Georgian Legacy Society
because the world needs more Georgians.
The Georgian Legacy Society — A Contribution for Future Georgians At RSGC, we believe the world needs more Georgians. We’d like you to consider what the College means to you and how you can make a meaningful gift. By leaving a gift in your memory, you are making a significant contribution to the future sustainability of the College. Your legacy gift to Royal St. George’s College will ensure that we can continue our over 50-year tradition of educating future Georgians – inspiring them to become the best version of themselves.
10 things you can do today to leave your legacy gift: 1. Prepare a will. 2. Leave a gift in your will to Royal St. George’s College. 3. Leave a specific dollar amount or a percentage of your assets to the College. 4. Consider using assets for your legacy gift. 5. Name Royal St. George’s College as a beneficiary of your RRSP, RRIF or pension plan. 6. Name Royal St. George’s College as the beneficiary of an existing life insurance policy. 7. Purchase a new life insurance policy naming Royal St. George’s College as the beneficiary. 8. Remember loved ones with memorial gifts. 9. Encourage fellow Georgians to remember the College in their wills. 10. Ask your financial or estate planning advisor to include charitable giving as part of your financial plan.
Ways to Give Remember RSGC in your will This donation is of no cost to you now, and often, more than would be possible during your lifetime. It will also help reduce taxes on your estate. Sample wording for your will is provided in the pages that follow. Gifts of Securities If you own stocks, bonds or mutual funds, you are happy when their investments increase. Unfortunately, when you convert your investment to cash, the capital gain is taxable. By directly donating your publicly listed securities to Royal St. George’s College, you will not pay capital gains tax on their increase in value. Gifts of Life Insurance You can designate RSGC as a beneficiary or owner of a new or existing policy, allowing you to make a large donation at a relatively low cost. Gifts of RRSP/RRIFs By naming RSGC as a beneficiary of your retirement plan, you can make a gift that will benefit the College as well as family members, as the tax receipt will reduce taxes owed on the estate.
Your legacy questions answered Who benefits from a legacy gift? A legacy gift benefits everyone. Donors gain a sense of fulfillment knowing they are supporting organizations that make a difference within their communities. They may also receive significant tax benefits. Charities obtain more support and, as a result, sustain and improve their efforts. Finally, the future generations of Canadians, including grandchildren and other family members, can share in a legacy of charitable work that continue to enhance the quality of life for citizens today and in the future. How do I leave a gift for an organization that is important to me? By leaving a gift to a charity or not-for-profit organization in your will or estate plan, you ensure your assets continue to help others into the future. Without a will, your property and finances are settled according to federal and provincial laws, which may not coincide with your wishes.
I thought only people in a certain income level could leave a charitable bequest or gift through their estate? You might think you have to be wealthy to donate to a charity. Not true. Anyone can arrange to leave a charitable gift from their estate, regardless of its size. It can mean a great deal to a cause that is important to you. Who can help me arrange for a gift to an organization? Your financial planner, lawyer, accountant or insurance agent can help you leave a gift. These professionals can tell you about tax benefits of planned gifts. How do I leave a gift in memory of a person or for a specific purpose? A charitable gift is a meaningful way or recognizing someone who has made a difference in your life. You may also want to give a specific cause like scholarships or a new building. These kinds of memorial gifts can easily be arranged in your will. You just need to specify that the gift be given in memory of a particular person or for a specific use. Do I have to include my wish to leave a gift to a specific organization in my will? A charitable bequest will not take effect unless you state your intention in your will. Without a will, you lose control over your property after death. Your property and finances are settled according to provincial laws whether or not they coincide with your wishes or those of your family.
Do I tell the charitable organization that I have left a gift? That is up to you. Not-for-profits often like to know in advance so they can recognize your generosity. They can also tell you about opportunities for giving for a specific purpose. Do I have to have an Estate to leave a legacy gift? “Estate” can describe any property, money or personal belongings that you have accumulated throughout your lifetime. Anyone can arrange to leave a charitable gift from their estate, regardless of its size. There is no such thing as an insignificant gift. What about my family and immediate heirs? There are many ways to achieve your charitable goals without taking away from your family and loved ones. There are numerous options and types of planned gifts. Different giving options allow you to give and still provide for family members while receiving tax benefits at the same time. How will my gift be recognized? Once you let us know that you’re leaving a gift in your will to RSGC, we’ll invite you to join the Georgian Round Table, recognizing dedicated members of our RSGC community who have contributed to the College in a meaningful way. You’ll be recognized on RSGC’s donor wall outside the Chapel, either with your name or in honour of a loved one. You can also choose to remain anonymous.
Sample Bequest Clauses For a specific sum: “My Executor shall pay or transfer to St. George’s College Foundation, currently located at 120 Howland Avenue, Toronto, ON M5R 3B5, the sum of $[amount] for its general purposes.” For a percentage of your estate: “My Executor shall pay or transfer to St. George’s College Foundation, currently located at 120 Howland Avenue, Toronto, ON M5R 3B5, [amount] per cent of the rest, residue and remainder of my estate for its general purposes.”
St. George’s College Foundation was established in 1988 as a registered charity with Canada Revenue Agency to support the activities of Royal St. George’s College. The Foundation’s mandate is to raise, administer and distribute funds and/or the income thereon for the benefit of the College. St. George’s College Foundation Charitable Registration Number: 887281087RR0001
For more information or to discuss your legacy gift, please contact: Maria Jordan, CFRE Executive Director of Advancement Royal St. George’s College 120 Howland Avenue Toronto, Ontario, Canada M5R 3B5 416-533-9481 ext. 298 Cell: 416-302-1173 mjordan@rsgc.on.ca