Leave a lasting legacy
Wills are the central pillars of estate planning. A gift by will, known as a bequest, provides you with the opportunity to support the University of Toronto once your needs and those of your loved ones have been met.
Funds are usually bequeathed as a:
- A residual amount—for example, a share or a percentage of your estate; or
- A specific dollar amount or item.
Benefits of making a bequest:
- You have the use of the asset during your life.
- A bequest is a tax-effective way of supporting U of T as it reduces taxes owed by your estate.
- A bequest is revocable and can be modified if your financial circumstances change.
Sample bequest wording:
“To pay to The Governing Council of the University of Toronto ___% of the residue of my estate [or the sum of $____________.] This gift is to be used for such purposes and designs as deemed appropriate by The Governing Council of the University of Toronto.
If you wish to direct your gift to a specific area or for a specific purpose, please contact us for detailed bequest language.
Sample bequest forms by division:
The King's College Circle Heritage Society recognizes alumni and friends who have remembered the University through a provision in a will or other form of planned gift.
If you have left a gift in your will, please let us know.