Retirement Funds

It is possible to name a charity as beneficiary of a RRSP/RRIF directly on the plan documents, and to receive the tax benefits. Previously, if you named a charity in this way, you would make a gift, pay the tax and receive no tax benefit.

If you are enrolled in an RRSP or have already converted your RRSP to a RRIF, you can name Acadia University as beneficiary of all or a portion of any retirement funds remaining at death. Your estate will receive a tax credit for the value of your gift.

Benefits to the Donor

  • The tax credit the donor's estate receives as a result of the donation will offset any tax on the proceeds.
  • Gifts of RRSPs and RRIFs fall outside of the donor's estate and are, thus, not subject to probate.

 

If you can adequately provide for your retirement needs through investments such as RRSPs/RRIFs, you may want to use the funds received from your Canada Pension to make a charitable donation. When you receive your payment, simply send Acadia University a cheque for the amount or a portion of the CPP distribution you received.

Benefits to the Donor

  • A tax receipt for the value of the donor's cash gift.
  • The donor's pension gift will be put to use immediately, giving the donor the benefit of seeing how their generosity is making a difference.

 

In addition, if you choose to, you can donate your CPP lump sum death benefit by including a bequest in your Will that this amount be gifted to Acadia University.

If you are considering a gift to Acadia University, we strongly recommend that you seek professional financial and legal advice that takes into account your unique circumstances. We also urge you to discuss your gift with a University official prior to finalizing the details of your gift arrangement.

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Contact

Office of Advancement
15 University Avenue
Wolfville, NS, B4P 2R6
Canada
General Inquiries: 902.585.1459
To make a donation: 902.585.1876
Toll free in North America: 1.866.ACADIAU (1.866.222.3428)
advancement@acadiau.ca

Charitable Registration Number 106681893 RR0001