You can support the LGBT Youth Line in many ways - when the time is right, please consider a gift in your will. By remembering the LGBT Youth Line in your estate planning, your legacy will contribute to a safe and affirming community for Ontario’s LGBT Youth. If you'd like more information, you can review some commonly asked Questions and Answers about including the LGBT Youth Line in your will, or simply contact us at the number below – all calls are confidential. We have also provided a list of sample will clauses for you or your lawyer to consider. For more information, please contact:
Brandon Sawh
Fundraising Coordinator
416-962-2232 ext 223
Remember – a will is a legal document. We strongly encourage you to seek legal estate planning advice from a qualified lawyer if you are making a will or changing your will. We'd be pleased to confer with you and your lawyer to help draft specific bequest clauses. All calls will be kept confidential.
Frequently Asked Questions
How do I go about leaving a gift in my will?
The two most frequently used methods of making a gift in your will are specific bequests and residual bequests.
A specific bequest gives a definite amount of money to the named beneficiary; and a residual bequest gives the remaining amount, or a percentage of the remaining amount, after all of your specific bequests have been honoured.
Your lawyer or financial advisor can help you decide which option is best for you and your loved ones.
What are the financial advantages of leaving a bequest gift?
A carefully constructed will can help you avoid excessive taxes. When you make a charitable donation through your will, the tax credit can be claimed up to 100% of net income in the year of death, significantly reducing the tax paid by your estate.
How can I make a bequest gift to a charity if I already have an existing will?
Even if you already have an existing will, your lawyer can easily amend your will by making an addition called a codicil. Be sure to review your will on a regular basis to ensure that it is up-to-date.
What is the legal name of The LGBT Youth Line?
Our full legal name is Lesbian Gay Bi Youth Line. Any legal document used to make a planned gift must include the full legal name of the charity. The Youth Line is a registered Canadian charity – our Charitable Organization Number is 897564951 RR0001.
Remember – a will is a legal document. We strongly encourage you to seek legal estate planning advice from a qualified lawyer if you are making a will or changing your will. We'd be pleased to confer with you and your lawyer to help draft specific bequest clauses. All calls will be kept confidential.
Brandon Sawh
Fundraising Coordinator
416 962-2232 ext 223
donate@youthline.ca
Sample Will Clauses
To give a percentage of the estate
"I give to the Lesbian Gay Bi Youth Line twenty-five percent (25%) of the rest, residue and remainder of my estate to be used for the most urgent needs as determined by its Board of Directors."
To give a specific amount
"I give to the Lesbian Gay Bi Youth Line the sum of $10,000 to be used for the most urgent needs as determined by its Board of Directors."
To give a specific asset, such as shares in a company
"I give to the Lesbian Gay Bi Youth Line 500 shares of XYZ Co. Inc. to be used for the most urgent needs as determined by its Board of Directors."
Remember – a will is a legal document. We strongly encourage you to seek legal estate planning advice from a qualified lawyer if you are making a will or changing your will. We'd be pleased to confer with you and your lawyer to help draft specific bequest clauses. All calls will be kept confidential.
