Bequest by Will, whether it be a specific amount, percentage, or the residual of your estate, will have a great impact. You can give cash, appreciated stocks or other assets. Some of the most tax-efficient asset types to give through your will come from appreciated stocks, RRSPs, and RIFs. Making a bequest allows you to leave a legacy of learning while allowing you to enjoy the assets you need to maintain your current lifestyle. Please consider putting Confederation College of Applied Arts and Technology in your will.
Life Insurance provides a simple way for any individual to give a significant gift to charity, and you may enjoy tax benefits throughout your lifetime. You may choose to add Confederation College as the beneficiary to an existing policy, or take out a new policy. Either way you can leave a substantial gift with a minimum of investment.
Appreciated Stock, Mutual Funds or Employee Options are popular gifts from a wide range of donors. When you make a gift of appreciated stock you are making an immediate difference in the lives of students, therefore, reinvesting in the community and our future. Your gift qualifies for a tax credit and you avoid the capital gains tax that would otherwise occur from the sale of this stock.
Charitable Remainder Trusts can either be established during your lifetime or as a part of your estate. With this type of gift, you continue to use the property and/or receive income from it while living. The charity receives the principal after a specified period of time. The donor avoids any capital gains tax on the donated assets, and also gets an income tax deduction for the fair market value of the remainder interest that the trust earned. In addition, the asset is removed from the estate, reducing subsequent estate taxes.
A financial investment professional, accountant or lawyer can explain the details of these and other types gifts. Please seek professional advice as to what method of giving is most beneficial to your individual circumstances.
Charitable Registration Number 106966427 RR0002