A Prescription for a Brighter Tomorrow

• Benefits
• Ways of giving
• Areas of need
• What you need to know
• Download the Planned Giving form

Benefits

• Satisfaction - Knowing that you are giving back to your school may hold special significance for you.
• Control - Reducing the risk that your wishes will be hindered by circumstances beyond your control.
• Peace of mind - Ensuring that family and financial matters are resolved privately.
• Convenience - Putting your investment in the hands of professional managers, so you don't have to worry about ongoing decisions.
• Security - Finalizing your charitable choices now instead of later - or never. Too many people postpone or never realize theirs.
• Financial - Lowering your current taxes and/or lowering the taxes your estate will be required to pay.

Ways of giving

• Bequests
  The easiest way for you to assist Memorial is through your will. The university can accept and provide charitable receipts for both cash bequests and gifts in kind. We can also assist with drafting the bequest.
  
  
• Life Insurance Policy
  A powerful gift with big benefits. Small annual instalments can mean a substantial gift for the university, plus your estate is not affected and the gift is not diminished due to taxes, probate or administration fees. Choose to donate with an existing policy or a new one.
  
  
• Charitable Remainder Trust (CRT)
  A CRT is an irrevocable trust that provides income for two sets of beneficiaries: you and the university. You receive income for a specified period (or for life) from the trust. The university receives the principal of the trust once that period ends.
  
  
• Gifts in Kind
  The university is also able to accept donations of real property such as stocks, bonds, artwork, houses, land, books and other assets. Gifts in kind may be made as outright gifts, through a will or in trust.
  
  
• RRSPs/RRIF's
  A high potential option - both for the amount you can give and the tax benefits you receive. You simply provide in your will for the same amount to be bequeathed to the university.
  
  
• Real Estate
  Perhaps not the traditional way of giving, but a very effective one nonetheless. Land or buildings, commercial or private, make excellent charitable gifts. The property can either be used by the university or sold, with the proceeds used for purposes designated by the donor.

Areas of need

• Scholarships and Awards - reward achievement. Establish a scholarship endowment in your name or in the name of the person you wish to memorialize. A gift of $22,000, depending on interest rates, could provide an annual scholarship of $1000 in perpetuity.
• Fellowships - promote excellence. Recognize the continued pursuit of innovation by funding the work of full-time graduate students with high academic standing.
• Research - support possibility. Create an endowment to help fund the ideas and advancements that are unfolding every day in School of Pharmacy’s research laboratories. Supporting an area like research that will ensure that we can continue our efforts to develop drugs that can combat disease or improve the quality of life for patients.
• Equipment - ensure quality. Your bequest can go a long way towards the replacement and upgrading of School of Pharmacy equipment needed for research and teaching.
• Library - increase resources. Designate funds to support particular portions of a library's collection (e.g., Clinical Practice or Pharmaceutical Guides) or for the discretionary use of the university librarian.
• Discretionary - fulfill a need. Allow your gift to be directed to an area of essential and immediate need for which little or no funds are available.
• Facilities - build, improve and expand. Bequests are always welcome for major renovations to the School of Pharmacy classrooms and labs, as well as the construction of new ones.

What you need to know