Security today, your legacy tomorrow
A charitable remainder trust allows you to arrange your legacy gift now and receive an immediate charitable tax receipt, while enjoying the interest income for life.
You may designate the proceeds of the charitable remainder trust to the University’s greatest needs, or to a University priority that meets your interests.
To establish a charitable remainder trust:
- You irrevocably transfer assets (a sum of money, securities, personal or real property) into a trust to be managed by a trustee, such as a financial institution, yourself, a lawyer or other individual.
- A trust document names you or others as the beneficiary of the interest income and names U of T as the remainder beneficiary.
Benefits of a charitable remainder trust:
- You receive a charitable tax receipt for the net present value of the assets in the trust.
- You receive lifetime income from the donated asset.
- These gifts provide privacy as they are not part of your will and are not included in probate.
If all or the majority of your estate is intended for charity, then a charitable remainder trust is a way to ensure you maximize the use of your charitable tax receipts.
The King's College Circle Heritage Society recognizes alumni and friends who have remembered the University through a provision in a will or other form of planned gift.
If you have left a gift in your will, please let us know.