Planned Giving
When you make a planned gift to Trinity Western, your generosity has an impact far beyond your lifetime. Your gift supports generations of students whose lives will be changed through Trinity’s mission of developing godly Christian leaders. What will your legacy be?
Your planned gift can help address some of this divided and complex world's most pressing issues by creating life-changing opportunities in the lives of Canada’s finest Christian university students—and gain financial and tax benefits for you and your family.
If you would like to dedicate your gift to a specific faculty, endowment or program, contact us at legacy@twu.ca and we will be pleased to help.
LEAVE A BEQUEST
Bequests by Will or Living Trust: Use your assets during your lifetime and leave a portion of them to Trinity as a part of your legal will.
For many alumni and friends of Trinity, a charitable bequest is the easiest and best way to make a gift to the University. A bequest is a gift that comes to TWU after your lifetime. Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that your future gift will live on. Take advantage of making a long-term impact for the University, while keeping control of assets in your lifetime.
Designate Trinity Western as a beneficiary in your will or other estate plans. Is Trinity already noted in your will or would you like more information? Let us know at legacy@twu.ca. All conversations or request for information are confidential.
ASSETS YOU CAN GIVE
Life Insurance
Surrender an existing policy: Transfer a life insurance policy that you no longer need to Trinity Western. You’ll get a charitable receipt for its fair market value, and/or tax receipts for all future premiums.
Purchase a new policy: Purchase a policy and name TWU as owner and beneficiary. You’ll receive tax receipts for all premiums, and the University will use the proceeds to support the cause you’ve selected.
Designate Trinity as a beneficiary: Support both the University and your loved ones. You can designate Trinity as one of the beneficiaries of your policy.
Retirement Assets
Did you know that upon passing, the total value of your registered retirement accounts must be reported as income? This income is fully taxable, unless the funds can be rolled over to a surviving spouse or dependent child.
By naming Trinity Western University as a direct beneficiary of your RRSP, RRIF or TFSA, you will avoid paying probate fees on those assets. Designate TWU as a 100% beneficiary or a partial beneficiary of a retirement plan today.
Real Estate, Personal Property or Other Gifts in Kind
While supporting TWU’s mission, you can save on taxes, increase your income, and/or reduce the burden of maintaining or selling your property. Gifts can be made with residential, commercial, or undeveloped real estate.
Gifts of art, collections, and other tangible property are additional ways to provide meaningful support for the University. Depending on the asset given, the structure of your gift, and the purpose of your gift, there are various tax and financial benefits.
GIFTS THAT PAY YOU INCOME
Charitable Gift Annuity
Looking to increase your income, save tax dollars and make a charitable gift? A Charitable Gift Annuity provides guaranteed payments for your lifetime–and a charitable tax deduction for a portion of the annuity.
Charity Remainder Trusts
Make a major donation of capital to Trinity while you continue to receive the income. Create a charitable remainder trust (CRT) with a bank or a trust company. A CRT can be set up independently from your will. This means your intentions remain confidential and the capital is protected against potential challenges to your estate. Speak to your financial advisor for how you may benefit from setting up a CRT.
RRSP/RRIF/Promissory Note
TWU is in compliance with the changes to the Registered Products Regulation. Please be advised of the following: Canadian Western Trust encourages clients to raise questions or concerns about any issue by contacting our Client Service Team at 1-800-663-1124. Additional information can be found in Canadian Western Bank’s complaint handling brochure which is available upon request at any CWB branch or office and on the CWB web site.
Promissory Note Investors
The Trinity Western University Promissory Note is a plan under which supporters of Trinity Western University invest a principal amount for a determined interest rate and maturity date.
| Information for Estate Attorneys and Administrators:
Legal name: Trinity Western University Charitable Registration Number is: 108142001RR0001 Address and contact information for estates and trusts: Trinity Western University Development Office 22500 University Drive Langley, BC V2Y 1Y1 T: 604-513-2121 |
| Legal Notes: Information on this site is of a general nature and not intended to constitute financial or legal advice. Please consult your income tax, financial and/or legal advisors before arranging a planned gift. |