Ways to Give to the Endowment Fund

There are many ways to donate to our endowment fund, each of which offers different advantages to you as the donor.

Gift of Annuity 

Once you have provided for your loved ones, you may want to consider giving the gift of real property. This can include personal property such as Jewellery and furnishings, real estate and securities. You also benefit personally since your gift to the Fund is considered a charitable donation and therefore may qualify for an income tax credit.

Charitable Annuity 

A gift annuity is a contract between you and the Burlington Art Centre that could guarantee you and your beneficiaries income payments for life. An income from the annuity is guaranteed, a tax credit may accrue to you, and at the same time you financially assist the BAC.

Charitable Remainder Trust 

When planning your financial portfolio, obviously your family and friends are the first to be considered. After their interests have been fulfilled, you could make the most of your assets by creating a charitable remainder trust benefiting the BAC. This charitable remainder trust will provide you with income for the rest of your life, but make the BAC the ultimate beneficiary of the principal.

Gift of Life Insurance 

By making the BAC Endowment Fund the beneficiary of a life insurance policy today, you are giving the gift of art to many of tomorrow's patrons of the BAC. Rest assured that the gift of life insurance to the Fund has no effect on the rest of your estate. Your beneficiaries will still receive everything you have allocated to them. As the value of your policy grows, so does the significance of your gift. By deferring the use of your policy, you ensure that the income it generates will continue to build.

Bequest Through Your Will 

After the needs of next of kin and loved ones have been addressed, you may want to direct a portion of your estate towards your community through the BAC. Your gift by bequest can be personal assets of any kind, such as cash, property, securities or works of art. Whatever your choice, your bequest will be used after your death a stipulated in your will. It does not affect your estate while you are alive.

• A gift to the BAC Endowment Fund is indeed a gift to the entire community.
• A gift that will enable the BAC to continue to provide quality artistic and cultural events for generations to come.

For more information, please contact Barbara French, Development Officer at 905-632-7796, ext. 309, or by email at barbara.french@burlingtonartcentre.on.ca