Creating a legacy for your community through your will
Download and print a bequests information sheet (PDF)
For more information, please contact:
Wills and Bequests
No one should overlook the importance of making a will
A carefully drafted will ensures the financial security and well-being of your loved ones. It is a planning tool that you can use to determine which people and organizations will benefit from your estate, who will handle distribution, and who is to be guardian and trustee for those you love.
Without a will, the government distributes your estate according to a legal formula. Taxes and administration costs can reduce the value of your estate, and the settlement may not reflect your wishes or the needs of your family and friends.
In drafting or revising your will, the needs of your family should be your primary responsibility. However, there may also be an amount that can be allocated from your estate for charitable purposes and allow you to perpetuate a lifetime of giving.
Unless otherwise directed by a donor, United Way Toronto places all gifts received by bequest in its endowment — The Tomorrow Fund. While gifts to United Way Toronto's annual campaign benefit our community today, your gift to The Tomorrow Fund will ensure that United Way can introduce new programs and continue funding current ones to serve future generations of Torontonians.
Gifts to The Tomorrow Fund are invested and only the disbursement income is used to support essential social services throughout our community. A gift to The Tomorrow Fund continues giving beyond your lifetime and ensures that your generosity benefits our community for generations to come.
Please see below for bequest options and sample wording.
We're here to help
If you would like to learn more about including United Way in your will or how you can integrate United Way Toronto in your estate plans, please contact Mary Cranston. Please know your privacy is very important to us and all information will be kept confidential.
Thank you for helping United Way Toronto to create opportunities for a better life for everyone. With your help, we are meeting urgent human need in our city. We are also addressing the root causes of social issues before they become problems in the first place. Your support provides hope and dignity to not only individuals, but whole communities.
Bequest options and sample wording
There are several options you might consider when making a bequest to United Way Toronto in your will. You can specify a dollar amount, a specific property, a percentage of your estate, or the portion that remains after you have provided for your family. You may also name United Way as a residual beneficiary in the event others you have named do not survive you.
A specific amount of money or property
United Way can be named in your will to receive a specific amount of cash, or property such as an art collection, a home, parcel of land, etc.
Specific amount bequest
"I direct my Trustees to pay or transfer the sum of $… to United Way Toronto to be added to its endowment, The Tomorrow Fund."
Gift of real property
"I direct my Trustees to transfer and convey all my interest in real property (…description) to United Way Toronto to be added to its endowment, The Tomorrow Fund."
Percentage of your estate
Distribution of your assets can be arranged on a percentage or share basis. The bequest then remains in the same proportion to each other, despite fluctuations in the value of your estate from time to time. This is an especially important concept in a time of stock market volatility.
"I direct my Trustees to pay or transfer….% of the residue of my estate to United Way Toronto to be added to its endowment, The Tomorrow Fund."
Whatever property remains in your estate after debts and testamentary expenses are paid, and after specific bequests under your will have been fulfilled, is known as the residue of your estate. You can leave all or part of the residue of your estate to United Way under your will.
"I direct my Trustees to pay or transfer the residue of my estate to United Way Toronto to be added to its endowment, The Tomorrow Fund."
A sum of money can be directed to be held in trust under a will. The income from such a trust can be paid to a spouse or other beneficiary and the capital of the trust can be paid to United Way, for placement in The Tomorrow Fund, upon the death of your spouse or other beneficiary. Wording will vary according to the trust agreement.