Planned Giving - St. Peter's Seminary

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Planning a Legacy Gift to St. Peter's Seminary

A gift to St. Peter’s Seminary can be planned to occur during one’s lifetime or through a bequest. A “legacy gift” is a type of charitable gift the donor has planned in advance that is to be given in the future from the donor’s estate. Legacy gifts typically represent considerable thought about a donor’s relationship with the charitable recipient, and how that donor wants to impact the charity over a long period of time.
Angel on Building
What are the advantages to the donor of legacy giving?

A way to create a visible and inspirational testament of commitment and faith
A means of having a positive impact on a charity after death including in perpetuity
Assurance that the gift will be received at its fair market value
Capacity to leverage smaler outlays, on life insurance for example, into larger future charitable gifts
Possible gift receipts resulting in income tax credits
Possible tax avoidance of capital gains on appreciated securities, real estate or tangible personal property

Note to Donors: There may be variability in the tax treatment of a gift based on donors’ individual circumstances. Donors are urged to seek independent advice.

Planning a Gift During One's Lifetime
Common examples include: Life insurance policies, Charitable gift annuity, Charitable remainder trusts.
Click here for more information on Planning a Gift During One's Lifetime

Planning a Bequest to the Seminary
St. Peter’s Seminary, and later the St. Peter’s Seminary Foundation, have been beneficiaries of bequests since as early as 1914. Giving through a bequest in a person’s will, accounts for much of the legacy gifts made to charities in Canada today.

A gift in a will can be attractive to a donor because it allows the donor to retain full control of his/her assets, since the donor can change his/her intentions at any time. A gift of this type can have a significant impact on a donor’s estate by providing a tax credit of up to 100% of the donor’s income in the year of death.

Common examples include: General Bequest, Specific Bequest, Residual Bequest, Restricted Bequest. Click here for more information on Planning a Bequest to the Seminary.