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Bequests

A simple, convenient option
Pierre Lainey

“…I only had one provision to add to my will, but it is one that is full of hope for the future of our students. I don’t have any second thoughts about this decision. I know just how much of an impact this donation will have and I’m confident it will be used and managed wisely.”

Pierre Lainey, HEC Montréal 1999 and 2004

When you remember the HEC Montréal Foundation in your will, you will be letting your loved ones know how important higher education is to you and how committed you are to shaping the next generation so that our society as a whole can grow and prosper.

Your gift can take one of several forms

Make a specific bequest. Give a designated amount of money, an asset or a security.

Designate the HEC Montréal Foundation as a contingent beneficiary in the event of the death of a primary beneficiary.

Make a residual bequest. Gift all or part of what remains of your estate after other bequests and liabilities have been settled.

Designate the HEC Montréal Foundation as the beneficiary of an RRSP, RRIF, pension plan or life insurance policy.

Make a universal bequest. This is when you leave your entire estate to a designated beneficiary or divide it up among multiple beneficiaries, such as your loved ones and the HEC Montréal Foundation.

Create a trust in your will to meet the needs of your spouse and your family for a specified duration or for their lifetime. At the end of this period, the remaining capital, or a set portion thereof, would revert to the HEC Montréal Foundation. This approach means the amount of your gift will be adjusted automatically based on the increasing or decreasing value of your assets.


Create an endowment or long-term fund

Gifts in your will can be a great way to give even more to a cause you believe in, especially when the value of the assets in your estate exceeds the liquid assets at your disposal during your lifetime, which is often the case. You can choose to use your gift to set up an endowment or long-term fund in your name, your family’s name or in memory of someone who is important to you. This fund will become your lasting legacy and a way of continuing to have an impact for years to come.

Learn more

Multiple benefits

  • There is no cost during your lifetime, beyond the legal fees involved in preparing a notarized will.
  • Enjoy the satisfaction of making an immediate contribution to longer-term objectives and continuing to give to a charitable organization that is near and dear to your heart.
  • Maintain full control of your assets and your estate planning.
  • Your estate will be issued a receipt corresponding to the amount of your bequest.

 

Important. Effective January 1, 2016, gifts by will are not considered to be made by the donor prior to death. Instead they are deemed to be made at the time the property is actually transferred to the charity.

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The executor (liquidator) may opt for the best solution for the donor and the estate.

You should know that there are mechanisms for transferring property assets between spouses that do not involve any tax consequences. You can therefore leave your entire estate to your spouse tax-free. However, if you do not have a spouse or your spouse predeceases you, the tax burden on your estate can be very heavy, as all assets will be deemed to be disposed of at fair market value.

Have you made a provision for the HEC Montréal Foundation in your will?

Please let us know about the arrangements you have made.

  • That way, we can thank you personally and acknowledge your generosity through Société Héritage, the aim of which is to recognize all those who have opted to leave a bequest or a gift of life insurance to the HEC Montréal Foundation. You may also choose to remain anonymous, if you wish.
  • You will have the peace of mind knowing that we are aware of your plans and will honour your intentions as efficiently and effectively as possible.

We’re here for you every step of the way!

Mireille Lafond
HEC Montréal 1979
Major and Planned Gifts Director
Member of CAGP and APFF

mireille-c.lafond@hec.ca
514 340-7735

Badreddine Maamar
HEC Montréal 2007
Major and Planned Gifts Advisor
Member of CAGP

badreddine.maamar@hec.ca
514 340-7186

The HEC Montréal Foundation’s CRA registration number is 118924158 RR0001.

Alumni + Foundation > Give now > Planned giving > Bequests