Giving Options

Bequests by Will or Living Trust: Use your assets during your lifetime and leave a portion of them to Trinity Western as a part of your legal Will. For many alumni and friends of TWU, 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.

The Most Common Types of Bequests:

• Residual Bequest: TWU receives a portion of the remainder of your estate after other specific gifts have been made.
• Specific Bequest: TWU receives a specific dollar amount or stated percentage of your estate or a specified gift of property (collections, art, books, real estate, etc.).
• Contingent Bequest: TWU receives a stated share of your estate but only in the event of the prior death of other named beneficiaries.
• Trust Remainder Bequest: Named beneficiaries receive income from a trust established in the Will. Upon death of the surviving beneficiaries, or at the end of the specified term, all or part of the remaining principal will pass to TWU.

Is TWU already noted in your Will, or would you like more information? Let us know at legacy@twu.ca. All conversations or requests for information are confidential.

When you make a gift of securities (stocks, bonds, and mutual funds) to Trinity Western University, you are helping many students gain access to critical resources and ultimately be equipped for the good of the world and the glory of God. Please note that securities are transferred without restrictions and will be sold as soon as possible after they have been received. The value of the receipt will be based on the closing price of the securities the day the securities are received by Trinity Western University's broker.

When your executor donates eligible securities, your estate does not pay the capital gains tax, and it also benefits from the full charitable tax receipt.

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.

Designating Trinity Western University as a full or partial beneficiary of your RRSP, RRIF, or TFSA is easy. Because the funds transfer outside of your estate, they are not subject to probate fees. In addition, taxes owed on retirement assets will be offset by the tax credits generated from your donation. And you can direct your gift to something you care about at TWU.

While supporting TWU’s mission and vision, 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.

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.

Make a major donation of capital to Trinity Western 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.

By naming Trinity Western University as the beneficiary of your policy, your estate will receive tax benefits. If you designate TWU as the owner and beneficiary of the policy, you can realize those tax benefits today.

There are several ways to make a gift of life insurance. You can:

• 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 TWU as a beneficiary: Support both the University and your loved ones. You can designate TWU as one of the beneficiaries of your policy.