X

Wed December 5 - Open House

Visit Website

Legacy Gifts

A legacy gift – also known as a planned gift - is one of the most meaningful types of gifts that you can provide to Hillfield Strathallan College. With a legacy gift, you can make a tremendous impact on the future of HSC and its programs, while enjoying significant tax savings.

Why make a gift of this kind? When creating a legacy gift you are able to leave something truly meaningful for future generations of HSC students and the HSC community. Your gift will improve educational opportunities for generations of HSC students to come in a personal and meaningful way.

Creating a legacy gift through your estate plan provides a wonderful way of utilizing your assets to realize your philanthropic goals. It can also eliminate significant taxes owed from your estate.

We encourage everyone who is considering making a gift through their estate to speak with their financial advisor to ensure you are maximizing the benefits to you. HSC’s Advancement Office would also be pleased to work with you and your advisors confidentially, and with no obligation. We can help to establish and confirm the purpose for which your legacy gift is to be used, explain tax benefits for your estate, and appropriately recognize your gift (if you wish) in your name or that of someone you love.

To create your legacy, or for more information contact the Advancement Office at 905-389-1367 ext. 162 or advancement@hsc.on.ca.

If you have already created your legacy gift, click here to notify HSC of your plans so that we may ensure proper administration of your gift and extend our thanks to you. 

Legacy Gifts Frequently Asked Questions

List of 7 frequently asked questions.

  • Q: Do I need to disclose details about my legacy gift?

    If you prefer not to inform us of your plans, we certainly respect your decision.  However, notifying HSC of your plans allows us to ensure that we can use your gift as you intended, extend our thanks to you and plan for the future.
  • Q: How can I make my legacy gift?

    We advise everyone who is considering making a gift to HSC in their Will to speak with their legal advisors. HSC’s Advancement Office is pleased to work with you and your advisors to best meet our mutual philanthropic goals. 

    There are a variety of ways to leave HSC in your Will. The most popular type of legacy gift is a bequest, but gifts can also include life insurance policies, gifts of securities, and retirement benefits such as RRSPs and RRIFs. We advise you to speak to your legal and financial advisors to discuss your goals and how best to achieve them.
  • Q: How will my legacy gift be recognized?

    HSC’s Excelsior Legacy Society recognizes those who have thoughtfully remembered HSC through a provision in their Will or other future gift arrangement. These donors are recognized as members of the Excelsior Legacy Society in our Annual Report and on our donor wall. If you prefer to remain anonymous, simply let us know.
  • Q: What is HSC's charitable registration number?

    Our charitable registration number is 11895 7810 RR0001.
  • Q: What is a bequest?

    A bequest is a gift made to HSC through your Will, and is the most common type of legacy gift. It can be a specified amount (specific bequest), a percentage of the residue of your estate (residual bequest) or contingent upon other beneficiaries surviving (contingent bequest).
     
    Planned today, bequests are not realized by HSC until you have passed on. A bequest, large or small, ensures your legacy lives on by positively impacting future generations of HSC students.
  • Q: Who can make a legacy gift?

    Anyone can make a legacy gift! Using the assets from your estate to realize philanthropic wishes is a practical and meaningful way of making gifts which can be transformational to a charitable organization's future.
  • Q: Why make a legacy gift?

    Legacy giving enables you to leave something truly meaningful for future generations of HSC students. Your gift will have a lasting impact on our students, helping them to reach their full potential. Gifts can be tailored to your personal and financial circumstances. 

    By working together with HSC to establish a legacy gift, you can leave a lasting reminder of your commitment to improving educational opportunities for future generations of HSC students. Legacy gifts are a wonderful way to utilize your assets to realize your philanthropic goals. It can also eliminate significant taxes owed from your estate.

Contact Us

For more information regarding HSC’s Excelsior Legacy Society and legacy giving, please contact the Advancement Office at 905-389-1367 ext. 162 or advancement@hsc.on.ca.

Click here to inform HSC of your plans to leave us in your Will, so that we may ensure proper administration of your gift and extend our thanks to you.

Types of Legacy Gifts

List of 4 items.

  • Bequest

    A bequest is a gift made through a provision in your Will, and is the most common type of legacy gift. It can be a specified amount (specific bequest), a percentage of the residue of your estate (residual bequest) or contingent upon other beneficiaries surviving (contingent bequest). Planned today, bequests are not realized by HSC until you have passed on.

    Making a bequest gift to HSC is simple. A common approach is to include a codicil to your existing Will. Wording of such a codicil could be similar to the following:
    I give to Hillfield Strathallan College located at 299 Fennell Avenue West in Hamilton Ontario, the sum of $ ____ [or % share of my estate] to be used for its general purposes (or for the specific purpose which has been mutually agreed upon with Hillfield Strathallan College).
  • Life Insurance

    To make a gift of life insurance, you can purchase a new policy or donate an existing policy. Gifts of life insurance do not reduce the value of your estate for your heirs, and can make giving a larger gift more feasible.

    To give a gift of an existing insurance policy, transfer the policy by naming HSC as the owner and beneficiary. A tax receipt will be issued for the fair market value of the policy plus any accumulated dividends and interest at the time of the transfer.
     
    If you have a fully paid up policy, you can make HSC the beneficiary and you need not pay any additional premiums. When the policy is realized, the gift to HSC will fall outside your estate and avoid probate fees. Your estate will also receive a tax receipt for the full value of the gift which can be used to offset others taxes owing. If you continue to fund future premiums, these amounts will also be eligible for the donation credit.

    Some donors choose to take out a new policy naming HSC as owner and beneficiary. It is important that HSC is both the owner and the beneficiary because this allows all premiums paid to be treated as charitable donations. If the charity is not made the owner, Canada Revenue Agency states that no gift will have been made, and no tax receipt can be issued. Under this type of arrangement, each year you pay the premiums and HSC issues an annual tax receipt for these premiums. The insurance proceeds will be paid directly to HSC when you pass on.
    Read More
  • Other Gift Opportunities

    There are many other types of legacy gifts including trusts, gift annuities or gifts of residual interest. For information about these or any legacy gifts, please contact the advancement office at advancement@hsc.on.ca or 905-389-1367, ext. 162.
  • Retirement Benefits

    Make a request at your financial institution to change the beneficiary on your RRSP or RRIF plan, and notify the institution holding the retirement account. It’s that easy!  It requires no legal documents or complicated agreement.
     
    This type of gift allows you to make a substantial gift in the future without diminishing your assets today.  You will receive a tax credit that will help offset taxes owed, and since this gift would not pass through your estate, it is not be subject to estate costs.


Located in Hamilton, ON, Hillfield Strathallan College is a Canadian independent, co-educational day school.
The academic program runs from Montessori Toddler and Pre-K to Grade 12.

Hillfield Strathallan College | 299 Fennell Avenue West | Hamilton, ON L9C 1G3 | 905-389-1367