In the News


A Gift of Music for the Ears of Tomorrow

 "The arts are so important, especially music. It lifts the spirit. This is music that is 250 years old, and people are still raving about it."
-         Bev Petch, Planned Gift donor to Orchestra London

Planned Gifts are the 'ultimate' gifts - the most personal expression of commitment and support a donor can give.  These types of gifts have and will continue to be a major source of support for Orchestra London and are a meaningful and cost-effective way to ensure long-term financial support.

There are many ways to make a planned gift:


A bequest is a gift made through your will as a legacy (specified sum of money), residual gift (a percentage of your estate residue), or a gift of property.

Life Insurance

Insurance allows you to make a substantial gift without taking on a large expense. By taking out a new life insurance policy, and naming Orchestra London as owner and beneficiary, you will receive tax receipts for the annual premiums you pay. Existing policies that have finished serving their original purposes can have the ownership and beneficiary designation transferred to Orchestra London. A tax receipt is then issued for the cash value.

Charitable Gift Annuity

By purchasing a Charitable Gift Annuity, you can enjoy immediate tax benefits as some of the purchase value results in an immediate gift to Orchestra London (for which a tax receipt is issued).  The remainder buys an annuity, which pays you income for your lifetime, and depending on your age, a portion of that income will be tax-exempt.  If you name Orchestra London as beneficiary, your estate will also receive a charitable tax receipt for any proceeds received upon your death.

Securities and Investments

Gifts of stocks, bonds, mutual funds or GICs can be made to Orchestra London.  If there is a capital gain on the asset, you will pay tax on only 25% of the gain, as opposed to the 50% otherwise payable on taxable capital gains.


By naming Orchestra London as beneficiary of your RRSP or RRIF, the full balance of your account at your date of death will be paid to the orchestra, and a tax receipt will be issued in return. Because the tax owing on registered holdings can be very substantial upon death, the tax relief resulting to your estate from this type of gift can be significant.

Charitable Remainder Trusts

If you have cash or an asset that you have considered leaving to Orchestra London in your Will but would like the tax benefit now, then a charitable remainder trust or a gift of residual interest may be your answer. A charitable remainder trust pays you an annual income for life from your invested principal. A gift of residual interest allows you to donate an asset today (personal residence, work of art, investment property) and enjoy the use of it for the rest of your life.


Please consider demonstrating your support for Orchestra London by making a Legacy or Planned Gift. We welcome the opportunity to meet with you or your Estate Planner to discuss our planned giving program and options that will provide the greatest tax benefits to your family.

For more information, please contact Broek Bosma at 679-8558 x 228 or [email protected]

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