Planned giving: wills, annuities & real estate
You can support the blood cancer community by making a plan now
Ways to give
Your plan to give today will make it possible for us to support research for future generations. Advances in treatments that have saved many lives to date were made possible by forward-thinking people like you over the last several decades.
In your will or living trust, you can leave assets to loved ones and to the Leukemia & Lymphoma Society of Canada.
You can use the following suggested language to include us in your will or living trust.
For a specific amount:
- I give to The Leukemia & Lymphoma Society of Canada, Suite 300 - 55 St. Clair Avenue West, Toronto, ON M4V 2Y7 [specific dollar amount or percentage of my estate or specified asset].
For a residuary amount after other bequests are made:
- I give to The Leukemia & Lymphoma Society of Canada, Suite 300 - 55 St. Clair Avenue West, Toronto, ON M4V 2Y7 all [or a percentage] of the rest, residue and remainder of my estate.
For a contingent bequest if you outlive other beneficiaries:
- If [named beneficiary] does not survive me, I give to The Leukemia & Lymphoma Society of Canada, Suite 300 - 55 St. Clair Avenue West, Toronto, ON M4V 2Y7 all [or a percentage] of my estate.
Because we have one Charitable Business Number 10762 3654 RR0001, all documents should refer to our address at Suite 300 - 55 St. Clair Avenue West, Toronto, ON M4V 2Y7. If your existing will is up to date and you want to add a charitable beneficiary, ask your legal advisor about a codicil to modify your will.
You can maximize a retirement plan's benefit by naming The Leukemia & Lymphoma Society of Canada as a direct beneficiary of a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF). By doing so, a tax receipt for the full value of the gift will be issued to your estate. Designating a beneficiary for your retirement plan is easy and costs nothing. You simply need to advise the financial institution holding your retirement account of the change in beneficiary.
You can use your life insurance policy to give to the blood cancer community by naming The Leukemia & Lymphoma Society of Canada (LLSC) as a charitable beneficiary.
There are three ways to do this:
- Donate a paid-up policy especially if you have more insurance than you currently need. By naming LLSC as the irrevocable owner and beneficiary, you will receive a tax receipt equal to the policy's cash surrender less any outstanding policy loans.
- Purchase a new policy or gift an existing policy on which premiums are still being paid by naming LLSC as the irrevocable owner and beneficiary. You are eligible for a tax receipt for the premiums you pay annually.
- Designate LLSC the beneficiary of a new or existing life insurance policy. Upon your passing, your estate will receive a tax receipt for the value of the policy.
A charitable gift annuity may be appealing to you if you are a conservative investor aged 70 or over who is more concerned with financial security than income growth.
How it works
- Make an irrevocable gift of $10,000 or more to The Leukemia & Lymphoma Society of Canada.
- We will purchase an annuity for you that will make fixed, lifetime payments to you.
- We receive a portion of the amount as an immediate donation for which you will receive a charitable tax receipt.
Why choose annuities
- Receive payments for life or a specified number of years at attractive, fixed rates for you and your surviving partner.
- Receive the same income guarantee to GICs or bonds but with improved cash flow.
- Receive a tax deduction on a portion of what you transfer.
- Get personal satisfaction from making a gift that will benefit you today and support people affected by a blood cancer today and in the years to come.
You can use your unmortgaged residential, commercial or undeveloped property for charitable giving. Your options may include:
- making an outright donation
- placing your property in trust
- retain the use of it for life
- donate it in your will
A real estate gift can realize important tax and income benefits.
How it works
We will review your offer and evaluate the property's condition and marketability to determine the benefit of accepting such a gift. If the proposed property is acceptable to us, you will need a qualified third-party appraiser to determine the fair market value of the property.