• Overview
• Ways to Give
  • Donate Now
  • Individual Gifts
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  • Planned Gifts
    • Endowment Funds
    • Gifts of Residual Interest
    • Life Insurance
    • Charitable Trusts
    • Gifts of Stock & Securities
    • Retirement Funds
    • Bequests

Retirement Funds

You may name Wellspring as a direct beneficiary of your Registered Retirement Savings Plans (RRSPs) or your Registered Retirement Income Fund (RRIF). Gifts of RRSPs/RRIFs help provide Wellspring with the necessary support to maintain and enhance outstanding supportive care to cancer patients and their families.

RRSPs/RRIFs are among the most highly-taxed assets in your Estate. If the beneficiary of your retirement funds is someone other than your spouse or dependent child, the proceeds of the RRSP/RRIF will be taxed as ordinary income in your estate. However, if you name Wellspring as the beneficiary, the total amount of the RRSP/RRIF will be given directly to Wellspring and your estate will receive a charitable tax receipt for the total gifted amount.

Benefits of Naming Wellspring as Beneficiary of Retirement Funds

• Naming Wellspring as beneficiary of RRSPs/RRIFs is a tax-effective means of supporting Wellspring and preserves the capital in these plans to ensure that 100% of the money is received by Wellspring.
• You have full and complete use of your retirement savings while you are alive.
• RRSPs/RRIFs gifts are revocable and can be changed if your financial circumstances change.
• You can designate your gift to a specific Wellspring initiative or program that meets your interest.

Establishing a Gift of Retirement Funds

• If you have already named a beneficiary of your RRSP/RRIF but would like to include or change the beneficiary to Wellspring, simply call your financial advisor or financial institution and ask to change the beneficiary designation.
• Please use Wellspring’s full registered name "Wellspring London and Region" in your beneficiary designation clause. Wellspring’s charitable registration number is 86424 6129 RR0001.

Please contact Daniel Lockwood at 519.438.7379 for more information.