The decision to leave a bequest should be made together with a notary. This ensures that it is properly included in your will, whether a specific sum, a percentage of your estate, or a particular asset.
Through planned giving, you can decide today to make a contribution that makes a lasting contribution to the world of tomorrow.
Combining financial management, tax considerations, and estate planning, planned giving can greatly enhance your philanthropic influence.
Options like bequests, life insurance contributions, donations of publicly traded securities, RRSPs or RRIFs, and in-kind gifts make it possible for UdeM to personalize your philanthropic gesture to suit your financial circumstances, and your aspirations.
When provided as an endowment, your donation will last. The principal remains intact, and the earnings are used annually, ensuring continued support over time.
Leave a lasting legacy: Plan your donations today to help us tomorrow!
A bequest is a donation provided for in a donor’s will which takes effect upon their death. It can be a sum of money, a percentage of the estate, specific assets, or shares. This type of donation allows the testator to support a cause that is near and dear to their heart.
Complete our formThe decision to leave a bequest should be made together with a notary. This ensures that it is properly included in your will, whether a specific sum, a percentage of your estate, or a particular asset.
UdeM can be notified of your intention, so that your future contribution can be acknowledged and celebrated.
A charitable donation tax credit can significantly reduce the taxes owed by the estate.
A life insurance donation occurs when an individual names a charitable organization as the beneficiary, making their life insurance policy a philanthropic gift.
Complete our formDecide whether to purchase a new life insurance policy for the purpose of the donation, or designate UdeM as the beneficiary of an existing policy. Your decision depends on personal preferences and financial circumstances.
Contact your insurance company to set up this method of donation. If you’re taking out a new policy, discuss the details and conditions with your insurer. When designating UdeM as the beneficiary of an existing policy, inform your insurer of this change.
If you decide to transfer ownership of an existing life insurance policy to UdeM, consult your insurance provider about the steps required to do so. With a transfer of ownership, UdeM becomes both the policy’s owner and the beneficiary thereof, potentially yielding further tax benefits.
For a new policy whose ownership transfers to UdeM, tax receipts will be issued for premiums paid. Transferring ownership of an existing policy may also allow for issuance of a tax receipt equivalent to the fair market value of the policy on the day of transfer. If you retain ownership of the policy but designate UdeM as the beneficiary, a donation tax credit for the death benefit will benefit the estate.
The donation of publicly traded securities is a type of philanthropy whereby an individual transfers ownership of their exchange-traded stocks, bonds, or other financial instruments to a charitable organization.
Complete our formStart by talking to your financial advisor to arrange the transfer of your publicly traded securities. This essential step helps ensure that the process happens smoothly and that it is consistent with your financial goals.
Transfer the securities to UdeM directly to qualify for a capital gains tax exemption.
When transferring the securities, indicate to UdeM how you want your donation to be used. This will ensure that your contribution has the impact you want it to have, in support of a specific “Brave the way” campaign project or pillar.
You may qualify for a capital gains tax exemption, and you will also qualify for a donation tax credit.
A donation from an RRSP (Registered Retirement Savings Plan) or RRIF (Registered Retirement Income Fund) is a type of philanthropy whereby an individual decides to leave all or part of their retirement savings to a charitable organization, or an institution such as the Université de Montréal. Such donations usually occur upon the death of the donor, and can provide the estate with substantial tax benefits.
Complete our formBegin by talking to your notary to designate the Université de Montréal as the beneficiary of your RRSP or RRIF. This process falls within the scope of financial and estate planning.
Start a conversation with UdeM to clearly express your intentions with regard to donation. This ensures that your contribution is put to use in a way that reflects your values and philanthropic goals.
The amounts withdrawn from your RRSP or RRIF and donated to UdeM generate a tax credit that can offset the taxes owed by the estate.
An in-kind donation to UdeM is a contribution whereby the donor provides physical goods, such as artwork, books, or equipment, in lieu of money. These donations add to the Université’s resources and support its educational and research missions while providing the donor with tax benefits based on the value of the donated goods.
Complete our formStart by having the item you wish to donate (artwork, equipment, etc.) appraised to determine its market value. This appraisal is essential for establishing the tax value of your donation.
Reach out to UdeM to talk about your intent to donate. The university can guide you through the process to make sure that the asset is properly assigned and valued, in line with both your intentions, and the university’s requirements.
A tax receipt based on the asset’s market value is issued, potentially allowing for a substantial reduction in income tax.
Contact us today to explore your donating options and embark on a philanthropic journey consistent with your ambitions.
All the answers you need to guide you on your journey as a committed donor.
Your donation is a reflection of your values, a way to support one of the pillars of our Brave the way campaign, and a way to express your commitment to UdeM.
Contribute to scholarships, to open the doors to academic excellence at UdeM to all.
Direct your donation towards innovative projects, reinforcing UdeM’s role as a knowledge incubator.
Support sustainable development and public health initiatives, for a direct impact on the well-being of the community, and of the environment.
Allocate your donation to programs that fight inequality and promote education in disadvantaged communities.
Every phase of life offers unique opportunities to provide UdeM with support tailored to your financial situation. For optimal planning, we suggest that you consult a financial advisor.
Talk to a notary, financial advisor, or life insurance specialist to develop a strategy that suits your particular circumstances.
Choose where you want to direct your donation–to scholarships, research, specific departments, or to general support–and discuss it with one of our advisors.
Formalize your intentions and wishes using a memorandum of understanding, which will be prepared in collaboration with our team.
Donate to leave a lasting legacy that supports UdeM and its missions for future generations.
Planned gifts may be eligible for tax credits, which may lower the income tax you owe.
Some gifts, like publicly traded securities, may be exempt from taxes on capital gains.
Bequests can lower the estate taxes owed, thereby maximizing the inheritance left to heirs and charitable causes.
The charitable donation tax credit can be carried back to previous years or carried forward to future years, offering flexibility in tax planning.
Planned giving can qualify donors for charitable donation tax credits, credits which are among the tax system’s most cost-effective.
Annuity donations can provide the donor with a stable income, and may also qualify them for tax credits.
By designating a charitable organization as the beneficiary of a life insurance policy, the donor can qualify for tax credits.
You’re free to direct your donation to the specific goal that matters most to you, ensuring that your contribution has the desired impact.
By drawing up a donation agreement with UdeM, you can specify the purpose of your donation and the conditions under which it is used.
UdeM agrees to provide you with personalized updates, keeping you informed about the ways your donation is making an impact, and how it aligns with the campaign’s values.
We have answers! Contact us today to talk about how your planned gift can serve the common good.
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