Wills and Future Gifts

I’m not wealthy. Can I make a planned gift?

Anyone can make a planned gift. There is no such thing as an insignificant gift. Planned gifts have little to no impact on your immediate financial situation, and designating even 1% of your estate can result in a sizeable  gift to UWaterloo.

What about my loved ones?

You can include your loved ones AND the University of Waterloo in your estate plans. We encourage you to discuss a planned gift with your loved ones to help them gain an understanding of your values and wishes.

What’s the most common type of planned gift?

A gift in your will is the most common type of planned gift. You can specify a dollar amount or a percentage of your estate. A gift in your will has no impact on your financial situation during your lifetime, and it potentially offers considerable tax savings for your estate. Your lawyer can prepare a simple statement (known as a codicil) to add to your existing will.

Does making a gift in my will benefit my loved ones financially?

A gift in your will can provide your estate with an income tax receipt that may reduce the taxes owed by your estate, leaving more for your loved ones.

How will the University use my planned gift?

You can direct your planned gift to one of the University of Waterloo’s faculties, schools or affiliated and federated institutions (university colleges), or to a specific project or area that is meaningful to you. You may also wish to leave your gift undesignated, allowing the University’s leadership to decide where your gift will make the greatest impact.

What if I change my mind after making a planned gift?

You can change your mind at any time by updating your will and/or beneficiary designations.

Do I need to tell you I have included UWaterloo in my estate plans?

You are under no obligation to tell us of your decision, but doing so would allow us to thank you for your generosity and give you the opportunity to discuss how your gift can best reflect your values and wishes.

Who can help me arrange a planned gift?

We encourage you to speak with a professional for detailed advice. Lawyers, financial planners, accountants, and insurance agents can provide expert guidance based on your personal circumstances. The University’s Planned Giving team members are also here to provide general information about the types of planned gifts and how they can support your philanthropic vision.