A planned gift to Concordia University will shape future generations of students but can also help shape your future by realizing your philanthropic objectives and maximizing tax and other financial benefits.
Meet Tania Shamy — a three-time Concordia graduate, BFA 69, Dip Ed 72, MA 84 — whose late mother remains a continuous source of inspiration. Yolande Tomiuk, BA 70, had four children yet managed to complete an undergraduate degree as an evening student at Concordia University. After Yolande passed away, Tania contacted Planned Giving to create a bursary for women scholars that would pay homage to her mother.
A planned gift is an integral part of your financial plan
We will work with your professional advisors to design your planned gift to best suit you. This includes deciding where your gift will be designated; from athletics and libraries to physical resources and research, you can give to over 300 areas of your choosing at Concordia.
Capital gains taxes on shares, bonds or mutual funds are eliminated upon donation to the university. Read more about listed securities.
Name Concordia as owner and irrevocable beneficiary of your policy. This type of gift is appropriate for donors aged 30 to 60 who hold an existing policy that is no longer needed, or who wants to make a large gift yet have limited resources.
A bequest is a gift promised in a will that can reduce estate taxes. Bequests may consist of a variety of asset types: registered funds, pension-plan accumulation, RRSP or RRIF.
Charitable remainder trust
Most appropriate for donors aged 70 and up, a charitable remainder trust is an irrevocable transfer to a trust, either during the donor's lifetime or through a will. The trust pays an income to the designated beneficiaries during their lifetime and the remainder is then transferred to the university.
Residual interest in real estate or art
A principle residence, vacation home or artwork is transferred to the university, while the right to use and enjoyment is retained by the donor for life.
Gift plus annuity
In return for a donation of fixed-income investments, the donor receives guaranteed payments for life, a large portion of which is tax free. A gift plus annuity is most appropriate for donors aged 68 and up.
Restricted share units and stock options
Often overlooked, these two giving options are best suited to executives.