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Planning a bequest or estate gift to the Saskatchewan 4-H Foundation is one way for you to ensure that our program continues to grow today and for future generations. |
Updating your will
If you would like to include the Saskatchewan 4-H Foundation in your plans for the future, thank you! We would love to hear from you to discuss your wishes for your gift. Please reach out to us at (306) 933-7348 or [email protected] and we will respond to you as soon as possible.
However, we do understand that there may be circumstances where you would like to start or update your Will plans right away. If this is the case for you, please click the tab below and feel free to use the following information to share with your lawyer.
However, we do understand that there may be circumstances where you would like to start or update your Will plans right away. If this is the case for you, please click the tab below and feel free to use the following information to share with your lawyer.
Will Planning Information
Our charitable registration number is: 11914 0580 RR0001
Our legal name is: Saskatchewan 4-H Foundation
Suggested Will language to discuss with your lawyer:
I give and bequeath
It is acknowledged that the Saskatchewan 4-H Foundation advises donors to discuss their charitable giving plans with professional advisors and family.
It is acknowledged that the Saskatchewan 4-H Foundation has not provided any legal, estate or tax planning advice to the donor(s) relative to the donor’s/donors’ gift(s) to the Saskatchewan 4-H Foundation.
Our legal name is: Saskatchewan 4-H Foundation
Suggested Will language to discuss with your lawyer:
I give and bequeath
- the rest and residue (or share of the residue), OR
- the sum of ______ dollars
- to the Saskatchewan 4-H Foundation at Saskatoon, Saskatchewan, for the purpose of (include gift direction details here).
- In the event that circumstances make the specified use or administration of the gift no longer practical or desirable, the Board of Governors of the Saskatchewan 4-H Foundation is hereby authorized to make changes in the use or administration of the gift to maintain, as much as is reasonably possible, its spirit and general intent.
It is acknowledged that the Saskatchewan 4-H Foundation advises donors to discuss their charitable giving plans with professional advisors and family.
It is acknowledged that the Saskatchewan 4-H Foundation has not provided any legal, estate or tax planning advice to the donor(s) relative to the donor’s/donors’ gift(s) to the Saskatchewan 4-H Foundation.
Plan Your Gift
WILL GIFTS
Many of our generous alumni and friends decide to leave a gift in their will to the Saskatchewan 4-H Foundation to support the areas they care about most. In fact, this is by far the most common way of making a future gift. What makes this type of giving so appealing?
1) You can plan for a future gift now without affecting your current cash flow.
2) You have the opportunity to work with the Saskatchewan 4-H Foundation to arrange your gift to support the programs and areas that are the most important to you.
3) If your personal or financial circumstances change, you have the flexibility to make changes to your will at any time.
How will Saskatchewan 4-H Foundation use my gift?
That’s entirely up to you! Maybe you are interested in creating a Family Fund named for your family with income that supports 4-H Saskatchewan in perpetuity, or donating to the General Endowment Fun to support the long-term operations of 4-H Saskatchewan, or have a passion for promoting leadership and entrepreneurship skill development through the Future Fund. Whatever your interests may be, we want you to direct your gift to the area that is most meaningful to you. If you prefer, you may choose to provide a direct gift to the Saskatchewan 4-H Foundation for immediate use, through the Greatest Needs.
How do I set up a gift in my will?
We are here to help! We can work with you to provide suggested wording for you to share with your lawyer. Many people choose to make what are known as “residual gifts.” This type of donation is in fact the “leftovers” after all your other obligations are met. Others prefer to leave a percentage of their estate to the Saskatchewan 4-H Foundation. A discussion with your lawyer may help you decide which of these options would be best for you. As well, there are tax benefits for will gifts that your financial planner can discuss with you.
Do I need to tell the Saskatchewan 4-H Foundation about my will gift?
The Saskatchewan 4-H Foundation is so grateful for your future gift and we want to make sure that it can be used as you intend. If you would like to share your plans with us, we would love to help ensure your gift can be properly utilized as you wish in the future. Of course, this is entirely up to you as your gifts are your impact on our future.
Note: The information provided here is of a general nature and should not be taken as a substitute for professional advice. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.
1) You can plan for a future gift now without affecting your current cash flow.
2) You have the opportunity to work with the Saskatchewan 4-H Foundation to arrange your gift to support the programs and areas that are the most important to you.
3) If your personal or financial circumstances change, you have the flexibility to make changes to your will at any time.
How will Saskatchewan 4-H Foundation use my gift?
That’s entirely up to you! Maybe you are interested in creating a Family Fund named for your family with income that supports 4-H Saskatchewan in perpetuity, or donating to the General Endowment Fun to support the long-term operations of 4-H Saskatchewan, or have a passion for promoting leadership and entrepreneurship skill development through the Future Fund. Whatever your interests may be, we want you to direct your gift to the area that is most meaningful to you. If you prefer, you may choose to provide a direct gift to the Saskatchewan 4-H Foundation for immediate use, through the Greatest Needs.
How do I set up a gift in my will?
We are here to help! We can work with you to provide suggested wording for you to share with your lawyer. Many people choose to make what are known as “residual gifts.” This type of donation is in fact the “leftovers” after all your other obligations are met. Others prefer to leave a percentage of their estate to the Saskatchewan 4-H Foundation. A discussion with your lawyer may help you decide which of these options would be best for you. As well, there are tax benefits for will gifts that your financial planner can discuss with you.
Do I need to tell the Saskatchewan 4-H Foundation about my will gift?
