Legacy Giving

Supporting the future of The Royal Conservatory

Generations of talented musicians and their audiences have benefited from the vision of donors who have made legacy gifts to The Royal Conservatory through bequests, donations of appreciated securities, gifts of life insurance or gift of annuities. By including the Conservatory in your long-term financial plans, you will be able to establish a legacy in your name or in the names of loved ones that will celebrate commitment to music and the arts. A legacy gift provides immediate or deferred tax advantages, while contributing to a vital future for performance and learning at The Royal Conservatory.

For all legacy gifts, you should seek the advice of a professional advisor as you consider making decisions about charitable giving through your will, estate or insurance arrangements.

Bequests

A bequest in a donor's will is by far the most common form of legacy gift. A bequest to The Royal Conservatory provides tax relief that conserves the donor’s estate for other beneficiaries.

A bequest may designate a specific sum or asset, a percentage of the estate, or all or part of the remainder of the estate after other specific bequests are made.

It is essential that the full and proper legal name of a charity is used in making a bequest provision in a will. Our correct legal name is The Royal Conservatory of Music.

Gifts of Securities

In 2006, capital gains tax on donations to charities of publicly listed securities was eliminated by the Canadian government. Such securities include:

•	Shares, rights, and debt obligations listed on most Canadian and some foreign stock exchanges
•	Prescribed debt obligations such as strip bonds
•	Shares of the capital stock of a Canadian public mutual fund corporation
•	Units of widely held Canadian mutual fund trusts

The benefits of gifts of securities include:

•	Immediate donation receipt for fair market value of the security, determined for most securities by the closing price on the date the gift is received in the account of The Royal Conservatory
•	Favourable reductions in capital gains taxation
•	The charity pays no tax on the sale of the donated securities
•	Such donations may be made in the donor’s lifetime or after, through their estate

Gifts of Life Insurance

A gift of life insurance may be made by designating The Royal Conservatory as the owner and beneficiary of a new or existing policy. The donor receives tax credits for premium payments made.

Alternatively, the policy may be in the name of the donor and the Conservatory would be named as the beneficiary. The donor’s estate would receive a tax credit.

Additional Information

Proceeds from all planned gifts may be used to establish an endowment at The Conservatory.

The information provided here is for general purposes. In making planned and endowed gift arrangements, you should consult your lawyer or other professional advisor about the appropriate charitable giving arrangement for your personal circumstances.

Donate Online

For further information, please contact:

	Brian Quinn  Phone: 416.408.2824 x457 Email: brian.quinn@rcmusic.ca