Can you explain some of the technical terms?
Bequests, also known as ‘gifts by will’ or ‘testamentary gifts’, are revocable gifts made to a charitable beneficiary through your Will. They can be as simple as including a notation in your Will, or complex with conditions about how you would like your gift to be used – such as designating them to a specific project or fund.
What are the tax benefits?
In addition to the lasting social impact your gift will make, a bequest is also an effective way to reduce taxes on your estate after death. Donations of furniture are always eligible for tax receipts, even after your passing and may be used towards your estate.
How do I leave a gift to Furniture Bank in my will?
If you are considering including a gift to Furniture Bank in your Will, please let us know. We would welcome the opportunity to thank you and discuss the impact you hope your donation will help accomplish.
For help in preparing your gift, please consult your legal advisor and/or financial planner. You will need to provide the following information:
Legal Name: Furniture Bank
Charitable Registration Number: 872531843RR0001