Philanthropy is a catalyst for positive change, but it can also be a powerful estate-planning tool.
By leaving money to the Blyth Festival, you are:
- choosing to align your personal values and interests with the financial goals of the Festival. Ensuring a portion of your estate is used to support a cause you care about even when you are gone.
- able to exclude those assets from your taxable estate, which reduces the amount your family may owe in estate taxes. The charity also receives the full market value of your gift.
- ensuring the Blyth Festival can continue its work in creating new productions, expanding our education projects and of offering professional live theatre in a community that sits well outside major centres.
There are a number of different vehicles available that can help you take full advantage of current year tax deductions. Determining which is right for you depend on the value of your donation and your estate-planning objectives.
There’s little cost involved, because there’s no complex legal work or ongoing maintenance of the account involved. We do recommend first discussing your bequest with a qualified professional such as your own solicitor.
We would be very grateful if you would let us know about your plans should you decide to remember the Blyth Festival in your Will. By doing so, you will join a circle of friends who share your desire to ensure Blyth continues its work long into the future. Donors to The Granary will be invited to an annual event with the Artistic Director who will share behind the scenes insights into what it takes to plan the Festival each year.
Ways to leave a legacy
For your convenience we have included below a sample of the kind of wording you may want to use in your Will.
Bequeathing Blyth Festival a share of your estate
“I give (specify ‘all’ or ‘percentage share’) of my residuary estate to Blyth Festival, 423 Queen Street, Blyth, Ontario Canada, N0M 1H0, Registered Charitable Number: 11881 2056 RR0001, for its general charitable purposes. I further direct that the receipt of the treasurer or other authorized officer shall be a full and sufficient discharge to my executors.”
Bequeathing Blyth Festival a fixed amount
“I give the sum of (amount in figures or words) to Blyth Festival, 423 Queen Street, Blyth, Ontario Canada, N0M 1H0, Registered Charitable Number: 11881 2056 RR0001 for its general charitable purposes. I further direct that the receipt of the treasurer or other authorized officer shall be a full and sufficient discharge to my executors.”
Naming Blyth Festival the direct beneficiary of an Investment
Individuals can name Blyth Festival as the direct beneficiary of an investment (ie. RRSP or TFSA). This can be beneficial to individuals whose estates will have a tax burden on their passing.
To notify us that you are including Blyth Festival in your Will or to find out more please contact Jen Lamb, Director of Development at 519.523.9300 or 1.877.862.5984 or at email@example.com
“Every farmer knows that planning ahead this season is the key to an abundant harvest next season. The Blyth Festival’s Granary program allows us to do precisely that: plan for the success of our future. By pledging your legacy donation to the Granary, you ensure that future generations of artists and audience alike, will reap the bounty of original Canadian Theatre.”
– Gil Garratt, Artistic Director, Blyth Festival
Registered charitable # 11881 2056 RR0001