ÍâÁ÷ӰƬ

A gift of life insurance to ÍâÁ÷ӰƬ can enable you to make a significant gift with a minimal outlay of current savings or income. It can also provide you with an immediate tax advantage and the ability to leave a substantial legacy. The proceeds from the policy will go towards a project or fund you personally have selected.

Benefits of transferring ownership of an existing policy to ÍâÁ÷ӰƬ:

• A charitable tax receipt is issued for the cash surrender value of the policy.
• The donor can designate how the money is to be used by ÍâÁ÷ӰƬ

 

Benefits of transferring ownership of a new policy to ÍâÁ÷ӰƬ:

• The annual premiums are eligible for a charitable tax receipt.
• During the period in which the policy is being paid off, the resulting tax credit will help defray almost 50 per cent of the premium cost.
• The donor can designate how the money is to be used by ÍâÁ÷ӰƬ.

 

Benefits of naming ÍâÁ÷ӰƬ as the direct beneficiary of the donor's policy:

• When the University is the direct beneficiary of the donor's life insurance proceeds, the donor’s estate may also be eligible for a charitable tax receipt.
• A gift of life insurance is not subject to probate since the death benefit is paid directly to the University.
• The donor can designate how the money is to be used by ÍâÁ÷ӰƬ.
• For more information about the financial benefits of giving a gift of life insurance by Will or by designating ÍâÁ÷ӰƬ as beneficiary please contact Donor Relations.

 

If you are considering a gift to ÍâÁ÷ӰƬ, we strongly recommend that you seek professional financial and legal advice that takes into account your unique circumstances.

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