An easy way to grow the game in Canada.
Do you love the game and want to see it grow after your lifetime? It’s not only possible, it’s easy to do with a beneficiary designation. Simply name Golf Canada Foundation as a beneficiary to receive assets such as the following:
- Retirement plans such as RRSPs and RRIFs
- Life insurance policies
It only takes three simple steps to create your legacy by making this type of gift. Here’s how to name Golf Canada Foundation as a beneficiary:
1. Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
2. Decide what percentage (1 to 100) you would like to give and name Golf Canada Foundation, along with the percentage you chose, on the beneficiary form.
3. Return the completed form to your plan administrator, insurance company, bank or financial institution.
James and Denise cherish the financial help they’ve been able to give their children and the Golf Canada Foundation over the years. The couple recently updated their Will to leave stocks and real estate to their kids. They left the Golf Canada Foundation a $75,000 RRSP/RRIF to be transferred following their lifetime. Because the Foundation is tax-exempt, all $75,000 will help advance the game of golf.
If James and Denise had left the RRSP/RRIF to their children, approximately $40,147.50 would have gone to pay federal income taxes—leaving only $34,852.50 for their family’s use. James and Denise are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of Ontario as the province and 53.53% as the marginal tax rate
*This also assumes that the $75,000 is part of a larger RRSP/RRIF that would be deemed as income in the year of their deaths.
To ensure that your particular needs are met and that your wishes are honoured, you should consult your financial advisors.
Please contact Golf Canada Foundation to let us know about your intentions. Not only can we assist you in making sure things move along smoothly, we can discuss how you would like the proceeds from your gift be put to use. It is also important for us to know whether you wish to be recognized for your contribution or prefer to remain anonymous.
If you have already made arrangements to make a planned gift to Golf Canada Foundation, we request that you send us a completed Statement of Intent (PDF) so that we may ensure proper administration of your gift.
Sample bequest language for your Will.
It’s quick, easy and only one sentence: “To pay to the Golf Canada Foundation ___% of the residue of my estate [or the sum of $____________.] This gift is to be used for such purposes and designs as deemed appropriate by the Board of Directors of the Golf Canada Foundation.
What is the Foundation’s legal name and charitable registration number?
Our legal name is: Golf Canada Foundation. Our Canadian charitable registration number is: #126408129RR0001
Joelle Efford – Senior Director, Development
Golf Canada Foundation
1-1333 Dorval Dr, Oakville, ON L6M 4X7
Toll-free: 1-800-263-0009, 905.849.9700 x265 Email: email@example.com