For Havergal, confirmed planned gifts allow the school to develop future programs with confidence - knowing that there will be a future base of support helping to ensure the school's continuing leadership in educational excellence.
Ways to Make a Planned Gift
Bequests: One of the most common and easiest ways to provide a lasting legacy is to include a bequest provision in your Will. As it is a simple process to revise your Will, bequests allow the most flexibility and security should your personal circumstances or plans change.
Types of Bequests:
- Outright – funded with specified assets such as cash, securities, real estate or personal property;
- Residual – provides a share of the remainder of your estate after your heirs have been provided for;
- Contingent – distributes property only if you outlive your heirs;
- Testamentary Trusts – provides one or more heirs with income for life, after which the assets are transferred to The Havergal College Foundation.
Gifts of Life Insurance:One of the most convenient ways to make a planned gift is to name The Havergal College Foundation as a beneficiary of a life insurance policy that may no longer be needed to protect you and your family. A gift of life insurance can provide a significant benefit to Havergal College in the future, at a modest cost to you today.
Charitable Gift Annuities: A charitable gift annuity is a contract between The Havergal College Foundation and a donor specifying that, in return for a gift of cash or marketable securities, The Foundation will provide the donor and/or another beneficiary, with fixed payments for life. The payment rate is based on the age of the beneficiaries at the time the gift is established.
Endowment - Creating a Lasting Legacy: Many donors choose to designate their planned gifts to the Havergal Endowment, or to name an endowment themselves with a gift of $25,000 or more to the school. Endowment gifts support the mission and vision of the school in perpetuity since the capital amount is invested and only a percentage of the income is spent, thereby providing a lasting legacy. To discuss your intentions, or for more information on making a planned gift, please contact Louise Yearwood, Executive Director, Advancement & Community Relations at 416-482-4704, or e-mail lyearwood @havergal.on.ca.
Havergal History of Planned Giving: A Legacy from the Past in Support of the Future
Havergal has a long history of private support from Old Girls, parents and friends of the school. Planned gifts began with the donation of a motorcar and funds from Ellen Knox, Havergal's first Principal. With this gift a legacy of support for the school began that continues today. Many Havergal Old Girls, parents, staff and friends have left the school significant gifts towards bursaries, scholarships and curriculum enrichment.
Marion Rooke 1928 left funds to establish a Scholarship & Bursary Fund that today stands at more than $380,000, providing $15,300 each year for students.
Mary Dennys, Principal from 1975 to 1985, also left funds to the school, which others have contributed to as well. Today, the Mary Dennys Bursary Endowment Fund stands at over $153,000 and provides more than $6,000 a year to support exceptional students for whom tuition is a barrier.
