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Charitable annuities

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There’s a way to have the best of both worlds when considering a planned gift: earn an income now and be confident that your legacy at SFU will thrive. There are two options available to consider here:

Charitable gift annuities

Charitable gift annuities allow you to give a substantial donation to SFU while receiving tax-favourable income. These annuities guarantee you a fixed monthly income for life or a term of years - while designating a portion to SFU as a gift - and provide immediate tax benefits.

Benefits to you

  • Allows you to make a significant contribution to the future of SFU, yet still enjoy income from your gift
  • Alleviates investment and management worries
  • Provides regular payments that can be made yearly, bi-yearly, or monthly
  • Gives you a charitable receipt for a portion of your initial gift
  • Permits you to name your spouse or other family members as joint beneficiaries, continuing payments for as long as they live
  • Allows future gifts to the capital, depending on your trustee
  • Lets you convert capital assets to income

Charitable insured annuities

Charitable insured annuities are flexible and tax-efficient gifts that are partnered with life insurance.

Benefits to you

  • Guaranteed monthly income 
  • Opportunity to make a legacy gift that goes beyond your current giving capacity

Here’s how it works

  • You purchase a charitable insured annuity, guaranteeing fixed monthly income payments for life and designating SFU as the owner of the insurance policy
  • An annuity with a life insurance contract provides an annual tax receipt for the insurance premiums that were paid from the annuity
  • Only the income portion is taxable
  • SFU receives the face value of the life insurance policy from your estate and would use your gift according to your wishes

 

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