Gifts of Residual Interest
With a gift of residual interest, you can donate your personal property, continue to use it and receive an immediate tax receipt. Your gift of residual interest can benefit
The assets placed in trust are typically property such as a principal residence, art work, or book collection. A fair market value for the property is determined at the time of the gift. The donor’s age is taken into account and an appropriate discount rate is used to determine the tax receipt issued. You continue to enjoy the use of your property until the end of the term of the trust.
For more information on gifts of residual interest, please contact Louise Yearwood, Executive Director, Alumni Affairs & Advancement at the address below, by email at email@example.com or by telephone at (416) 585-4501 or 1-888-262-9775.
This information is general in nature and does not constitute legal or financial advice, and should not be relied upon as a substitute for professional advice. We strongly encourage you to seek professional legal, estate planning and/or financial advice before deciding on your course of action.