Gifts of Cash

 A Gift in Your Will

Bequests are gifts made through wills. You can donate a specific sum of money, a percentage of your estate, or a piece of property. Whatever the gift, it would be paid to King’s after your death.

To make a bequest, please consult your lawyer about your will. Unless you prefer to remain anonymous, please let us know if King’s University College is named in your will, as we would like to have the opportunity to recognize your support during your lifetime. 

 Life Insurance

There are several ways to donate using life insurance and each one has different tax benefits.

• You can purchase a new policy and name King’s University College Foundation as the beneficiary. You will receive tax deductible receipts for premiums paid.
• You can donate an existing policy if you name King’s University College Foundation as the beneficiary. You will receive a tax receipt for the full cash surrender value of the policy.
• You can name King’s University College Foundation as the beneficiary of a policy and your estate will receive an official receipt to be used on the final tax return.
Please consult your life insurance agent and any other pertinent advisors.

Gifts of Securities

The Federal Budget tabled in May 2006 eliminated capital gains tax on charitable gifts of appreciated securities.  This measure brings the capital gains tax rate to zero on gifts of appreciated securities donated to a charity.  With a previous capital gains tax rate assessed on 50% of the capital gain, this new measure provides more incentive than ever for individuals to donate appreciated securities to their favourite charities.It is easy to donate securities. Typically donors transfer securities electronically to the College’s brokerage account. We have a convenient set of transfer instructions for the donors and their investment advisors. Donors may also transfer the physical share certificates. Tax receipts are issued based on the fair market value the day the securities are received in our brokerage account.In many cases, making a gift of securities has enabled donors to consider more substantial gifts than they ever thought possible. It has also helped people to fulfill dreams of leaving a mark on King’s through named gifts such as scholarships and bursaries. If you have appreciated securities, such as stocks, bonds, or mutual funds, consider using them to make a gift. With the elimination of capital gains tax, giving securities can be more advantageous tax-wise than giving an equivalent amount of cash.Please consult with your financial or tax advisor about making a gift of securities to King’s.