Planned Giving: Bequests
Your will is an important legal document that allows you to continue to care for the people, causes and interests that have mattered most to you during your lifetime. A bequest to Algoma University will provide acknowledgement of the importance you have placed on post-secondary education. Your memory will live on in perpetuity through your gift and will help students in years to come.
A bequest is a planned gift made through your will which provides you with the opportunity to make a substantial gift to Algoma University in the future without diminishing your assets today. Your legacy lives on through your bequest and your estate can benefit from considerable tax savings. Gifts made through your will provide charitable tax credits that can offset taxes owed that would otherwise diminish the value of your estate.
With a bequest of $20,000 or more, you can create an endowed fund that will benefit Algoma University in perpetuity.
There are different types of bequests to consider:
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A general bequest allows you to designate a specific amount of money to Algoma University.
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A residual bequest allows you to direct all or a percentage of the remaining estate to Algoma University, after debts and other bequests have been paid.
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You may choose to make a specific bequest to Algoma University. Bequests can also be made in the form of stocks.
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A contingent bequest is a gift that is left to a secondary beneficiary. If the first beneficiary is unable to receive the gift, it is directed accordingly to the secondary beneficiary.
For more information about planning a gift to Algoma University, please contact a member of our Gift Planning Team.
Donate Now
You can invest right now in the future of your community by contributing to The Algoma University Foundation through a secure, online transaction at Canada Helps.
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