Gift of Residual Interest

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 you:

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 Alberta Children’s Foundation.
• 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.