Toronto Public Library and you can both benefit from your thoughtful, planned giving (also known as legacy giving). Library supporters who include the Toronto Public Library Foundation in their will or as a beneficiary of other financial investments, become patrons of our Heritage Society and receive special benefits.
Wills and Living Trusts
The simplest way to make a planned gift to the Library is through your will or living trust, by naming the Toronto Public Library Foundation as a beneficiary. You can designate a specific amount of money, or a percentage of your estate, or the remainder of your estate after all other bequests have been paid. Your estate will receive a tax receipt that will help offset taxes.
You can designate the Toronto Public Library Foundation as the beneficiary of your RRSP/RRIF. By doing so, your estate can recover most of the taxes paid on this income. Your gift will be treated as a charitable donation in the year of death and you will receive a tax receipt for the full value of your gift.
Gifts of Life Insurance
Giving a gift of life insurance is another way to make a gift with tax benefits. There are several ways to do this. For more information, contact Liza Fernandes (see below for Liza’s contact information).
Donate appreciated securities such as stocks, bonds, GICs or royalties and eliminate capital gains taxes as well as benefit from a charitable tax receipt. This is one of the most tax effective ways to make a charitable donation.
Click here to see the Benefit of Gifting Appreciated Securities.
To make a gift of securities, please complete the Transfer Form for Donation of Securities and email or fax it to the Foundation.
Create an endowment in the name of a loved one or support a current endowment and your gift will benefit the Library in perpetuity. The minimum amount to start a new endowment is $10,000. You may also choose to support an existing endowment with a gift of any amount.