Ways to Give
Planned Giving, Securities, Insurance and Gifts-in-Kind
In addition to one-time donations and monthly pledges, Rundle is able to accept bequests, securities, insurance policies and gifts-in-kind. These alternate giving options create a significant impact and can provide additional tax benefits individuals and estates.
A charitable bequest is a way to share a gift with Rundle and can offer significant tax relief to a donor’s estate. A bequest made to Rundle is eligible for a tax receipt applicable to the donor’s estate, which can be applied to the donor’s final income tax return and offset taxes payable by the estate.
The proceeds from Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) provide an excellent way to make a planned gift to Rundle. If a donor chooses to leave a portion of their retirement funds to Rundle, they will go directly to Rundle tax-free.
In all cases, we recommend that our donors and their legal counsel carefully review them to ensure accuracy.
The donation of a life insurance policy can be a cost-effective way to create a substantial legacy gift. By naming Rundle College Society as the beneficiary on a new or existing life insurance policy, you can create a significant future gift by making modest, regular payments over a selected time period. There are many benefits to this giving option, including immediate or final estate tax benefits for policy premiums paid and an increase in the overall financial value of your gift upon payout.
A gift of appreciated securities is one of the most tax effective ways to give. When you donate securities directly to Rundle, your gift is exempt from any capital gains tax of the appreciated securities, allowing you to increase the impact of your donation.
Below is an example of potential tax advantages of donating the securities versus selling the securities and donating the proceeds.
| Cash Donation | Donate Securities Directly | |
| Fair market value | $100,000 | $100,000 |
| Adjusted cost base | ($20,000) | ($20,000) |
| Capital gain | $80,000 | $80,000 |
| Taxable gain (50% vs 0%) | $40,000 | $0 |
| Tax on capital gain (@ 53.53%) | ($21,412) | $0 |
| Tax benefit of gift (at 50.4%) | $50,400 | $50,400 |
| Net tax benefit | $28,988 | $50,400 |
| Tax savings from donating securities instead of cash | $0 | $21,412 |
| After tax cost to donate $100,000 | $71,012 | $49,600 |
These are general figures for the purposes of illustration. They do not constitute legal or financial advice. We recommend you seek appropriate professional advice before deciding on your charitable gifts.
Rundle is pleased to accept gifts-in-kind if they are in alignment with our program needs or fundraising efforts. Please contact us to discuss the nature of your gift-in-kind.
For more information about donating to Rundle, please contact us at giving@rundle.ab.ca.