Legacy

Legacy Gifts are becoming an increasingly popular method of donating to Brandon University. In addition to attractive tax incentives, many individuals and business want to leave their own legacy by which they will be remembered. Gifts of any size are appreciated and have far-reaching benefits that impact greatly on the well-being of the University community. Methods of giving are as widely varied as the funding interests of our donors.

A Legacy Gift can help you achieve your philanthropic goal of providing support for Brandon University and ensure that your personal financial objectives are met.

Legacy Gifts can be undesignated, in support of the University’s area of greatest need, or directed to something more specific. You may choose to strengthen an existing endowment or create a new one. Scholarships, fellowships, research, and equipment funds are only a few examples of areas that would benefit from your support. A number of naming opportunities exist.

What is a Legacy Gift?

A Legacy Gift is a charitable donation arranged during a donor’s lifetime but generally not available to Brandon University until sometime in the future. Combined with estate and tax planning, legacy gifts can maintain the value of your estate for loved ones while allowing you to make a gift without affecting your current lifestyle.

Gifts do not necessarily have to be deferred until the end of one’s life to be considered a Legacy Gift. Some donors prefer to make an outright gift to immediately see the impact of their generosity. Any donation of substantial assets given during your lifetime, designed to meet your charitable goals and sometimes to maximize tax or estate planning objectives is also considered to be a Planned Gift.

Advantages of Legacy Giving

Legacy Gifts offer many advantages to you and the University:

  • A lifetime relationship is established between the University and citizens like you who care about the University’s future
  • Legacy Gifts are your investment in the education of future generations
  • Legacy Gifts allow the University to plan ahead with confidence because farsighted donors like you have made future commitments
  • Legacy Gifts may allow you to make gifts without affecting your current financial circumstances
  • Like cash donations to the University, Legacy Gifts qualify for charitable receipts
  • Combined with estate and tax planning, Legacy Gifts can maintain the value of your estate for your heirs, while at the same time allowing you to make significant gifts, and achieve tax savings
  • When other options to provide tax protection are no longer available because of your age or other factors, Legacy Giving vehicles may offer some attractive alternatives as you review your financial plan.

Leave a Legacy Manitoba

Brandon University is registered participant of the Manitoba Leave a Legacy program. Leave a Legacy Manitoba is an initiative of the Canadian Association of Gift Planners in Manitoba to promote interest in charitable giving through a will or an estate plan. Leave a Legacy Manitoba is a collaborative effort involving professional advisors and charitable organizations including social service agencies, foundations, educational institutions, health organizations and other religious, environmental and philanthropic groups.

Leave a Legacy is endorsed by the Canadian Association of Financial Planners, Canadian Association of Insurance and Financial Advisors, Certified General Accountants of Manitoba, Certified Management Accountants, The Institute of Chartered Accountants of Manitoba, Manitoba Bar Association, and The Law Society of Manitoba.

Check out their web site at www.leavealegacy.ca/program/help/locate/manitoba

Request a Legacy Giving Brochure

You can request a copy of the Planned Giving brochure by sending an email with your address to: advancement@brandonu.ca

Other ways to contact the Institutional Advancement office

If you are thinking about preparing a will, a bequest to Brandon University is a simple inclusion. Sample clauses, available through the Institutional Advancement office, have been prepared and may assist you when meeting with your lawyer. If you are updating your will and contemplating a bequest to Brandon University, the addition of a codicil should be discussed with your lawyer.

General Bequests

A general bequest designates a specific dollar amount of cash to the University. “I give to Brandon University the sum of thirty thousand dollars ($30,000) to be used for the purpose of…”

Special Bequests

Specific bequests identify a specific item of property, such as shares, to be donated. “I give to Brandon University all my shares of stock in (name of the company)…”

Residual Bequests

A residual bequest directs that the University receives all or a portion of what remains in the estate after all taxes, debts, expenses, and other wishes have been fulfilled. “I give to Brandon University 30% of the rest, residue and remainder of my estate..”

Contingent Bequests

A contingent bequest only takes effect under certain conditions such as the prior death of one’s spouse or other beneficiaries. “in the event that my spouse does not survive me, I give to Brandon University…”

Trust Remainder Bequests

Trust remainder bequest instruct that named beneficiaries receive income from a trust established in the will. Upon the death of the surviving beneficiaries, all or part of the principal passes to the University.

 

This information is intended to provide general guidelines and not to advise anyone on what he or she should do in a particular situation. As everyone’s situation is different, we recommend that you consult with your professional advisor(s) before making any decisions pertaining to legacy giving.