Planned gifts are a unique opportunity to invest in the future of the Textile Museum of Canada. You will leave a lasting legacy while contributing to the future growth and strength of the Museum. In addition to supporting the Textile Museum of Canada, planned gifts provide significant financial benefits to the donor, including substantial tax deductions to donors or their loved ones. A bequest can be stated as a specific amount or as a percentage of your estate. The tax receipt will reflect the full value of your gift.
Life InsuranceThe donation of a life insurance policy allows you to plan a gift to the Museum without affecting the value of current estate assets. 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 designate the Museum as the beneficiary of your proceeds while you retain ownership of the policy.
Named EndowmentA named endowment is a permanent investment, the income of which provides valuable ongoing support for the Textile Museum of Canada. The purpose of the income of the investment can be specified to reflect your particular area of interest.
Pension PlansPension plans, RRSPs, and RRIFs can be donated to the Museum in whole or in part, creating a meaningful donation while also producing a tax credit.
Please consult your financial advisor, lawyer, or estate planner to find out which philanthropic investment strategies are best for you.