Direct financial donations play a huge role in the faculty, but you can also contribute in other creative ways.
Donate online through our secure site or select an alternate funding option. You will be asked for your contact and billing information. Your gift qualifies for a charitable receipt
Charitable Bequest through a Will – This could be for a specific amount or a percentage of your estate. Unlike annual donations, a bequest through a will is made as a disposition of capital assets such as securities, land and cash. RRSPs, RRIFs and life insurance policies may also name the charity as a beneficiary. Additionally, 100% of the donation may be applied against income in both the year of death and the previous year to provide further savings for the estate.
Life Insurance Policies – The donor makes a large future gift for very little cost. This can be accomplished through:
- Purchase a new life insurance policy and name the charity as owner and beneficiary. The donor receives a charitable donation receipt for the premium payments during their lifetime.
- Donation of an existing policy, naming the charity owner and beneficiary with the cash surrender value and any premium payments (if applicable) being the donation.
- Retain policy ownership and designate the charity as beneficiary directly or through a will. The donor’s estate is provided with a charitable donation receipt.
Appreciated Publicly Traded Securities – The transfer of securities to a charity is a cost efficient option. If securities are donated directly to a charity, donors are taxed on only 25% of the capital gain instead of the usual 50% when securities are sold. Donors will also receive a charitable donation receipt for the full market value of the gift, which can take the form of stocks, bonds, mutual funds, warrants and options.
For more information on any of the above giving opportunities, please contact the Faculty of Medicine & Dentistry Office of Advancement.