Ways to Give
When you decide to support the Faculty of Kinesiology, Sport, and Recreation, you have options on the route you take to make your contribution. Whether you want to make a one-time, annual, or monthly donation, explore the tax savings associated with a gift of securities, or inspire future generations via Legacy Giving by including a bequest in your will, we'll work with you to make your experience positive and rewarding.
One-Time, Monthly, or Annual Giving
One-time, monthly, or annual gifts allow the Faculty of Kinesiology, Sport, and Recreation to seize emerging opportunities, support students through scholarships, awards, and bursaries, and advance research and teaching that impacts our community. Gifts can be of any amount and you can choose what giving opportunities you want your gift to support.
Legacy Giving
Bequests
When you name the University of Alberta in your will, you commit to world-changing research and the education of future generations. Your gift can include cash, securities, retirement funds, real estate or other property. Talk to your financial adviser about the options. The most common types of bequests are:
- Residual bequests: Designate all or part of your estate to UAlberta. 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 UAlberta. The advantage is that the size of the gift remains fixed and is the first to be distributed.
- Gifts of cash, securities or combinations of both are welcome.
Up to 100% of net income can be claimed as a donation in year of death and year preceding
Gifts of Life Insurance
If you want to make a lasting contribution to the University of Alberta while ensuring your family is looked after, consider the gift of life insurance. Donating life insurance can also have considerable tax benefits. Here are two options:
- Name UAlberta as a policy beneficiary: Retain ownership and control over the policy; bypass probate fees; apply tax receipt to your final tax return
- Name UAlberta as owner and beneficiary of a new or existing policy: Immediate tax receipt for fair market value of policy (if transferring existing policy); tax receipt for all subsequent premium payments
Maximize tax credits to your estate.
Gifts of Publicly-Listed Securities
Publicly listed securities include financial instruments such as stocks, bonds and mutual funds. Donating them directly to the University of Alberta makes a difference and may entitle you to some significant tax benefits.
When you transfer securities to UAlberta, you receive a tax receipt for their fair market value. Any capital gain will not be taxed, whereas 50% of the gain is taxable if you sell them and donate the proceeds. The tax credit can offset taxes owing on up to 75% of your taxable income in the year of the gift.
Any unused portion of the receipt can be carried over for up to five more years. If you donate securities through your will, your estate will get the same tax benefit and a receipt that can reduce up to 100% of your net income in the year of your death. Any remaining part of the receipt can be used to claim a tax refund from the previous year.
Shares, bonds, mutual funds, warrants, and options can all be donated. Capital gains are not taxed when certain securities are gifted.
Corporate Matching
The University of Alberta offers a Corporate Matching Program, helping you to increase the size of your gift. You can search our database to see if your employer participates in our program or encourage them to enroll.