Wills and future gifts

Will

 

A planned gift to Waterloo can offer a special opportunity for you to demonstrate leadership, achieve your philanthropic and financial goals, and lower your personal income and estate taxes.


 

Types of planned gifts

 

Estate

Bequests and estate residuals

When making or revising your will, consider how a bequest can provide a lasting legacy of support for the University.

RRSP

Gifts of RRSPs/RRIFs

By designating the University as a beneficiary of RRSPs and RRIFs, the asset is transferred to Waterloo, and the estate receives a tax credit to offset the tax on income. Since the asset passes outside the estate, no probate fees are payable, which results in further savings to the estate.

Life Insurance

Gifts of life insurance

Life insurance is an economical way to give a larger and more lasting gift to Waterloo than might otherwise be possible without drawing on your assets now or depleting your estate. If structured correctly, your gift will not be included in the value of your estate and you will therefore avoid probate fees.

 

Securities Icon

Gifts of shares

There is a real advantage to making a bequest of shares to the University. Your estate receives a charitable tax receipt for the fair market value of the shares (at the time they are received) and your estate is not required to declare any resulting capital gains on income.

Charitable Gift

Charitable gift annuities

A gift annuity combines your gift to the University with an annuity. The University purchases the annuity on your behalf through a licensed life insurance company. Your guaranteed annuity payments continue throughout your lifetime, unaffected by changes in the economy or interest rates. The annuity can be written to cover both you and your spouse for life, or for a specific number of years.

Charitable Trust

Charitable remainder trusts

A charitable remainder trust is a deferred giving arrangement under which you may transfer property (cash, securities or real estate) to a trustee.

 
 

In-Kind

Gifts-in-kind

Gifts-in-kind are tangible property including works of art, books, real estate, equipment and collections. Donations of gifts-in-kind may significantly reduce your income tax payable, and charitable receipts are issued for the fair market value of the property.

 
 
 
 

 

Leaving a legacy

 

Forms and documents

Documents and links

Joanne and Sharon

We can help

Planning to include the University of Waterloo in your estate?  We encourage you to contact our planned giving staff to learn more about the benefits and resources available to you, including tax benefits and membership in the Laurel Society.

For more information, contact Joanne Stewart or Sharon McKay-Todd.

 


Looking for an easy way to keep track of your important personal documents and information in one place?

Just fill in the Personal Information Record (fillable PDF) online and print it off to store in a safe place for your loved ones.


Take a look at our Planned Giving Brochure (PDF)

planned giving brochure cover


Multiplying makes a difference

As a retired high school math and computer science teacher, David Fox (BMath '75) can speak to the value of a great education. Read how his bequest will make a difference that will multiply and divide in perpetuity.

David Fox

Read David's story


Learn about the LEAVE A LEGACY™ national public awareness program

Visit the LEAVE A LEGACY™ website.


Learn about the tax advantages of a planned gift

Visit the Canada Revenue Agency website.