I’d like to make an electronic transfer of gifts of securities to Friends. How do I do this?
Friends maintains an account with Fidelity Investments for these types of gifts.
Please contact Susan Flaherty at (202) 833-0033 to alert us to any gift of securities or wired funds and to obtain the details of the Fidelity account transfer instructions.
What are the different kinds of gifts I can put in my will?
There are many ways to include a charity in your will, but these are the two most common:
Residual Bequest:
Commonly designated as all or a percentage of the estate’s residue, a residual bequest is made from the balance of an estate after all debts, bills and taxes have been paid and all specific and general gifts have been distributed.
Legacy Bequest (also known as specific bequest):
A legacy bequest is a gift of a specific dollar amount or asset, such as a house, car, stocks, or securities.
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I’m not sure what donation option is best for me. Can Friends help me decide what kind of gift I should consider?
Yes, Friends can help U.S.-based donors and their legal and tax advisors choose the best donation vehicle and explore the significant income and estate tax advantages of making cash or planned gifts to SickKids Foundation. As always, seeking legal and tax counsel to review your situation is advisable before making significant gifts.
What other future gifts should I consider?
Other than a gift in your will, you can help SickKids by:
- Designating SickKids as the beneficiary and/or owner of a new or existing life insurance policy
- Naming SickKids as the beneficiary of your pension plan, RRSP, RRIF, or TFSA
- Setting up a charitable gift annuity or charitable remainder trust
- Making a gift of property, such as real estate, jewelry, or art
- Cemetery plots
- Gift of assets - i.e securities
Why should I consider a gift to SickKids in my will?
Legacy gifts are a very important source of revenue for SickKids. Historically they have contributed significantly to our ability to deliver lifesaving treatment and research, including a bequest from Toronto philanthropist J.P. Bickell that helped establish our Research Institute, where scientists created Pablum, discovered the cystic fibrosis gene, and continue to crack the code of childhood cancers and heart disease. Bequests continue to play a crucial role in advancing the SickKids vision: Healthier Children and A Better World. A charitable bequest also gives you the comfort of knowing your assets are available today, while enabling you to leave a larger gift than might be possible in your lifetime. It’s also one of the most efficient ways to give: a gift in your will can reduce, or even eliminate, the tax burden on your beneficiaries, since your estate will receive a tax receipt for your gift.
How can I get a copy of your annual report?
Download our annual reports from our Publications and Financials section.
When will I receive my tax receipt for my monthly gifts?
Your tax receipt for the current tax year will be sent out in February of the following year. You will receive your tax receipt via email or mail (depending on your preferences) by the end of February.
