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Legacy Gifts

A legacy gift to Park People is an incredible way to ensure parks are at the heart of communities across Canada. Your gift will have a lasting impact on our city parks, ensuring they contribute to the health and wellbeing of Canadians for years to come.

We are truly honoured that supporters like you consider leaving a gift to Park People in their will.

Whether it’s a bequest in your will, gifts of life insurance policies, or stocks and annuities, there are many ways to remember Park People and leave a transformative gift to support the power of parks for communities and cities across Canada.

Legacy Giving can be simple, flexible, and rewarding: your gift could also reduce your taxes, protect your investment income, and maximize the benefits to your estate and loved ones.

We know that making a life decision like a legacy gift isn’t an easy undertaking.

We recommend you discuss your plans with your financial or legal advisor, as well as your loved ones before making changes to your will. Your legal advisor can help you prepare a will that addresses your individual wishes and requirements.


Legacy Gift Options

Charitable bequests can take many forms and often consist of cash, real-estate property, and/or securities like stocks, bonds, and mutual funds.

Specific/legacy bequests designate an exact dollar amount, percentage, or particular assets, such as the stock of a certain company, or the amount of $10,000 to be donated to Park People.

Residual bequests name Park People as the beneficiary of all, or a percentage of your estate after all debts, taxes, administrative expenses, and specific/legacy bequests have been paid. Because this type of gift leaves a percentage rather than a fixed amount to the organization, inflation will not reduce the value of your gift.

Contingent bequests take effect when you name Park People as an alternate beneficiary. Your gift is given to Park People only if other beneficiaries in your Will pass away before your passing.

Making a gift of your retirement plan savings—RRSPs or RRIFs—can reduce the taxes on your estate and protect its value for your heirs. It also enables you to make a significant impact on the work of Park People.

A gift of life insurance allows you to make a significant donation to Park People at a relatively low cost while protecting the value of your estate for your heirs and possibly saving on taxes.

  • Option 1: Name Park People as the beneficiary of a new or existing life insurance policy. Your estate will receive a tax receipt for the proceeds of the policy.
  • Option 2: Purchase a new policy with Park People named as the owner and beneficiary. You will receive annual tax receipts for the premium payments.
  • Option 3: Transfer ownership of a paid-up policy, with Park People named as beneficiary. You will receive a tax receipt for the current value (known as the “fair market value”).

If making a Legacy Gift to Park People feels right to you and your family, you will need the following information:

Legal Name: Park People/ Amis des parcs
Charity Registration #: 846449437RR0001
Address: 401 Richmond St W, Suite 119, Toronto, Ontario Canda, M5V 3A8

To discuss how your transformative gift can ensure parks and communities across Canada continue to grow and prosper, please contact Michelle Cutts, Director of Development at mcutts@parkpeople.ca.