A Gift for the Future
Arrange your donation today and feel good knowing your gift will help The Royal Conservatory tomorrow.
Since 1886, The Royal Conservatory has been making a difference in the lives of thousands of Canadians across the country. It is our mission to develop human potential through leadership in music and arts education.
You can support the work of The Conservatory, fulfill your charitable goals, and achieve the best tax savings possible by making a legacy gift or a planned gift.
We invite you to leave a legacy and incorporate giving into your financial and estate planning.
Your planned gift will strengthen the long-term financial security of The Conservatory and will ensure we have the resources necessary to provide the best music and arts education possible — today, tomorrow, and forever.
There are many ways to plan a gift to The Conservatory, with some options providing greater tax savings, income, and other benefits.
Did you know:
- You can make a gift that costs you nothing during your lifetime.
- You can make a gift that leaves your cash flow and current financial planning unchanged.
- You do not have to use cash to make your gift; you can make your gift with publicly traded securities instead.
- You can give an asset you no longer need or want.
Planning your gift is an affordable way to make a significant contribution to The Royal Conservatory without impacting cash flow, lifestyle, or family security.
You can make a future gift with your estate, or you can make immediate gifts by leveraging and maximizing assets that you already own. Legacy and planned gifts can be expendable or endowed.
Find an option that best suits your own personal needs. Legacy and planned gifts come in many forms and include:
We would be pleased to speak with you over the phone or meet with you in person to discuss how you can be part of our mission to transform human potential through music and arts education.
If you would like more information or to speak with our Legacy and Gift Planning Officer, please contact:
Brian Quinn, Development Officer, at 416.408.2824 x457 or firstname.lastname@example.org.
Leave a legacy with a bequest in your will. A bequest is the most popular and affordable way to make a lasting gift, and it can be directed to The Royal Conservatory in general or designated for a particular purpose such as a scholarship, program, or area of interest by making a provision in your will. Many people feel that they cannot afford to make a significant gift during their lifetime. However, a charitable bequest will allow you to make a significant contribution to The Conservatory in the future with little or no impact on current finances. It also reduces taxes payable by your estate. A bequest gift is eligible for a tax receipt that can be used to offset taxes owing on your estate.
Donating publicly traded stock, mutual funds, and options that have appreciated in value can be tax-advantageous. You can avoid paying expensive tax on capital gains when the securities are donated directly to The Royal Conservatory instead of selling the securities first.
Your estate can benefit from the elimination of capital gains tax when donating publicly listed securities through your will. If you would like to learn more about gifts of securities, please visit Take Stock for more information about this type of gift.
Life insurance provides an effective way to make a powerful gift with big benefits. Small annual payments can mean a substantial gift. A new or existing policy can be donated.
A gift of life insurance can be an affordable way of making a significant donation to The Conservatory while preserving assets intended for your family and loved ones.
It is now possible to make a future gift to The Royal Conservatory while greatly reducing taxes, by naming The Conservatory as a direct beneficiary of your RRSP or RRIF proceeds, outside of your estate. Contributing the proceeds of a retirement fund provides you with an opportunity to: make a significant gift to The Conservatory; receive a donation receipt for the full value of the proceeds; and use the resulting tax credits to offset taxes payable by your estate.
A gift of residual interest can produce tax benefits now while allowing you to retain the rights to enjoy the assets during your lifetime. Examples include gifts of a personal residence, or valued artwork settled under a charitable remainder trust agreement. In each case, you receive a donation receipt for the present value of the remainder interest.
You can give us many kinds of personal property that enhance our mission and provide tax benefits to you. Outright gifts of property such as real estate, artwork and jewellery are accepted "in kind" based on suitability. For these gifts, donation receipts are issued for the fair market value of the gift.
You can receive a steady income and save on taxes right away while supporting the future of The Conservatory by establishing a charitable remainder trust. This type of trust is set up in a way that assigns the future value of assets in the trust to The Royal Conservatory, but allows you or a loved one to receive the income generated from the assets for life or a specified period of time. With this type of gift, you can make a gift today while benefitting from the income for the rest of your life. Cash, bonds, securities, real estate,or another tangible asset can be used to establish the trust.
A charitable gift annuity can benefit you and The Royal Conservatory. An annuity allows you to give a gift now, receive a charitable tax receipt, and increase your income. With this type of gift, you make an irrevocable gift to The Conservatory and in return, a fixed income is paid out to you for life and/or the life of a designated loved one. You also receive an immediate tax receipt for a portion of the annuity purchase amount and only part of the income realized from the annuity is taxable. Your annuity gift provides an additional advantage in that it avoids probate taxes to your estate upon your death. The benefit of a charitable gift annuity allows you to support The Royal Conservatory now, while still receiving a guaranteed annual income for life.