• Bequests

    Planning a bequest allows you to prepare for the future while leaving your current finances intact. It’s the simplest way to leave a legacy without diminishing your assets today.

    In your Will, you can designate a specific amount of money, a piece of property, a percentage or portion of your estate, or you can leave the entire “residue” of your estate to support the Fraser Institute through the Fraser Institute Foundation.

    Publicly traded securities (e.g. shares, bonds, mutual funds) can also be designated as your gift and are exempt from capital gains tax when bequeathed to the Foundation.
    Benefits of charitable bequests:

    • You can offer a more significant gift than might have been possible during your lifetime.
    • You retain full control of your property until death.
    • A bequest is flexible: you can modify your Will at any time.
    • A bequest is eligible for a tax receipt that can be used against your estate’s taxable income in the year of death as well as the previous year. This can reduce owed taxes by up to 100% of net income on both years’ returns.

    Bequests are flexible and may be tailored to your specific wishes. Consider these options:

    Specific/Outright/Percentage bequests

    The simplest way to leave a gift: you designate a specific asset, sum of money, or percentage of your estate as a gift to the Foundation in your Will.

    Residual bequest

    You specify that you want the Foundation to receive a portion or all the remainder of your estate after debts, taxes, administrative expenses, and other specific bequests have been settled.

    Residual bequest subject to life interest

    You specify a bequest following the death of certain other beneficiaries who have use of the assets in your estate for their lifetime.

    Contingent bequest

    You specify that you want the Foundation to receive a gift only in the event of the prior death of other beneficiaries.

  • Download Sample Bequest Language