Legacy Giving

Legacy Giving: Changing Lives, One Student at a Time

Transfer an Existing Policy: Make St Michael’s both owner and beneficiary. You will receive a tax receipt for the full cash value of the policy, any accumulated dividends and provide an annual tax receipt for any future premium payments.

Start a New Policy: Make St Michael’s owner and beneficiary and receive a tax receipt for premium payments made after the policy is transferred.

Name St Michael’s as just the beneficiary and your estate will receive a tax receipt for the full value of the death benefit of the policy.

Benefits of Life Insurance

  • Avoid probate – insurance death benefit proceeds pass outside of the donor’s estate
  • Take advantage of tax savings now or defer the savings for your estate depending on the type of gift arrangement you choose.

Giving for the Future: Life Insurance. A gift of Life Insurance can become a gift of much greater value than its original cost when the policy is given to St Michael’s College.

For more information about making a planned gift to the University of St. Michael’s College, please contact us in confidence at any time.

Phone: 416-926-2331 or 1-866-238-3339

Email:  smc.plannedgiving@utoronto.ca


Office of Alumni Affairs & Development
University of St. Michael’s College
81 St. Mary Street
Toronto ON M5S 1J4

Charitable Registration Number: BN 11927 9321 RR 0001

I am certainly grateful for the Catholic education received at St Mike’s and happy to help anybody else have the same.

Marianna Korman, 4T8