Charitable Gift Annuities
Charitable gift annuities provide support for UTS and a
secured income stream for your lifetime. Depending on your age,
this income can be tax free. An annuity is an agreement where
you make an irrevocable payment in return for a guaranteed
lifetime income, most or all of which is non-taxable.
Part of your total contribution is used to purchase an
annuity from a licensed insurance company. You receive fixed
guaranteed payments for life with a portion of this income
tax-free depending on your age, and UTS receives an immediate
cash gift for its current needs. Gift annuities may also be
purchased for others, such as parents or grandparents.
For more information on charitable gift annuities, please
contact Martha Drake, Executive Director, Advancement, by email
or by telephone at 416-946-0097.
This information is general in nature and does not
constitute legal or financial advice, and should not be relied
upon as a substitute for professional advice. We strongly
encourage you to seek professional legal, estate planning and/or
financial advice before deciding on your course of action.