A gift that gives back
Charitable Gift Annuities provide both immediate support to U of T and a secure income stream for your lifetime. Depending upon your age, this income may be 100 per cent tax-free.
A portion of the total contribution is used to purchase the annuity from a licensed insurance company, while the balance is retained by U of T as an immediate donation, for which you receive a charitable tax receipt.
The gift portion can support the University’s greatest needs, or you can designate it to a University priority that meets your interests.
Benefits of a charitable gift annuity
- You receive a guaranteed income for life. Annuity rates are typically much higher than the return on guaranteed income investments.
- Depending on your age, a substantial portion or all of the annuity payment is tax-free.
- You receive a charitable tax receipt for the gift portion.
Example — a charitable gift annuity for an 80-year-old:
A transfer of $75,000 creates annual payments of $3,951, guaranteed for life, while $25,000 becomes the gift portion to U of T and the amount of your charitable tax receipt.
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.