You may gift property, such as your residence or artwork, but retain the right to use your property throughout your lifetime. This is called a gift of residual interest.
Benefits to Donor
A residual interest gift will allow you to make a significant donation to your favourite charity without losing the use of your property.
- This is a great way to make a large donation.
- You continue to enjoy the use of your property during your life.
- This type of gift is not subject to probate and therefore is less likely to be challenged.
- You can receive a charitable donation receipt today for a gift that will go to charity someday in the future.
How does it work?
You will be required to legally transfer ownership of your property to the Sens Foundation or our charity of choice Roger’s House.
- You will retain the use of the property during your lifetime.
- The Foundation will give you a charitable donation receipt for the present value of the residual interest.
- The proper legal name for making a gift to us is Sens Foundation / Fondation Sens.
For more information on the many ways to make a gift to the Sens Foundation, please contact us.