Your retirement funds are amongst the most heavily
taxed assets you own. When Alzheimer Society
Niagara Foundation is designated as a direct
beneficiary of a registered retirement savings plan
(RRSP) or registered retirement income fund (RRIF),
these taxes are offset at the time of death. Your
gift will be treated as a charitable donation in the
year of death and Alzheimer Society Niagara
Foundation will issue a tax receipt for the full
amount being transferred to it.
Advantages:
With a Gift RRSP
or RRIF accumulations, the Alzheimer Society Niagara
Foundation will realize the full value of your
gift, maximizing the funds made available to
support people in your Community
Your
estate
will receive a donation receipt for the fair
market value of the gift, offsetting the taxes
on your Retirement Plan Accumulations that are
payable at your death. In other words, your gift
redirects assets to the Society that would
otherwise be lost to taxes
Example of wording in your Will
Registered Funds
Bequest - Unrestricted use
I direct my Estate
Trustee to transfer to Alzheimer Society Niagara
Foundation the sum of $_______, (_____% or all of any assets
which I may own) which are registered either as a RRSP or RRIF, to be used for such purposes in
connection with the work of [Charity] as the Board
of Directors may from time to time determine.
Registered Funds
Bequest - Restricted use
I direct my Estate
Trustee to transfer to Alzheimer Society Niagara
Foundation the sum of $_______, (_____% or all of any assets
which I may own) which are registered either as a RRSP or RRIF, to be used for _____________________.