Gift Planning
Set up a gift of residual interest
Enjoy your personal property for life while making it a charitable gift today. When you make a gift of residual interest (GRI), you donate your personal property to the University of Windsor today and continue to use it for the rest of your life. You also receive an immediate tax benefit. GRIs can include real estate, art work, books, manuscripts, musical instruments and other tangible assets.
Benefits of a gift of a GRI:
- Use of the property for life
- Receive a charitable tax receipt for the net present value of the property when the gift is made. (Net present value is based on the anticipated number of years you retain life interest in the property, current fair market value and the appropriate annual discount rate)
- Claim charitable donations up to 75 per cent of your net income. A five year carry forward on unused donation amounts is permitted
- Avoid probate. GRIs are less susceptible to being contested than a charitable bequest, and provide privacy
- Designate your gift to a university priority that meets your interest, such as scholarships, capital projects, programs and research
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For more information please contact:
Ms. Nancy Parker, Assistant to the Vice-President
University Advancement
(519) 253-3000 ext. 4056 |