Donate RRSPs and RRIFs
You may name the Stephen Lewis Foundation as a direct beneficiary of your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF).
When naming a charitable organization as the beneficiary of all or a portion of your RRSP or RRIF, the amount donated will not be subject to probate and your estate will receive a charitable donation tax receipt for the total amount given. RRSPs and RRIFs that are not donated are subject to (sometimes significant) taxes in the year of death and also enter probate, a time-consuming process during which the estate has no access to the funds involved.
To include SLF as the beneficiary of your RRSP or RRIF, simply contact your financial advisor or the institution holding the fund and ask them to change or add to the beneficiary designation.
To discuss this option further, please contact Nancy Forgrave, Director of Development, at 416-533-9292 ext. 262, or toll free at
1-888-203-9990.