CSRO LEGACY SOCIETY
What is a Legacy Society
A legacy society is a way for charitable organizations to honour those who have given a lasting gift through a will, trust or other planned gift dedicated to the organization. As a Legacy Society member you have the option to remain anonymous or to be recognized for your gift.
What should I expect as a member?
With their permission, the Canadian Spinal Research Organization has a number of ways that we recognize members of the CSRO Legacy Society, which includes:
- Members will be recognized on the CSRO website and in the Annual Report.
- Members will receive an annual tribute of recognition.
- Members will receive a special CSRO Legacy Society gift.
A Legacy Gift in Your Will
A gift in your will shows more than just foresight and careful planning, it reveals a lasting commitment to the Canadian Spinal Research Organization and a desire to make a difference beyond your lifetime.
What to give?
A specific amount, a percentage, or the residue of your estate. You can bequest real property or securities.
Please join our partners by considering a legacy gift to the Canadian Spinal Research Organization – help build the future
Most legacy gifts are bequests: gifts established in someone’s will. Such a gift would allow your estate to realize tax savings in the future. Usually, these gifts enable people to make a more substantial contribution than they could manage during their lifetimes. That means a gift in your will would have a deep impact on the future of the Canadian Spinal Research Organization and those that we serve – in your local community and across Canada.
What are your next steps?
- Create a will that reflects your wishes. You can make your bequest in honor or in memory of someone special.
- If you already have a will and are considering a bequest to the Canadian Spinal Research Organization, the easiest and least expensive way to make a small change in your existing will is to add a codicil. The codicil will retain all the provisions of your will, except those that are modified by this addition.
- Make an appointment with your lawyer to draft or revise your will. Your lawyer will help you with the key information and details. The Canadian Spinal Research Organization has sample wording available to assist you and your lawyer.
- Contact the Canadian Spinal Research Organization office to inform us of your gift to ensure we honour your gift intentions as you wish.
After first taking steps to ensure your loved ones and heirs are cared for through your estate, a bequest gift to the Canadian Spinal Research Organization can be a truly exceptional way to create a legacy for the future.
Creating your legacy through a bequest in 3 easy steps!
Step 1: Make the decision that creating a bequest gift through your will is the right step for you to take. Determine the type and amount of the gift you wish to make and if you wish to have it used for the Canadian Spinal Research Organization priorities or for a specific area of Canadian Spinal Research Organization programs.
Step 2: Call your lawyer and request that they include a codicil in your will that establishes a gift for the Canadian Spinal Research Organization. Provide your lawyer with the legal written name, the Canadian Spinal Research Organization – please see below. Your lawyer will handle the remaining details. Many lawyers will include this codicil in your will without cost.
LEGAL NAME AND ADDRESS (CANADIAN SPINAL RESEARCH ORGANIZATION, 126 Westwood Lane, Richmond Hill, ON L4C 6Y3
Step 3: If you feel comfortable, contact us to let us know when your gift has been created. This will allow us to add your name to our list of donors who have told us they will be remembering the Canadian Spinal Research Organization in their estate plan and give us an opportunity to express our gratitude.
Make a Donation of a Security
- Gifts of securities must be donated “in kind” in order to qualify for the elimination of taxes on capital gains. You would not sell the security, you would donate the security itself.
- Donations of securities take longer to process than cash gifts as they must be transferred and sold before the donation is complete. So if you are looking for a tax receipt to be issued within a certain calendar year make sure to leave enough time for processing.
- Securities donations allow you to make an impact in SCI research while providing benefits to you as well.
Contact
To find out more about how you can include the cause of spinal cord injury research, prevention, and advocacy to your charitable estate plan contact:
Barry Munro, Chief Development Officer CSRO/ASRO at bmunro@csro.com or 416.418.5121