Transfer of property, cash, securities or business interests through your Will. This is the most common planned gift.

Charitable Remainder Annuity Trust: This requires you placing a major gift of cash or property into a trust. The trust then pays a fixed amount of income each year to you or The Study. Upon your passing, the remainder of the trust is transferred to The Study.

Life Insurance: There are various ways to gift The Study with Life Insurance policies:

A) You may surrender an existing policy to The Study for which you would receive a tax receipt for the fair market value of the policy at the time of your gift.

B) You may purchase a new policy and name The Study as the owner and beneficiary. You receive a tax receipt for premiums paid each year and The Study will receive the proceeds of the life insurance policy upon your death and use the funds to support the area(s) that you have specified.

C) You may designate The Study as the beneficiary of your policy. Upon your passing, The Study will receive the proceeds of the life insurance and your estate will receive a charitable tax receipt equal to the policy's death benefit.

RRSPs/RRIFs: Upon death and in the absence of a spouse, RRSPs and RRIFs are fully taxable, sometimes at a rate over 50%. However, when naming The Study as your RRSP/RRIF’s beneficiary, your estate escapes taxation and The Study receives 100 cents on the dollar. With this large tax differential, it may make better financial sense to leave other assets to your heirs.