Why is it important that I have a Will?
A Will ensures that the people and causes you care about are provided for and that your wishes for how your assets are distributed are properly documented. Having an up-to-date Will also provides you with peace of mind, and an opportunity to share your intentions with those you care about.
I’m interested in including a gift in my Will for the Canadian Red Cross. What information do I need?
It’s easier than you may think, and all gifts are very much appreciated. Here is the information you and/or your lawyer will need:
Legal name: The Canadian Red Cross Society
Charitable Registration #: 11921 9814 RR0001
Address: 8000-400 Cooper St, Ottawa, ON K2P 2H8
Please visit redcross.ca/legacy to download our Will Wording information page which includes two simple ways to leave your gift, along with suggested bequest language. You may also find our Legacy Brochure and Will Planning Guide to be helpful.
We have team members across Canada who can help. Please visit Contact Details - Legacy Donations - Canadian Red Cross to find the contact information for a staff member in your region. We will be pleased to answer any questions. We can also provide options that align with your values and philanthropic interests.
What are the benefits of leaving a gift in my Will?
Here are a few benefits of leaving a gift in your Will:
- A gift in your Will doesn’t cost you anything now.
- Your gift doesn’t have to take away from what you plan for loved ones.
- You can make a larger gift than you thought possible.
- You can reduce the tax burden on your estate.
- You can choose to make changes to your Will at any time.
I already have a Will, how can I change it?
You can easily include a gift in your Will for the Canadian Red Cross by means of a codicil. This document allows you to modify your Will without rewriting it. Please contact your lawyer/notary for more information on this topic.
What wording should I use to leave a gift to the Canadian Red Cross?
Your lawyer or other professional adviser will help you with the wording of your legacy gift. Below are examples.
A Specific Gift Amount
This is the wording to use when you are leaving a bequest of a specific cash amount. It is simple and straightforward:
Sample wording: “I give $________ to The Canadian Red Cross Society.
A Residuary Gift
The “residue” of your Estate is that which remains after the taxes, administrative and legal expenses are paid, and your heirs have received their specific gifts. The residue can be given in whole or divided among beneficiaries.
Sample wording: “I bequeath the residue of my Estate (or xx% of the residue of my estate) to The Canadian Red Cross Society.”
A Contingent Gift
This is a provision which allows you to determine the recipient of your estate if none of your named beneficiaries are alive at the time of your death.
Sample wording: “If none of the individuals I intend to benefit by this Will are alive or otherwise capable of benefitting, I leave the residue of my Estate to The Canadian Red Cross Society.”
If you wish to designate to a specific Red Cross branch or program, we recommend the following wording to keep flexibility should that program or location no longer be in existence at the time the bequest is realized:
“If through the passage of time, a designated Red Cross program or branch is no longer in place, I give permission to alter the terms of my will to adhere as closely as possible to my original wishes; or in the event that this is not possible, please direct my gift to the area of greatest need.”
I’m the Executor of an Estate and the Canadian Red Cross is listed as a beneficiary. Who should I direct information to?
We have team members across Canada who can help. Please visit Contact Details - Legacy Donations - Canadian Red Cross to find the team member in your region.
What other legacy gift options are available?
There are many ways that you can extend your support for the Canadian Red Cross, in addition to a gift in your Will. You can:
- Name Canadian Red Cross Society as a beneficiary and/or owner of a new or existing life insurance policy
- Name Canadian Red Cross Society as a beneficiary on a registered asset like your RRSP, RRIF or TFSA
We have team members across Canada who can help. Please visit Contact Details - Legacy Donations - Canadian Red Cross to find the contact information for a staff member in your region. We will be pleased to answer any questions and provide some options that align with your values and philanthropic interests.
I’d like to make a gift of stocks or securities? What do I need to do that?
We have team members across Canada who can help.
Please visit Gift of Stock and Securities - Canadian Red Cross to find a donation form and an illustration of how this tax-smart way to give will benefit you. Our Contact Details will help you find the team member in your region.