Legacy giving, often called planned giving, is a type of charitable giving that allows you to make a gift to the Faculty of Medicine in the future without substantially affecting your income today. Legacy gifts can include bequests in a will, gifts of life insurance, gifts of RRSP income and more.
Legacy giving is an excellent way to thank an organization that has had a positive impact on your life, to honour someone you love, to assist future students or to support an area of learning or research that holds special significance for you.
A legacy gift can also be a very practical addition to your financial or estate plan. In many cases, legacy gifts can relieve the tax burden of your heirs.
Legacy giving is not only for the wealthy — gifts of every size have an important impact. Whatever your specific situation, we will help you find a legacy giving option that works for you.
For more information on legacy giving, reach out to Memorial's Office of Development.
Benefits of Legacy Giving
Everybody wants to make a difference with their time on Earth. Legacy giving offers a way to create that impact, far beyond the measure of a lifetime.
The benefits of legacy giving include:
- Many legacy gifts, such as scholarship funds, are enduring, offering a meaningful way for you or a loved one to be remembered.
- They have significant and ongoing impact on future students, year after year.
- Legacy gifts can be something an entire family supports, especially when the gift is established in memory or honour of a loved one.
- Legacy donations provide significant tax benefits to you and your heirs by reducing your estate's taxable income.
- Some planned gifts, such as gifts of securities donated in-kind, can reduce your tax burden during your lifetime.
For more information about legacy giving at the Faculty of Medicine, please contact:
Senior Development Officer (Planned Giving), Office of Development
Development Officer, Faculty of Medicine