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The Mount Allison Experience.

Ways to Give.
Planned gifts can take many forms including bequests, life insurance, securities, charitable gift annuities and charitable remainder trusts. The most important thing is to choose/identify a type of planned gift that best reflects your individual needs from both a financial (tax) and philanthropic perspective.

• Bequests • Charitable Gift Annuities
• Life Insurance • Charitable Remainder Trust
• Securities    

Bequests
The most common type of planned gift, bequests, are a relatively simple way to make a gift to Mount Allison. That said, bequests can take different forms. Ideally you should consult with your tax accountant or lawyer for advice on which bequest would best suit your individual situation.

Specific Bequest:
   A specific dollar amount or personal asset such as real estate, securities or tangible property given to Mount Allison in a Will.

Residuary Bequest:
  
Mount Allison is bequeathed all or a share of net assets of an estate after the payment of any bequests and other estate-related expenses.

Contingent Bequest:
  
Mount Allison would receive all or a share of an estate only in the event of the prior death of other named beneficiaries.

Trust Remainder Bequests:
  
A bequest by which named beneficiaries receive income from a trust established in the Will. Upon the death of the surviving beneficiaries, all or part of the principal will pass to Mount Allison.

Testamentary Trusts:
  
A trust is set up to provide one or more heirs with income for life, after which assets pass to Mount Allison University.
Benefits to you...
•
   Planned today, a bequest is not paid to Mount Allison University until after you pass away.
•
   By carefully planning, you can eliminate all the taxes payable on death. Your executor can claim bequests equal to 100% of the net income on your final two tax returns.

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Life Insurance
There are different ways to donate using life insurance. As a donor you can give a new life insurance policy, an existing policy, or you can simply name Mount Allison as the beneficiary. A life insurance gift allows you to make a significant contribution to Mount Allison at a fraction of the value.

Benefits to you...
•
   A planned gift of life insurance can either save you tax dollars today, meaning immediate tax relief, or your estate can receive a tax credit for the face value of your policy.

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Securities
Donating through your estate is the least expensive way to make a gift of appreciate, publicly-listed securities such as stocks, bonds and mutual fund units.

Benefits to you...
•
   You will receive a charitable tax receipt for the fair market value of your donation and the taxable capital gains are reduced by a further fifty per cent.
•
   You receive the satisfaction of contributing a significant gift that will both benefit and support future generations of students at a reduced cost to you.
•   Securities are equally tax-efficient when given today or in the future through a bequest.

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Charitable Gift Annuities
Commercially re-insured charitable gift annuities are available for donors who want to make a significant gift during their lifetimes, yet need to maintain an income for retirement. Donors receive fixed guaranteed payments for life while the University receives an immediate cash gift for its current needs.

Benefits to you...
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   Gift annuities are one of the benefits of age; the older you are, the higher the annual payments will be.
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   A significant portion, if not all of the income from a gift annuity is tax-free. In some cases, a donation receipt is issued immediately, resulting in further tax savings.

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Charitable Remainder Trust
A charitable remainder trust enables you to give today and create immediate tax savings, as you retain the income or continue to make use of the donated asset. You create a trust by transferring property or other assets to a trustee and naming Mount Allison University the beneficiary of the trust.

Benefits to you...
•
   Charitable Remainder Trusts are powerful planning tools for people over age 65 who have made, or are planning to make a charitable bequest.
•
   You receive an immediate tax receipt for the present value of the donated asset and annual income from the assets in trust.
•   You receive an annual income from the assets in the Trust.

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July 26, 2010