Your support makes it possible for MIA to serve the larger community by delivering accessible, stimulating and informative exhibitions as well as education and outreach programs that engage artists, collectors, museum members and the general public. Legacy gifting is an important way to help us to achieve these goals.
Commemorate special occasions or celebrate a loved one while honouring their commitment to the arts with a memoriam gift to MIA. On your behalf, MIA will send the honoree or their family a letter informing them of your thoughtful generosity.
A bequest is a gift made through your will. By remembering MIA in your estate plans, you can make a lasting contribution to a public organization that enlightens and engages thousands of people every year. Although many people believe that estate planning is only for the wealthy, it is important for everyone to arrange the disposition of their estate. Also, there are tax advantages to donors who give a gift during their lifetime. Gifts may also be tailored specifically to meet personal and financial goals. A bequest can be stated as a specific amount or as a percentage of your estate. Your estate will receive a full tax-receipt for the amount of the bequest, which may help to reduce the taxes payable on your final return.
Stocks and Securities
Donate publicly listed stocks or securities that have appreciated in value. You may claim a gift of stocks or securities up to 75% of your net income. A receipt will be issued for the full value of the donated property; you will pay no tax on the realized capital gain.
The donation of a life insurance policy offers an opportunity to leave a significant legacy to MIA for a relatively small annual payment. You can transfer ownership of a new or existing policy to the museum and receive a full tax receipt for the accumulated cash value. You may also directly designate the museum as the beneficiary of the insurance proceeds (or an RRSP or RRIF), while you retain ownership of the policy. In this instance, your estate will realize the tax benefits.
Charitable Gift Annuities
Depending on your age, you can use a charitable gift annuity to your benefit by receiving tax free payouts for life. MIA will use a portion of your contribution to purchase the annuity and retain the balance for immediate use towards realizing our mission.
Charitable Remainder Trusts
You can create a trust to support MIA and receive interest for life or a set term of years. The donor is entitled to a donation receipt at the time that the trust is established, the museum will receive the remainder interest upon passing.
For information on how to secure your legacy at MIA, contact our Development Coordinator Lindsay Bontoft at 416 640 1571 or lbontoft [at] miamuseum [dot] ca.