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Legacy Giving

Give the gift of a lifetime.

Legacy Gifts to Upper Canada College

Legacy Gifts are a way for supporters of Upper Canada College to create a lasting gift today for the future of the school. Your legacy gift is a way for you to express a connection with a time that was important for you or a family member and preserve a community so that it will have the same impact on the lives of future generations of boys.

A legacy gift in your Will

A gift in your will shows more than just foresight and careful planning, it reveals a lasting commitment to the College and a desire to make a difference beyond your lifetime for future generations of Old Boys. To leave your legacy to UCC you are to choose:

What to give – A specific amount, a percentage or the residue of your estate. You can bequest real property or securities.

How your money is used – You tell us which areas or campaigns you would like to support or direct your gift to the area of greatest need.

Giving a gift in your will is also a tax-smart strategy – It will provide tax benefits to offset taxes your estate will have to pay.

We can send you information about legacy giving and a sample bequest clause to take to your lawyer or notary.

Three easy steps to create a legacy gift

The steps to create a gift in your will for the College are easy and when done properly can help to ensure your loved ones are cared for, your estate is protected and the gift you wish to make is secure.

Step 1: Make the decision that creating a bequest gift through your will is the right step for you to take. Determine the type and amount of the gift you wish to make and if you wish to have it used for the College’s priorities or for a specific area of the College’s programs.

Step 2: Call your lawyer and request that they include a codicil in your will that establishes a gift for the College. Provide your lawyer with the legal written name which the College can provide to you and then your lawyer will handle the remaining details. Many lawyers will
include this codicil in your will without cost.

Step 3: If you feel comfortable, contact us to let us know when your gift has been created. This will allow us to add your name to our list of donors who have told us they will be remembering the Foundation in their estate plan and give us an opportunity to express our
gratitude.

It will also allow us to ensure that we understand how you wish us to use your gift to support
the College.

Gift of Life Insurance

A meaningful contribution can be achieved through the gift of life insurance. This cost effective method of donating to the College can create a future gift that is considerably larger than many donors would have been able to make during their lifetime.

A gift of life insurance allows you to pay, on average, only three or four cents on the dollar per year for a gift. An immediate cash donation of the same size would mean providing the full dollar amount.

When giving a gift of life insurance, you may:

    • Assign as irrevocable or revocable a paid up policy to the College
    • Assign as irrevocable or revocable a policy on which premiums remain to be paid – you may pay the premiums, or the College will pay the premiums provided you make equivalent
      contributions for that purpose.
    • Name the College as a primary or secondary beneficiary.

You can:

Designate the College as the owner and beneficiary of your life insurance policy. We will send you a tax receipt annually for your premium payments.

Donate a paid-up policy you no longer need. We will send you a tax receipt for the cash value.

Assign Richmond Hospital Foundation as the beneficiary only. This gives you the flexibility of changing the beneficiary.

For this or other types of legacy gifts including endowments and trust, please feel free to contact Rodger Wright ’71, Advancement and Strategy, at 416-488-1125 ext. 2229 rwright@ucc.on.ca

For more information about Giving to UCC contact Joanne Weedmark, Manager, Annual Fund, jweedmark@ucc.on.ca, ext. 2000
Canadian Charitable Registration # 10816 3098 RR0001