Planned Giving At A Glance

Gift Type Acceptable Assets Suitable For Benefit to Donor Benefit to the U of L Notes for Donor/Advisor
Cash
  • Cash
  • Anyone
  • Charitable receipt
  • Satisfaction of seeing funds used
  • Immediately useful
Securities
  • Publicly traded securities
  • Stocks
  • Bonds
  • Mutual funds
  • Donors who are invested in the market and can afford to give up the principal and earnings on their investment
  • Avoidance of tax on capital gain
  • Tax receipt for fair market value
  • Satisfaction of seeing funds used
  • Immediately useful
  • The U of L has forms to facilitate transactions
Bequest
  • Cash
  • Securities
  • Real estate
  • Other Property
  • Anyone
  • Especially those people with independent family or few heirs
  • Satisfaction of knowing that a difference will be made in the future
  • Membership in the Fiat Lux Legacy Society
  • Future gift
  • Please consult with the U of L, especially if gifts of property or real estate are part of the bequest
  • Certain types of gifts may need the U of L's approval
  • Prior discussion facilitates successful processes
Life Insurance ā€” U of L Named as Owner and Beneficiary
  • Whole life or term policy
  • Donors 30 to 60 years old
  • Those who have an older policy they no longer need
  • Donors who want to make larger gifts, but may have modest resources
  • Tax receipt for cash value and future premium payments
  • Turn pennies into dollars through leveraged gifts
  • Membership in the Fiat Lux Legacy Society
  • Immediate access to cash
  • Death benefit if policy is retained
  • Please consult with the U of L prior to ensure smooth process for receipting or other issues
Life Insurance ā€” U of L Named as Beneficiary ā€” Not Owner
  • Whole life or term policy
  • Donors who may have charitable intent, but have personal/family needs that may change
  • Estate receives tax receipt
  • Membership in the Fiat Lux Legacy Society
  • Death benefit provided beneficiary is not changed during lifetime
  • Please consult with the U of L prior to ensure smooth process for receipting or other issues
Real estate
  • Real estate
  • Donors who may have charitable intent, but have personal/family needs that may change
  • Estate receives tax receipt
  • Membership in the Fiat Lux Legacy Society
  • Death benefit provided beneficiary is not changed during lifetime
  • Please consult with the U of L prior to ensure smooth process for receipting or other issues
Certified Cultural Property (Cultural Review Board)
  • Art
  • Artifacts
  • Historical Structures
  • Donors who desire to preserve their valuable items for future generations
  • Tax receipt based on certified appraisal
  • 100 per cent contribution limit
  • No tax on capital gain
  • Immediately added to art collection or archives
  • Please consult with the U of L, as certain types of gifts may need the U of L's approval before acceptance
Other Gift-In-Kind
  • Any tangible property that can be readily accepted and used for the U of L's purposes
  • Donors with property they no longer need
  • Tax receipt based on appraisal
  • Satisfaction of seeing gift at work
  • Can be retained or sold for immediate use
  • Please consult with the U of L, as certain types of gifts may need the U of L's approval before acceptance
Interest-Free Loan
  • Cash
  • Donors who have an adequate income, but want to retain principal for possible use in the future
  • Principal revocable at anytime (often predetermined)
  • Interest on loan is non-taxable to the donor
  • Capital for building or investment without interest costs
  • Please consult with the U of L prior to discuss relevant needs
Charitable Gift Annuity (Re-insured)
  • Cash
  • Securities
  • Donors over the age of 65 who need or want secure income for life or a term
  • Income often may be tax free
  • Tax receipt for portion of gift
  • Membership in the Fiat Lux Legacy Society
  • Irrevocable gift (portion available after buying annuity)
  • Please consult with the U of L for gathering quotes and providing receipts
Gift of Residual Interest
  • Principle residence
  • Other property
  • Real estate
  • Art
  • Donors over the age of 70 who might otherwise give the gift through bequest
  • Tax receipt for present value of residual interest
  • Donor continues to use property for life or a term
  • Possible tax avoidance on gain
  • Not subject to probate
  • Membership in the Fiat Lux Legacy Society
  • Irrevocable future gift of property
  • Not subject to probate
  • Please consult with the U of L for receipting and other issues
Charitable Remainder Trust
  • Cash
  • Securities
  • Real estate
  • Donors over the age of 70 who want to make a future gift
  • Donors who want a tax receipt now
  • Donors who want investment income
  • Immediate tax receipt for present value of remainder interest
  • Avoidance of tax on portion or all of capital gains (depending on circumstance)
  • Membership in the Fiat Lux Legacy Society
  • Irrevocable future gift of principal remaining
  • Complex gift with special tax and legal considerations
  • Consult with the U of L, as well as legal and tax advisors
Registered Retirement Savings Plan (RRSP) / Registered Retired Income Funds (RRIF)
  • RRSP
  • RRIF
  • Donors with RRSP or RRIF
  • Donors with independent children or no children
  • Especially suited to a surviving spouse
  • Satisfaction of knowing that a difference will be made in the future
  • Membership in the Fiat Lux Legacy Society
  • Can directly designate the U of L as a beneficiary
  • Not subject to probate
  • Estate receives tax receipt
  • Can receive a potential substantial gift in the future
  • Donors can leave other lesser taxed assets to their heirs