Build your legacy with MRU in 3 easy steps
Invest in generations of impact while benefiting your estate and loved ones. Join us in creating a unique planned giving agreement that supports what matters to you.
1
Ask for Advice.
Discuss your decision with family. Ask your financial advisor whether to give a specific amount, a percentage, or the residue of your estate.
2
Talk to Your Lawyer.
Direct your lawyer to add a clause in your will or add a codicil to an existing establishing your bequest gift to the Mount Royal University.
3
Share Your Generosity.
Let us know you’ve made the generous choice to include MRU in your will. We would love to show our gratitude, confirm your wishes and help to build your legacy!
Let's create your legacy
Your gift is as unique as you are! When reviewing your financial plans, consider how you want your legacy to shape future communities. There are many ways you can leave a planned gift to Mount Royal including:
Looking for customized information about planned giving at MRU?
Contact:
Paul Chambers
Senior Development Officer
403.440.8649
pchambers@mtroyal.ca
A gift made in your Will, also known as a bequest, is one of the easiest ways to make a significant gift. Your gift can include cash, securities, retirement funds, real estate or other property. The most common types of bequests are:
- Residual bequests: Designate all or part of your estate to Mount Royal. This bequest will not need to be updated even as your estate adjusts in size.
- Specific bequests: Designate a fixed dollar amount or property to Mount Royal. The size of the gift will remain fixed and is the first to be distributed.
Do you own an older insurance policy that is no longer needed? A gift of life insurance may be a smart option to make a substantial donation at a relatively low cost. A life insurance policy may be contributed by:
- Designating Mount Royal as the beneficiary and owner of an existing policy you no longer require. The tax receipt is issued for the current cash surrender value of the policy and for premiums paid after the date of transfer.
- Purchasing a new policy and naming Mount Royal as the owner and beneficiary. As the donor, you pay the premiums and receive an annual charitable tax receipt.
Publicly traded securities include shares, mutual funds and bonds traded on Canadian and most US stock exchanges. Canadians are no longer taxed on capital gain accrued on gifts of publicly traded securities donated directly to a registered charity.
- A gift of securities is a tax-effective opportunity to transform an asset of appreciated securities into an impactful gift for MRU students.
- The capital gains tax advantage can also apply to donations of publicly traded shares acquired through employee stock options.
Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs) and Tax-Free Saving Account (TFSAs.)
Many people use tax-deferred accounts such as RRSPs, RRIFs and TFSAs as part of their long-term retirement plan. By naming Mount Royal University Foundation as a beneficiary on your plan, you can donate a portion or all of any remaining retirement funds when your estate is settled. Consult your financial and/or legal advisors before arranging a gift of RRSPs, RRIFs, or TFSAs.
Many people use tax-deferred accounts such as RRSPs, RRIFs and TFSAs as part of their long-term retirement plan. By naming Mount Royal University Foundation as a beneficiary on your plan, you can donate a portion or all of any remaining retirement funds when your estate is settled. Consult your financial and/or legal advisors before arranging a gift of RRSPs, RRIFs, or TFSAs.
Real property: Real property, including residential and commercial real estate can be donated to Mount Royal. They can be made either through the donor’s estate or during their lifetime. Gifts of Real property and land may be used to either enhance current programs or alternatively may be converted to cash with proceeds to be used to fund your preferred University activity.
Personal property: A gift of personal property, such as artwork, furniture, equipment and collections, can be utilized by Mount Royal in two ways: proceeds would be available for use by Mount Royal upon the sale of the property or Mount Royal would retain and use the property. These gifts are called “gifts-in-kind” and the gift receipt will represent fair market value.
**Please note: information provided is of a general nature and is not intended to constitute personal financial. Please consult your financial and/or legal advisor(s).
Personal property: A gift of personal property, such as artwork, furniture, equipment and collections, can be utilized by Mount Royal in two ways: proceeds would be available for use by Mount Royal upon the sale of the property or Mount Royal would retain and use the property. These gifts are called “gifts-in-kind” and the gift receipt will represent fair market value.
**Please note: information provided is of a general nature and is not intended to constitute personal financial. Please consult your financial and/or legal advisor(s).
You can direct your donor-advised fund to support any area at MRU by simply connecting with your financial advisor.