Through careful planning, it is often possible to make your gift go farther than you thought possible. There are a variety of creative ways for you to support Booth University College, while reducing the impact of taxes. Here are just a few of the many options which you may wish to discuss with your family and financial advisor.
* See also Impact of Giving.
The most common and frequent gifts come in the form of a cash payment (via an online or mailed donation – credit card/pay pal or cheque/money order). It is an immediate expression of your support and investment in the lives of our students and Booth University College.
Many donors choose to express their faithful support as a Monthly Donor. The benefits of being a Monthly Donor include:
- Invitations to Booth University College special events
- Recognition in the Annual Report
A bequest is the most common type of planned gift in Canada, and is also eligible for tax receipts. Bequests can be designated to a specific project or purpose of your choice. Leaving a gift to Booth University College means leaving a lasting legacy, and making a long-term impact on the institution.
A gift of publicly-traded, appreciated securities to Booth University College qualifies for special tax credits, while eliminating capital gains tax. You can also include a gift of securities in your will and your estate will benefit.
When you give a gift of a new or existing life insurance policy naming Booth University College as beneficiary you are building a sizable gift for the future with small premiums in the meantime. Depending on how you establish your policy, you will enjoy income tax credits during your lifetime, or your estate will benefit. You also can make Booth University College the beneficiary of your RRSP or RRIF with the same benefits.