Gifts that Give Back
With some gift arrangements, you'll be able to realize income and charitable tax credits now while leaving a legacy gift to Canada's university for the future.
The information provided on the following sheets refers to charitable gifts made in Canada by Canadian residents. If you are residing in the United States, we recommend that you consult the document entitled: Charitable Gifts from the United States to the University of Ottawa or contact Maurice Prevost for more information.
Annuities
A charitable gift annuity is a safe investment that does double duty as a gift to the University and as an income to you for the rest of your life. Depending on your age, all or part of the income from the investment may be tax-free.
Charitable Remainder Trusts
A charitable remainder trust enables you to transfer assets such as cash, securities, or real estate to a trustee. You may retain the right to income from the trust for life or for a specified number of years. At the end of the specified term, the principal remaining in the trust becomes your lasting gift to the University of Ottawa. You will receive an immediate tax-creditable receipt reflecting the trust’s present value and a possible deferred savings in capital gains and estate taxes.
Residual Interests
By making a gift of residual interest, property is deeded to the University of Ottawa. For example, it is possible to donate property (a favourite painting) or real estate (your house or cottage) today while retaining the right to use and enjoy them during your lifetime. In return, the University issues you a tax-creditable receipt reflecting the present value of the residual interest. These types of gifts are usually given by people who plan to give the property to the University through a gift in their will, but want to reduce their income tax now while retaining the right to use and enjoy the property.
Disclaimer
The information provided on this Web site is general in nature and is not intended to constitute legal advice. Since each individual’s financial circumstances are unique, you are advised to consult with a qualified professional advisor.