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Planned Gifts
Gift Confirmation Form - Legacy Society
A planned gift to St. Mildred's-Lightbourn School, like a bequest or a gift of life insurance, is a wonderful and thoughtful way to support future students on their educational journey of a lifetime.
If you have made or intend to make a planned gift to St. Mildred's-Lightbourn School, please take a moment to complete this confidential form and return it to us.
Click here to download the form.
Special planned gifts to the School will help ensure that SMLS will continue to be viable and vibrant 20 or 30 years from now. Through the vehicle of a 'Planned Gift' such as a bequest left in your will, it is possible to leave a personal legacy to the School and enjoy the satisfaction of knowing you are making a difference in the lives of young women for decades to come.
This final gift is one of the finest legacies a person can leave - something that will ultimately benefit those who will follow you.
In addition to bequests, planned gifts included gifts of life insurance, charitable remainder trusts, and gifts of retirement assets. Each one has its own tax and other benefits. Anyone thinking of making a planned gift should talk to a professional advisor about the best vehicle for their situation.
Ways to give:
Charitable Bequest - your will allows you to choose what happens to your assets. A charitable bequest, or a gift in your will, enables you to support St. Mildred's-Lightbourn School and maintain your present financial security. Charitable bequests often allow donors to make more significant gifts than they could in their lifetime.
- A bequest can be arranged as a gift of cash, property, or other assets.
- Your estate will benefit from a tax receipt.
Life Insurance - an affordable way for you to make a future major gift to the School.
- Donate a new policy. Designate the School the owner and the beneficiary and you will receive a charitable tax receipt for total annual payments.
- Donate a paid-up policy. Name SMLS owner and beneficiary; a tax receipt will be issued for the current value of the policy.
- Donate an existing policy that is only partially paid up. Transfer ownership to the School and then receive a tax receipt for the current value and all future premium payments.
- Name SMLS as beneficiary of a life insurance policy, retain ownership and have access to its cash value. The future donation will be eligible for a tax credit on the final tax return.
Charitable Remainder Trust - by establishing a trust, you or your loved one can enjoy income from the trust and the School will receive what remains in the trust after the income beneficiary's death. You may be entitled to a donation receipt for the residual interest in the trust.
Gift of Retirement Assets - by designating St. Mildred's-Lightbourn School as a beneficiary you will retain full access to retirement funds during your life and then your RRSP/RRIF will pass to the School tax-free because the tax credit will offset the tax on the distribution