in perpetuity.
• By donating to an endowment, you are eligible for tax benefits and deductions.

Want to share your insight?

Take a 2-minute survey here to share your feedback and journey. Or reach out directly to one of our Legacy Advisors who would be delighted to connect with you. Contact us at 1.800.714.3280 or planned_giving@worldvision.ca