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Contact us to discuss Legacy Giving.

 

Leave a Legacy

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Leaving a gift to the Mental Health Foundation of Nova Scotia in your will ensures we can continue to change the way people think about mental illness and ensure those living with mental illness are supported in our communities.

We are pleased to work with you and your financial advisor to arrange a planned gift that best suits your goals:  

We are pleased to work with you and your financial advisor to arrange a planned gift that best suits your goals:  

Bequest: a specific dollar amount of percentage of assets.

Gift of Securities: name the Mental Health Foundation of Nova Scotia as a beneficiary of your RRSP, RRIF or pension plan.

Gift of Insurance: name the Mental Health Foundation of Nova Scotia as a beneficiary of your life insurance policy. The premiums you pay quality for a tax receipt.

 

 

How to leave a gift in your will

Financial advantages for leaving a bequest gift

Sample will clauses

How to leave a gift in your will

The two most frequently used methods of making a gift in your will are specific bequests and residual bequests.

A specific bequest gives a definite amount of money to the named beneficiary; and a residual bequest gives the remaining amount, or a percentage of the remaining amount, after all of your specific bequests have been honoured.

Your lawyer or financial advisor can help you decide which option is best for you and your loved ones.

Even if you already have an existing will, your lawyer can easily amend your will by making an addition called a codicil. Be sure to review your will on a regular basis to ensure that it is up-to-date.

 

Financial advantages for leaving a bequest gift

A carefully constructed will can help you avoid excessive taxes. When you make a charitable donation through your will, the tax credit can be claimed up to 100% of net income in the year of death, significantly reducing the tax paid by your estate.

 

Sample will clauses

To give a percentage of the estate:

"I give to the Mental Health Foundation of Nova Scotia twenty-five percent (25%) of the rest, residue and remainder of my estate to be used for the most urgent needs as determined by its Board of Trustees."


To give a specific amount:

"I give to the Mental Health Foundation of Nova Scotia the sum of $10,000 to be used for the most urgent needs as determined by its Board of Trustees."


To give a specific asset, such as shares in a company:

"I give to the Mental Health Foundation of Nova Scotia 100 shares of XYZ Co. Inc. to be used for the most urgent needs as determined by its Board of Trustees."