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 at mdrake@utschools.ca 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.

 

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