A charitable provision to Humber in your will means that you are dedicated to developing broadly educated, highly skilled communities for future generations. Legacy gifts may be immediate or deferred, and can be as simple as an outright gift of cash or as sophisticated as an endowment that is integrated into a multi-faceted financial and estate plan. Establishing a gift within your own financial and estate plan requires careful thought and consideration with your own attorney, accountant, or financial advisor. We also encourage you to share your plans with members of your family.
Below please find a brief overview of the different types of legacy giving. For further information or to leave a legacy at Humber, please contact Humber's Advancement Office at 416-673-0152 or giving@humber.ca
Types of Legacy Giving 
Bequests
After providing for dependents, family or friends, many people choose to make a lasting impact by leaving a legacy through a bequest or a gift in a will to the organizations and causes they believe in. By including Humber in your estate plans, you can make a significant and very meaningful gift while having little or no effect on your current lifestyle. A bequest also helps to offset taxes payable by your estate.
When you make a bequest, you can direct your gift to a specific area of interest at Humber; to an unrestricted endowment fund from which funds support student financial aid; or, with a bequest of $25,000 or more, establish a new named endowed fund.
As you consider including Humber College in your charitable estate plans, it is important to ensure proper wording. Please use our official name "Humber College Institute of Technology & Advanced Learning".
Specific BequestsBequests made to Humber College as a specific dollar amount or stated portion of an estate are eligible for a charitable tax receipt, written in the name of the estate at the time the gift is received.
Residual Bequests
A residual bequest is one in which Humber College would receive all or a percentage of the remainder of your estate after other specific legacies have been fulfilled. Contingent BequestsA contingent bequest states that Humber College would receive all or a share of your estate, only in the event of the prior death of other named beneficiaries Charitable Remainder Trust
A residual bequest is one in which Humber College would receive all or a percentage of the remainder of your estate after other specific legacies have been fulfilled.
If you would like more information on making a bequest to Humber College please contact the Humber Advancement Office at 416-673-0152 or giving@humber.ca. We would be pleased to provide more information to you and your professional advisors to customize the bequest wording to best honour your intentions.
A charitable remainder trust is a gift that is invested, giving the donor an ongoing source of income. The gift, in the form of cash, stocks, bonds or real estate, is irrevocable once made, and is held in a trust, administered by the donor or their representative. A charitable tax receipt is written at the time when the gift is made and the allowable tax credit is based on the cash amount or market value of the property, donor’s age, and current interest rates. Upon the death of all surviving beneficiaries, all or part of the principal is passed onto Humber College.
Other Types of Legacy Giving
In addition to bequests, there are many other methods of leaving a legacy gift to Humber College. The following legacy gifts, when realized, are directed to Humber's Endowment fund with a percentage of the annual investment income granted to the college in accordance with the donor's direction. Since the principal of the gift will be preserved, legacy gifts will support Humber in perpetuity ensuring a legacy of supporting higher education for years to follow.
Residual InterestA gift of residual interest allows the donor to donate an asset today (personal residence, work of art, investment property etc), and enjoy the use of it for the rest of their life. An immediate charitable tax receipt is issued for the fair market value of the donated asset, less the value the donor is expected to receive based on the donor's life expectancy. At the time of the donor's passing, the gift is taken into the possession of Humber College. Life Insurance PoliciesDonors may wish to contribute to Humber either new or existing life insurance policies. Where Humber is named as the beneficiary of an existing policy, the donor will receive a charitable tax receipt for the cash value of the policy as calculated on the date of the ownership transfer, as well as for any remaining premium payments. Where Humber is the owner and beneficiary of the policy, a charitable tax receipt will be issued to the donor for the annual premium payments date based on guidelines established by the Canada Revenue Agency. A gift in the form of life insurance allows for the option of either current and/or future tax benefits, as preferred by the donor.
http://www.humber.ca/giving/waystogive_donate.html
You may make a donation to Humber by calling 416-673-0152.
You may also make a donation by downloading our pledge form and mailing it to us at:
Office of Advancement & Alumni Relations
Humber College Institute of Technology & Advanced Learning
205 Humber College Boulevard, Room LX101
Toronto, ON M9W 5L7
Gifts of RRSP/RRIFDonating retirement savings (Registered Retirement Savings Plans and Registered Retirement Income Funds) allows you to make a very meaningful gift to Humber College without compromising your current lifestyle and offers significant tax benefits to your estate. Naming Humber as beneficiary of your RRSP/RRIF accumulations means that a portion of your estate will not be subject to probate fees and your estate will receive a charitable tax receipt for the full amount of the gift. Annunity ContractsDonors may donate annuity contracts where the donor receives predetermined payments during their lifetime with the balance remaining at date of death flowing directly to Humber. The donor may be eligible to receive a charitable receipt for tax purposes on a portion of the value of an irrevocably gifted annuity based on guidelines established by the Canada Revenue Agency. Donors may also enter into a gift plus annuity agreement, whereby Humber retains a portion of the gift and the remaining portion is utilized by Humber to purchase a commercial annuity in the donor’s name. For donor recognition purposes, the donor will be recognized for the full amount of the gift.
Gifts in KindFrom time to time Humber supporters may wish to make a donation in the form of products or goods, otherwise known as gifts-in-kind. Humber will gladly accept any gifts-in-kind for which there is a use on campus, or gifts that can be readily sold, with the proceeds being directed towards Humber’s strategic priorities.
Gifts-in-kind include donations of land, buildings, software, equipment, furniture, works of Canadian cultural property, ecologically sensitive land, library materials, and operating supplies. Gifts-in-kind may be received and held by Humber and used for purposes consistent with its objectives, or may be disposed of at any time after the donation, provided no such agreement to the contrary is made between the donor and Humber. The gift must be of use to Humber, or it should be available to be disposed of and the proceeds directed, in support of Humber’s priorities, or as outlined and agreed to between Humber and the donor. Following an independent appraisal, a charitable tax receipt will be issued for the fair market value of the gift. Gifts of land or buildings will only be accepted after environmental and structural clearances have been obtained.
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