A planned gift, also known as legacy gift, is a meaningful, lasting way to help Humber continue to fulfill its vital mandate of advancing education in Canada. It is a financially sound way to make an impactful gift that will last beyond your lifetime.
The best thing about making a planned gift at Humber is that you can choose from several types of planned gifts that are available:
Humber College is a global leader in delivering innovative, responsive academic and real-world education. Humber graduates are innovators and critical thinkers, sought after for their qualifications and career-ready skills across many key and emerging industries. As the largest polytechnic in Canada, with more than 33,000 full time students, there are many areas in which your support can help, from ensuring our academic facilities and personnel are word-class, to providing scholarships that assure access to education of all students, especially those in financial need.
A planned gift is an investment in the young people who are ready to take on the challenges and opportunities of the future in Canada and the world. Please take a few moments to explore the many options available or complete the Information Request Form.
Alana Clarke, Director, Major and Planned Gifts
Once you have ensured that your estate plan provides for your family and loved ones, leaving a gift - or bequest - in your will is a simple, flexible way to make a lasting, positive impact at Humber. Bequests allow you to retain control of your assets during your lifetime, provide relief from end-of-life taxes and allow you to leave a larger gift than may have been possible during your lifetime.
You can make an undesignated bequest, or you can choose to designate your gift to one of many specific areas within the college.
Contributing publicly traded securities (stocks, mutual funds and bonds) can provide the most value for your donation, because 100% of the taxable gain in a qualifying gift of securities is exempt from taxation. In fact, you could benefit twice. Your donation receipt will be issued for the full fair market value of the securities on the date of transfer, and in computing the amount of your charitable tax credit, you get the benefit of any subsequent appreciation. These advantages can also apply to employee stock options and flow-through shares. You can enjoy highly flexible tax advantages today and in the future.
Applying all or part of your life insurance as a planned gift allows you to make a much larger gift to Humber than you might be able to do in the present. In addition to protecting yourself and your loved ones from unforeseen events, life insurance can be used to create a lasting legacy. You can take advantages of tax deductions during your lifetime or apply them to your estate. These tax benefits can apply to existing (fully or partially paid) or new life insurance policies.
A gift of all or some of the assets in your Registered Retirement Savings Plans (RRSPs) is an easy and low-cost giving option. You can manage and access your RRSP assets during your lifetime while providing for a future gift. Benefits include the ability to ensure your family's financial security and reduce estate administration taxes, all while making a significant donation and ensuring your legacy.