Planned & Legacy Giving;
Bequests and Trusts
A legacy gift is one of the best ways to make a meaningful gift to CFHU—one that will provide concrete and lasting benefits for future generations.
There are many ways to create a lasting legacy through charitable giving to CFHU.
Many of our donors generously choose to include CFHU in their will. You can give or “bequeath” cash, securities, RRIF or RRSP funds, life insurance, or other property to CFHU. As a result, you can ensure that you will have a lasting impact on Hebrew University, and your estate will receive a charitable tax receipt that can reduce or even eliminate estate taxes.
If you have chosen to make a legacy gift, be sure to consult with a qualified legal, notarial or financial advisor to maximize benefits to you and your loved ones. Then, please notify us of your gift; we appreciate the chance to recognize your generosity, to thank you properly, and discuss what you would like to achieve with your gift.
To continue the conversation, please contact:
Debbie Dankoff
Vice President, National Development
(Quebec, Ottawa and Winnipeg)
ddankoff@cfhu.org or 514-932-2133
Dina Wachtel
Executive Director, Western Region
(Western Canada)
dwachtel@cfhu.org or 604-257 5133
Ways of Creating a Legacy
Leave a Gift in Your Will
Remembering CFHU in your will is a lasting way to continue your support into the future. It allows you to leave a larger gift than may be possible during your lifetime, while retaining control of your assets. It is tax effective as it reduces taxes owed by your estate and your estate can claim gifts equal to 100% of net income in the year of passing, in the preceding year, and in any of the five subsequent years when taxes are owed by the estate.
Gift of Life Insurance
A gift of life insurance is an affordable way of turning small monthly premiums into a significant future gift to CFHU. The insurance benefit will be gifted to CFHU and is separate from your estate, so there is no administrative costs or probate fees nor does it effect your estate’s assets.
A charitable tax receipt is to your estate for the full amount distributed.
Gift of Registered Funds
When it comes to transferring wealth to the next generation, retirement funds are among the most heavily taxed assets. Registered assets can only be rolled over to a surviving spouse but are taxed if they are transferred to children or next of kin. By naming CFHU as a beneficiary of your registered plans, ownership can be retained and funds can be used during your lifetime.
A charitable tax receipt is issued for the value of the plan, probate fees will be avoided by removing these assets from your estate, and your overall estate taxes will be reduced. You can choose to donate all or a portion of your retirement funds, and still provide for your family by naming more than one beneficiary.
Charitable gift annuity
A charitable gift annuity is an attractive way for individuals aged 70 years and older to make a significant gift to CFHU, meet your philanthropic goals during your lifetime all while enjoying income for life that is largely tax exempt. An annuity ensures a safe secure stream of income that is largely tax-exempt and allows for a better return than is currently possible through a GIC or Bond.
A charitable tax receipt will be issued for the charitable portion that can be applied for tax relief for up to five years and because an annuity is not part of an estate, it is not subject to probate fees.
Gift of Charitable Remainder Trusts
Charitable remainder trusts provide flexibility when planning your Estate, and offer a means of directing your assets and making future gifts to a charitable organization you support, such as CFHU. A charitable remainder trust can be funded with cash, securities or real estate. Assets are placed with a trustee —an individual or entity capable of managing the trust expertly. You receive the income generated by the assets in trust, according to the terms set out at the time the trust is established. The capital remains intact, however, and CFHU receives the amount you placed in trust after your death.