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