Planned Giving

Leaving a Legacy

Gifts in Your Will

Benefits to leaving a gift in your will

How do I leave a gift in my will?

You may gift a specific amount (a stated sum of money), a percentage of your estate (giving a percentage keeps your gift in line with your assets as they change in value), or specific holdings such as securities or other items. (See below for more information)

New Will:
If you are preparing a new will, discuss your intentions with your lawyer, who will help you draft the appropriate clauses.

Suggested wording:

"I leave to The Royal Canadian College of Organists (20 St Joseph St, Toronto, ON, M4Y 1J9), $______. I direct this money to be used for the general purposes of The Royal Canadian College of Organists."

Existing Will:
If you already have a will you may wish to consider adding a codicil (amendment) that allows you to change part of your will while leaving the rest of it in place.

Information that you will need:
Legal Name: The Royal Canadian College of Organists/Le Collège Royal Canadien Des Organistes
Address: 20 St Joseph St, Toronto, ON, M4Y 1J9
Charitable Organization #: 13696 9730 RR0001

Gifts of Stocks / Securities

• A gift of publicly listed stocks can be a benefit for both you and the Royal Canadian College of Organists. There is no tax on capital gains for donated publicly listed securities (a stock, mutual fund, or bond listed on the TSX, NYSE, etc).
• You don't pay capital gains tax AND you get a charitable tax receipt, so the cost of making a gift in this manner can be much less than if you made a gift of the same amount in cash.
  

To do this, direct your broker to electronically transfer your securities to the Royal Canadian College of Organists. Our broker will then facilitate the sale of the stock on the day your gift is received. Based on the sale price, we issue you a charitable receipt for 100% of the funds received. Contact us at info@rcco.ca for a template with the complete account details.

Gifts of Life Insurance

Consider naming the Royal Canadian College of Organists as the beneficiary of your life insurance policy. This is an affordable way to arrange a significant future gift without diminishing your current financial resources. Your gift goes directly to the Royal Canadian College of Organists upon your death and is not considered part of your estate. In this way, you avoid associated probate fees. Your estate will be issued a charitable tax receipt for the entire amount in the year the gift is received.

Gifts of RRSPs, RRIFs, TFSAs

These three well-known savings vehicles can potentially make up a large portion of accumulated assets at death. Consider speaking with your financial advisor to name the Royal Canadian College of Organists as the beneficiary of the proceeds of your RRSP, RRIF, or TFSA. Proceeds from these funds can provide a significant future gift to our organization and contribute greatly to the important work we are doing to support, promote, and celebrate the organ and its music in Canada. Your gift goes directly to the Royal Canadian College of Organists upon your death and is not considered part of your estate. 

Need more information? Please contact Elizabeth Shannon, Executive Director, at execdirector@rcco.ca or 416-929-6400 for more information.