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Bequests
Arranging a gift in your Will is the simplest planned gift to implement. Contact your financial planner or the Development Office to learn more about the different types of bequests.

A bequest may be right for you if:

• You would like to make a gift to Mount A you could not otherwise make
• You want to avoid unnecessary taxes on your estate

* Many donors will explore ways to begin their giving now and see its impacts, while also arranging a gift by Will. For example, creating a scholarship during their lifetime and arranging a bequest to grow their scholarship fund in the future. 

Life insurance
Donating life insurance to Mount Allison transforms affordable premium payments into a substantial future donation. You can:

• Name Mount A as the beneficiary on your policy and the pay­ments are considered a donation in the year of death, qualifying for a tax credit that can offset the income tax liability on your estate.
• Name Mount A as the owner of an existing or new life insurance policy and you receive an official tax receipt for any cash value present at the time the donation is made on a paid-up policy. This provides an immediate tax benefit while you are living.

A life insurance policy may be right for you if:

• You are eligible for low premiums
• You prefer to pay monthly premiums resulting in a large gift several years from now
• You already own a policy and can make Mount A a beneficiary and have other estate plans to support your family

Gift of stock
Your gift can be in the form of shares, bonds, or mutual funds. The elimination of the capital gains tax on a gift of securities may create a considerable tax advantage to you, depending on your financial situation.

A gift of stock may be right for you if:

• You would like to avoid unnecessary taxes on capital gains 
• You foresee a tax problem in your year of death
• You would like to make a difference now

Trusts and annuities
Gift annuities and trusts provide fixed payments for life in exchange for a gift of cash or securities now. They are easy for a financial planner, lawyer, or accountant to set up and the payments you receive are backed by Mount Allison.

A charitable gift annuity may be right for you if:     

• You want to maintain or increase your cash flow
• You want the security of fixed, dependable payments for life
• You want to save income taxes or capital gains taxes
• You would like income that may be partially tax free
• You are considering a gift amount of $50,000 or more
• You are at least 60 years of age

* Consulting your financial advisor is essential to sound estate planning, ensuring your philanthropic goals are met and reflect your personal needs and long-term aspirations.

There are several gift options to consider:

• An unrestricted endowed gift carries the flexibility to meet the needs and challenges of an unpredictable future and reinforce the financial stability of the University.
   
• Gifts can be designated or tailored to suit your philan­thropic interests and preferences, such as scholarships, bursaries, academic departments, the library, or athletics. 
   
• Legacy gifts can also be designated to meet the immedi­ate needs of the University at the time of realization. This can provide much needed support for an emerging project, priority, or initiative.

Contact Mount Allison's Development Office at (506) 364-2259 or email donate@mta.ca.

Sharing details of your legacy intention with the University ensures the future use of your gift reflects your interests and preferences. Our development officers will assist you as you consider your legacy and the impact you want to see bestowed on future generations. 

You can also use our Legacy Gift Intention Confirmation form (pdf).