Anyone with the desire to give has the ability to leave a legacy to the Atlantic Veterinary College (AVC) at the University of Prince Edward Island. It does not require great wealth. It only requires Planned Giving.
Planned Giving is making a charitable gift in such a way that you maximize tax and financial benefits. The gift may be a one-time donation, a series of payments over a set period of time, or ongoing support. It may be a current gift for use now, a deferred gift for use in the future, or a combination of the two.
For example, an annual student prize named to honour your parents could be established now by means of an annual gift. A deferred gift made through the purchase of life insurance will then ensure that the award will continue on in perpetuity. This way, the donor has the pleasure of seeing the impact of the gift and honouring someone in his or her lifetime, while maximizing tax savings.
While many planned gifts are made through bequests in a will, there are other options such as life insurance, using cash to create a gift annuity or charitable remainder trust, or gifts of property such as stocks or real estate.
The Government of Canada?s 50 per cent reduction in capital gains tax on donations of appreciated property (including stocks, bonds, and mutual funds) may make this the most tax-wise option.
For more information on making a gift to the Atlantic Veterinary College, please contact us at:
AVC Advancement Services
2nd Floor, Main Building, UPEI
550 University Avenue
Charlottetown, PEI, Canada C1A 4P3
Tel.:(902) 566-0615
Toll-free:1-(866)-453-4119
Fax:(902) 566-0782
E-mail: legacy@upei.ca