Allows you to meet the needs of your loved ones, while also supporting TCS.

Funds are usually bequeathed as:

  • Residual amount – for example, a share or a percentage of your estate.
  • Specific dollar amount or item.
  • Direction for executor to donate assets in a way that reduces estate taxes.

Benefits of a bequest:

  • You have use of the asset during your life.
  • A tax-effective way of supporting TCS as it reduces estate taxes.
  • Is revocable and can be modified if financial circumstances change.

Legal name of TCS and charitable registration number:

Our legal name is: The Trinity College School Foundation. Our Canadian charitable registration number is: 831549746RR0001.

Sample bequest wording:

β€œTo pay to The Trinity College School Foundation ___% of the residue of my estate [or the sum of $____________]. This gift is to be used for such purposes and designs as deemed appropriate by The Trinity College School Foundation. I authorize my executor to gift the most tax burdened assets.”

If you wish to direct your gift to a specific area or for a specific purpose, please contact David Fisher ’93 at 905-885-3217 ext. 1235 or for detailed bequest language.


A past parent makes a bequest to TCS for $100,000. The estate executor chooses to gift a publicly traded security valued at $100,000. The book value of the security is $50,000. Gifting the security eliminates the taxable gain, results in a $12,500 tax savings plus a $46,000 tax credit that can be used to offset taxes payable.

Sell shares and donate cash Donate shares directly to TCS Sell shares and bequeath $100,000 to a loved one
Market value of security (a) $100,000 $100,000 $100,000
Adjusted cost base $50,000 $50,000 $50,000
Capital gain $50,000 $50,000 $50,000
Taxable capital gain $25,000 $25,000 $25,000
Tax on capital gain (50%) (b) $12,500 >$0 $12,500
Tax savings from donation tax credit (46%) (c) $46,000 >$46,000 $0
Total cost of transaction (a)+(b)-(c) $66,500 $54,000 $112,500