Donors can make a charitable gift of all or any of the portion of any retirement funds remaining after their passing. Surviving beneficiaries would be permitted to maintain securities in a tax-deferred plan. At the mandatory age for redeeming your RRSP, you can donate the securities, or a portion of them, to the Foundation for the Victoria Symphony and receive a tax receipt for the gift. Alternatively, you can make a planned gift to our orchestra’s future by designating the Foundation as the beneficiary (or one of the beneficiaries) in the event that you pass away before the mandatory redemption age.
Charitable remainder trusts involve the transfer of property (real estate or other investments) to a trustee that holds and manages it. As the donor, you retain the income generated by the property for life, but leave the residual interest to your charity of choice. Upon the death of the donor or beneficiaries (or the end of the term), the charity would receive the amount that remains in the trust.