The Saskatchewan 4-H Foundation is so grateful for your future gift and we want to make sure that it can be used as you intend. If you would like to share your plans with us, we would love to help ensure your gift can be properly utilized as you wish in the future. Of course, this is entirely up to you as your gifts are your impact on our future.
Note: The information provided here is of a general nature and should not be taken as a substitute for professional advice. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.
LIFE INSURANCE
A gift of life insurance can enable you to leave a significant legacy to the Saskatchewan 4-H Foundation at a relatively low annual cost. Life insurance proceeds are paid out directly to your beneficiaries outside your estate, therefore; your gift will not be diminished due to taxes, probate or administration fees.
There are three ways that you can donate using life insurance:
1. Transfer ownership of an existing policy to the Saskatchewan 4-H Foundation and also designate the foundation as the policy’s beneficiary. In this case the foundation will issue a charitable receipt to you for the policy’s cash surrender value, plus any accumulated dividends and interest. If, after gifting the policy, you choose to keep it in force, you will receive charitable receipts for any additional premiums paid.
2. Purchase a new policy and designate Saskatchewan 4-H Foundation as the owner and beneficiary. You will receive charitable tax receipts for the full amount of the premiums paid year after year.
3. Name Saskatchewan 4-H Foundation as a beneficiary of either a fixed dollar amount or percentage of either a new or existing policy. In this case, a receipt will be issued to your estate for the value of the proceeds the foundation receives.
You may also choose where to direct your gift to the foundation. For instance, you may wish to support current 4-H needs, Longevity, or the Future Funds. Our staff would be happy to assist you with choosing an area of support that means to most to you. We can work with you to establish a document of understanding outlining your wishes for your gift.
Note: The information provided here is of a general nature and should not be taken as a substitute for professional advice. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.
There are three ways that you can donate using life insurance:
1. Transfer ownership of an existing policy to the Saskatchewan 4-H Foundation and also designate the foundation as the policy’s beneficiary. In this case the foundation will issue a charitable receipt to you for the policy’s cash surrender value, plus any accumulated dividends and interest. If, after gifting the policy, you choose to keep it in force, you will receive charitable receipts for any additional premiums paid.
2. Purchase a new policy and designate Saskatchewan 4-H Foundation as the owner and beneficiary. You will receive charitable tax receipts for the full amount of the premiums paid year after year.
3. Name Saskatchewan 4-H Foundation as a beneficiary of either a fixed dollar amount or percentage of either a new or existing policy. In this case, a receipt will be issued to your estate for the value of the proceeds the foundation receives.
You may also choose where to direct your gift to the foundation. For instance, you may wish to support current 4-H needs, Longevity, or the Future Funds. Our staff would be happy to assist you with choosing an area of support that means to most to you. We can work with you to establish a document of understanding outlining your wishes for your gift.
Note: The information provided here is of a general nature and should not be taken as a substitute for professional advice. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.
RRSPS AND RRIFS
Next to personal real estate, registered retirement accounts are the most popular investment for Canadians, and generally are the single biggest assets owned besides a home.
Generally people name their surviving spouse as the beneficiary of their RRSP. However, if the beneficiary of your RRSP is someone other than your spouse or dependent(s), the value of the RRSP will be taxed as ordinary income, often at the highest marginal tax rate. Therefore, it is one of the most heavily taxed estate assets to pass to children.
By designating the Saskatchewan 4-H Foundation as the beneficiary of all or a portion of your RRSP or RRIF, your tax credit will offset the tax on your RRSP or RRIF distributions. A direct designation of RRSP/RRIF plan assets would pass to the foundation outside your estate, bypassing probate and yielding a tax receipt for the full value of the donation.
A gift of retirement funds presents you with an opportunity to make a significant gift to the foundation, while enjoying beneficial tax savings. You retain full access to the funds for your lifetime and your donation will pass to the foundation tax free.
The process to establish a gift of RRSP/RRIF funds is easy. Simply speak to your RRSP/RRIF sponsor about changing your designated beneficiary to the Saskatchewan 4-H Foundation.
Note: The information provided here is of a general nature and should not be taken as a substitute for professional advice. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.
Generally people name their surviving spouse as the beneficiary of their RRSP. However, if the beneficiary of your RRSP is someone other than your spouse or dependent(s), the value of the RRSP will be taxed as ordinary income, often at the highest marginal tax rate. Therefore, it is one of the most heavily taxed estate assets to pass to children.
By designating the Saskatchewan 4-H Foundation as the beneficiary of all or a portion of your RRSP or RRIF, your tax credit will offset the tax on your RRSP or RRIF distributions. A direct designation of RRSP/RRIF plan assets would pass to the foundation outside your estate, bypassing probate and yielding a tax receipt for the full value of the donation.
A gift of retirement funds presents you with an opportunity to make a significant gift to the foundation, while enjoying beneficial tax savings. You retain full access to the funds for your lifetime and your donation will pass to the foundation tax free.
The process to establish a gift of RRSP/RRIF funds is easy. Simply speak to your RRSP/RRIF sponsor about changing your designated beneficiary to the Saskatchewan 4-H Foundation.
Note: The information provided here is of a general nature and should not be taken as a substitute for professional advice. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.
IN MEMORIAM TRIBUTE
Recognize someone who has passed away with a memorial donation. Memorial donations are eligible for a charitable tax receipt and are recognized on a wall plaque at the 4-H Saskatchewan office.
Saskatchewan 4-H Foundation Charitable Registration Number: 119140580RR0001
