Gift Types

Influencing the Future for Christ, Today

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For many people, ensuring that the work of Providence and it's impact on lives continues is a high priority. Knowing that Providence's future is secure is commitment that many donors have made. With this in mind, Providence has created the opportunity for supporters to become Legacy donors.

Legacy gifts include gifts-in-kind, wills and bequests, charitable trusts, gifts of shares, gifts of life insurance and pension assets, gifts of RRSPs, RRIFs, and pension, and matching gifts. Our number one goal is ensure that your gifts are properly managed and applied to your wishes. It is our promise that the spirit and intent of your gift will help students for generations to come.

Wills and Bequests

Gifts by will to Providence enable individuals to make significant gifts that they may not have been able to make during their lifetimes. Bequests to Providence, whether unrestricted or designated, are eligible for tax receipts.

For more information regarding gifts through Wills and Bequests, contact Development. If you have included Providence in your will please let us know so that we can thank you and keep you informed of what is happening at Providence. We would like to give you an opportunity to include your gift in the Providence Legacy Fund.

Charitable Gift Annuities

A Charitable Gift Annuity is both a donation and an investment in Providence and will provide you with a fixed income for life.

The Providence Charitable Gift Annuity is a financial agreement in which you make a donation of $10,000 or more to Providence. In return, you will receive a contractual promise from Providence who will secure a commercial annuity from one of Canada’s leading life insurance companies. This will pay you and, a guaranteed fixed income for life without worrying about interest rate changes.

For more information on Charitable Gift Annuities, contact Development.

Charitable Remainder Trusts

If you have assets that you would consider gifting to Providence in your will but would like to receive the tax benefits today, or need the gift to fall outside of your estate, a charitable trust arrangement may be the answer.

For more information regarding gifts through Charitable Trusts, contact Development.

Gifts of Shares

Gifts of securities or shares are ideal donations for individuals who have much of their finances tied up in investments. Providence is happy to accept donations of securities or shares, and the tax benefits for the donor can be quite high. By donating securities that have increased in value since their purchase, the donor reduces the income tax that would be paid for cashing in the security and receives a receipt for the full market value of the security.

For more information about giving shares or securities, or to discuss a project or program you are interested in, please contact Development.

Gifts of Life Insurance and Pension Assets

Life insurance can be a convenient and cost-effective means of making a substantial gift for the future of the school. By means of a small annual contribution, a donor is able to make a substantial gift without depriving the family or depleting the estate. In such a policy, Providence is designated as the owner and beneficiary. Premium contributions are made to the school as charitable gifts. Income tax receipts are issued. Providence remits the payments to the insurance company. In time, the small annual premium contributions create a larger gift than would otherwise be impossible.

For more information of Gifts of Life Insurance and Pension Assets, contact Development.

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