Established in 2020, the Legacy Club was created to recognize generous future bequests to The Thunder Bay Historical Museum Society. The Legacy Club provides an opportunity to recognize those who share the common goal of giving back and supporting the continued preservation of history in Northwestern Ontario.
“As changes in our society become more rapid the need to be able to trace the paths that got us to where we are now will become even more important. The Historical Museum is our history bank. It will continue to provide the answers to those who come after us as to how our community grew, achieved and evolved.
These valuable benchmarks are vital for future generations. All over the world people question as to how they got to where they are, the Legacy Club will be key to ensuring our history is well-documented for all to know. This is our bank of community history knowledge and pride.”
A Gift in Your Will
Name The Thunder Bay Museum as a beneficiary in your Will. Gifts can be a specific dollar amount, asset, percent or residual of your estate and tailored to a specific area.
Gifts of Life Insurance
Designate The Thunder Bay Museum as the beneficiary of an insurance policy. If the policy is owned by the Museum, the donor receives a tax receipt for each premium paid. If the donor retains ownership of the policy, the death benefit that is paid to the Museum is eligible for a tax receipt.
Gifts of RRSPs/RRIFs
Designate The Thunder Bay Museum as the beneficiary of a qualified retirement plan. Your estate will receive a tax receipt for the full value of the assets and significantly decrease or eliminate the estate tax burden.
For Restricted Bequests: “I give and bequeath to the Thunder Bay Historical Museum Society, in the Province of Ontario, Canada, the sum of $___________ (or designated property or portion (%) of Estate) to be used for the purposes of _______________.”
For Unrestricted: Bequests: “I give and bequeath to Thunder Bay Historical Museum Society, in the Province of Ontario, Canada, the sum of $ _______ (or designated property or portion (%) of Estate) to be used for the purposes of Thunder Bay Historical Museum Society at the Board of Directors shall determine in its absolute discretion.”
An Additional Clause For All Bequests: In order that Thunder Bay Historical Museum Society may always be able to fulfill the spirit and intent of the donor’s wishes, we suggest the following additional clause: “In the event that unforeseen circumstances make the specified use of this bequest no longer practical or desirable, the Board of Directors of the Thunder Bay Historical Museum Society in conjunction with the Executive Director of Thunder Bay Historical Museum Society is hereby authorized to make such changes that are in keeping as far as possible with the spirit and general intent of this bequest.”
For Named Endowed Scholarships, Bursaries or Awards (minimum required amount – $10,000): “I give and bequeath the sum of $_____________ (or designated property or portion of Estate) to Thunder Bay Historical Museum Society, in the Province of Ontario, Canada, to be held as an endowment fund, the income of which is to be used by the said Museum to create and maintain a scholarship (bursary or awards) in my name (or; in memory of ____________) to for the express purpose of _____________________________.”
For Named Non-Endowed Annual Award (minimum required amount – $5,000): “I give and bequeath the sum of $________ (or designated property or portion of Estate), to Thunder Bay Historical Museum Society, in the Province of Ontario, Canada, to be held as a non-endowed fund the amount of which is to be used by the said Society to create a scholarship bursary or award in my name (or; in memory of) for the express purpose of _____________________________.”
Thunder Bay Museum | 425 Donald St. E., Thunder Bay, ON P7E 5V1 | (807) 623-0801
