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Legacy Giving

Life Beneficiary

YOUR VALUES ENDURE WITH GIFTS OF LIFE BENEFICIARY

Make a real difference by making Branksome Hall the beneficiary of your RRSP, RRIF or TFSA. This is an affordable, flexible way to create a legacy, ensuring future generations of Branksome students continue to have the advantages of an exceptional educational experience.

If your RRSP or RRIF has a registered charity as the direct beneficiary, your estate will receive a donation receipt for the entire value of the plan, offsetting any tax liability. A gift of life insurance or a TFSA can add to value to your estate; the charitable tax credit reduces other taxes. In all cases, you minimize taxes and make an impactful legacy gift to Branksome Hall at the same time.

What Are the Benefits?
  • Easy to Arrange: Simply ask your financial institution to change the beneficiary designation to Branksome Hall.
  • Flexibility: The designation is revocable and can be changed if your financial circumstances alter.
  • Cost-Effective: There are no extra out-of-pocket costs.
  • Eliminate Probate, Legal and Executor Fees: Your gift will not be subject to probate costs or delays in settlement. The full proceeds are payable upon your death.
  • Peace of Mind: You can plan, arrange and announce the gift yourself and know that it will unfold just as planned.
  • Control: The designation is not a matter of public record, allowing you to remain anonymous. As well, beneficiary gifts cannot be contested.

How to Arrange:
  • You can name Branksome Hall as the direct beneficiary of your RRSP, RRIF or TFSA. Upon your death, the proceeds will be paid directly to the school without delay.
  • Alternatively, you can name your estate as the beneficiary and leave instructions in your will to donate all or part of these financial instruments to Branksome Hall. You may specify a percentage or a specific dollar amount to be donated if you wish. Note: Your trustee will withhold taxes and probate will apply when choosing this option.
  • In both cases, a charitable tax credit will be created for your estate, offsetting taxes and possibly enhancing the estate value for other beneficiaries.
Please Seek Expert Advice
Branksome Hall strongly recommends that, as a donor, you seek professional advice to ensure your financial goals are considered, your tax situation is reviewed, and your legacy gift is tailored to your circumstances.

Branksome Hall
10 Elm Avenue
Toronto, ON Canada M4W 1N4

Charitable Registration Number: 11881 6826 RR0001

Land Acknowledgement

We wish to acknowledge this land on which Branksome operates. For thousands of years, it has been the traditional land of the Huron-Wendat, the Seneca, and most recently, the Mississaugas of the Credit River. Today, this meeting place is still the home to many Indigenous peoples from across Turtle Island and we are grateful to have the opportunity to work and go to school on this land.
Branksome Hall
10 Elm Ave, Toronto, ON, Canada
M4W 1N4
Canada. South Korea

Toronto's leading independent International Baccalaureate (IB) World School for girls. Study abroad in Grade 9.