Bequests + Wills
A bequest is a gift that is part of your will that costs nothing now, yet gives you the satisfaction of knowing you are providing for the ß÷ßäÉçÇø in the future.
Think of it as one of the most significant and flexible ways to support the university. Charitable bequests can be an easy way to give — not altering your current lifestyle — and may include cash, publicly traded securities, real estate or tangible personal property.
A bequest is one of the most common types of legacy gifts that the ß÷ßäÉçÇø receives from its alumni and friends. The most common types of bequests are:
Residual bequests: Designate all or part of your estate to the U of A. The advantage is that there is no need to update that part of your will, even as your estate adjusts in size.
Specific bequests: Designate a fixed dollar amount or a specific property to the U of A. The advantage is that the size of the gift remains fixed and is the first to be distributed.
Benefits of making a gift through a bequest
- You can make a larger gift through accumulated assets
- You maintain control and use of your assets during your lifetime
- You can modify your bequest if circumstances change
- Your estate is entitled to a charitable tax receipt for the full gift value
- Making a charitable bequest will recognize you as a member of the Quaecumque Vera Honour Society and you can learn how you will make a difference in the future
How it Works
A donor leaves $150,000 to the ß÷ßäÉçÇø in her will. Assuming the total net income on her final tax return was $100,000, and her net income the previous year was $75,000:
- A donation of $100,000 can be claimed on her final tax return.
- A donation for the remaining $50,000 can be claimed on her previous year's return.
- Her estate receives a total tax credit* of $75,000 between her final two tax returns.
* Tax credit depends on donor's income and specific circumstances
Contact Us
Kathy Fitzgerald
Manager, Major Gifts & Planned Giving
780-492-2616
kathy.fitzgerald@ualberta.ca
Hilary Fabrizio
Development Associate, Planned Giving
780-492-8225
hilary.fabrizio@ualberta.ca
Donna Ma
Development Associate, Planned Giving
780-492-6783
donna.ma@ualberta.ca
Krista Aune
Development Officer, Planned Giving
780-492-1124
krista.aune@ualberta.ca
Michelle Murray
Development Officer, Planned Giving
780-492-9487
michelle.murray@ualberta.ca
Office of Major Gifts & Planned Giving
3-600 Enterprise Square, 10230 Jasper Ave NW
Edmonton, ß÷ßäÉçÇø, Canada T5J 4P6
Phone: 780-492-7400 Toll-free: 1-888-799-9899
MyLegacy@ualberta.ca
Ensure your estate plans are on track
Need help planning your estate? Download our step-by-step estate planning organizer.
Already included the university in your will?
Have you already included the U of A in your estate plans and not yet told us about it? Thank you! We would love to hear from you and learn about the impact you plan to make at the ß÷ßäÉçÇø.
We're committed to leaving things better than we found them. It was important to us, given our experiences, to provide financial support to students in need. Now we're in a position to help facilitate their studies. The scholarship endowment we set up also honours important women in our lives — both Jody’s grandmothers and Ken’s mother worked hard to support their families.
Jody and Ken Peck
