Legacy Society

The Museum’s Legacy Society was established in June 2000 to express our gratitude and to recognize donors who have chosen to remember the Museum through a planned gift. Planned giving is a way for you to incorporate a significant gift into your overall financial plans. For example, you can designate the Museum as a beneficiary in your will or through a life insurance policy.

If you have made a gift to the Canada Aviation and Space Museum through your estate plans, please let us know. You will become a charter member of the Museum’s Legacy Society. You will be recognized on the Museum’s Donor Wall structure and will receive special Legacy Society communications, as well as a token of our appreciation.

Bequests

A bequest may be a specific sum of money or a specific property, such as real estate or securities. An increasing number of donors are directing a portion of their estate-or in some instances the entire residue-to the Canada Aviation and Space Museum. As with any gift to the Museum, donors may direct the gift to an area of choice through the appropriate wording in the will. Since the needs of the Museum will change in the future, it is a good idea to add a “power to vary“ clause that will insure your legacy is put to good use. For example, “If, in the opinion of the Director General of the Museum, it should become impractical to use this gift for the specified purpose then the Director in his absolute discretion may use this gift keeping in mind my original wishes.” We will work with you and your advisers to assist you to preserve the intent of your gift to the Museum.

Gifts-in-Kind

The Canada Aviation and Space Museum accepts gifts of property, such as real estate, securities, equipment, art, books, and artifacts. These important gifts offer unique opportunities for donors to support the Museum and to receive a charitable receipt for tax benefits.

When appreciated capital assets are gifted, the donor may realize a capital gain. However, taxable capital gains are offset by the charitable receipt, leaving a portion of the receipt to be used against other income. We look forward to discussing this option with you and your financial adviser.

Gifts of Cash

Cash contributions are the most common type of donation made to the Canada Aviation and Space Museum. Cash gifts can be made at any time during a donor’s life or through a bequest in a donor’s will. If you would like more information on making a current gift, please contact us and we would be pleased to assist you.

A cash gift will be directed to your area of choice, such as a restoration project, youth education program or specific field of research such as aviation history. We look forward to discussing this option with you and your financial adviser.

Gifts through Life Insurance

Life insurance offers an attractive way for donors to make a substantial donation at relatively little cost. There are many types of policies and we suggest that donors approach an insurance agent of their choice to discuss the alternatives, or, we can arrange to obtain the information. A small investment in premiums can lead to a large contribution to the Canada Aviation and Space Museum. Insurance proceeds can be paid directly to the Museum and therefore are not a part of your estate. The use of insurance also leaves your estate intact for your beneficiaries. We look forward to discussing this option with you and your financial adviser.

Gifts of Insured Annuities

This is a unique financial plan that maintains or enhances a donor’s after-tax income while substantially benefiting the Canada Aviation and Space Museum. It combines an annuity that pays you a guaranteed monthly income for the rest of your life, with an insurance contract that maintains your original investment. Receipts for income tax purposes are issued for the insurance premiums and the Museum receives the face value of the policy on the donor’s death. We look forward to discussing this option with you and your financial adviser.

Charitable Remainder Trust

A Charitable Remainder Trust is any trust, inter vivos (a trust established while you are alive) or testamentary (established from your estate once you have passed away), where all, or a portion, of the remaining trust assets are distributed to a charity at the termination of the trust. The income from the trust guarantees an income to the donor or designated beneficiary for an agreed period, with the principal sum passing to the Canada Aviation and Space Museum when the trust is completed. There is an added benefit of an immediate receipt for income taxes that may be used to cover any capital gains tax resulting from the creation of the trust, which may also offset the tax on other income. We look forward to discussing this option with you and your financial adviser.

If you would like to join the Legacy Society or if you would like more information, please call:

Contact Information
Method Info
 
By telephone 1-800-288-0471
By fax 613-990-3635
By mail
Donor Relations
Canada Aviation and Space Museum
P.O. Box 9724, Station T
Ottawa, Ontario K1G 5A3
CANADA
By e-mail contribution@technomuses.ca
Online Fill out the donations form housed on our foundation website
where secure donations can be made online

Please note: Do not e-mail financial information.