Planned giving – by will and similar means – to the Women’s Musical Club of Toronto – is an effective, tax-efficient way to support the development of emerging Canadian performers of classical music. The Legacy Circle recognizes those who support the WCMT this way.
Why Make a Planned Gift to the WMCT?
You may have already supported the WMCT in some way – volunteering, donating, or attending concerts. By making a planned gift and becoming a member of the Legacy Circle, you can make a final donation that reaffirms your commitment and is a lasting memorial to it.
The WMCT provides critical support to emerging Canadian classical musicians – both financially and by producing Music in the Afternoon concerts at which they can perform. The WMCT helps support artists at the stage in their careers when they need it most.
How to Make a Planned Gift to the WMCT
Make a Will: A will is a legal document that outlines your wishes on how your assets should be distributed after your death. A financial planner can help integrate your charitable gift into your overall financial plan and maximize tax benefits. Consult a lawyer to ensure your will is drafted correctly and to clarify the legal structure of your gift. Use the legal name: Women’s Musical Club of Toronto
Designate the Gift: You can specify which type of bequest you want to give, for example:
Simple Bequest: A specific amount of money or a specific asset (e.g. securities)
Percentage Bequest: A portion of your total estate.
Residual Bequest: What remains of your estate after all other debts, taxes, and expenses have been paid.
Join the Legacy Circle
The Legacy Circle celebrates those who have decided to make a planned gift to the WMCT. If you wish to make a simple bequest in your will, you may of course do so without informing the WMCT. If you choose to tell us of your planned gift, we will be delighted to recognize your generosity and acknowledge you as a member of the Legacy Circle. Other supporters may be encouraged to make planned gifts! Legacy Circle members may choose to receive recognition in the programs of Music in the Afternoon concerts and in the annual report of the WMCT.
Benefits to You
Tax Advantages: For charitable bequests, your estate can receive donation tax credits, which may offset up to 100% of the final tax return and the prior year’s return.
Legacy Creation: You can support a cause you care about, leaving a lasting legacy that benefits the community beyond your lifetime.
Flexibility: Bequests can be changed or updated at any time by altering your will.
No Immediate Financial Impact: You continue to control and use your assets during your lifetime, with the gift only being realized after your death.
Further Information
The Women’s Musical Club of Toronto would be happy to discuss planned giving on an individual basis. Please contact us for further information.
Women’s Musical Club of Toronto
2 Bloor St W, suite 700
Toronto ON M4W 3E2
416-923-7052
wmct@wmct.on.ca
Charitable Business Number 86727 0647 RR0001
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