Support Crescent
Parents, alumni, grandparents, past parents, faculty/staff and friends generously support Crescent, helping our boys benefit from the best education.
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Support Crescent
Bequest & Legacy Giving
Crescent School is fortunate to have many donors who support the school generously throughout their lifetime. Legacy Giving allows that relationship to continue, in perpetuity, through bequests or other planned gifts, supporting Crescent school and our boys for generations to come.
The most common form of legacy gift is a bequest. There are other legacy gift options as well. We would be happy to discuss the possibilities with you. We also recommend that you consult a qualified financial advisor, lawyer or accredited estate planner.
Susan Denton Massey Society
Legacy Giving Donors are part of The Susan Denton Massey Society, an esteemed group of benefactors who have made commitments to support Crescent School in their estates.
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About the Susan Denton Massey Society
Susan Denton Massey was the first significant benefactor of Crescent School. She gave the Massey Estate – 40 acres in eastern Toronto called Dentonia Park – to Crescent, making it possible to establish Crescent's first true campus from 1933 to 1970.
Bequests to Crescent School
A bequest is a gift in your will, usually a specific dollar amount or a percentage of your estate. You can direct a bequest towards a particular project or program, or to provide general funding for the School. Your financial planner or lawyer can advise you on the best form of bequest for your circumstances.
If you are considering a bequest, we will be happy to discuss the possibilities with you. No commitment is required. We can also provide your financial planner or lawyer with the information and specific wording which may be helpful to create your bequest.
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Benefits of Making a Bequest
A bequest is a tax-effective means of supporting boys’ education at Crescent School.- Your estate may claim gifts in the year of death equal to 100% per cent of your net income in that year and the preceding year.
- You have use of the asset while you are alive.
- You can designate your gift to Crescent School to fund a particular project or to The Crescent School Foundation as an endowment that will provide funding in perpetuity.
Charitable Life Insurance
A gift of charitable life insurance is another way to support boys’ education at Crescent School. We are happy to discuss this possibility with you, or to provide information to your lawyer or financial planner.
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Benefits of Gifting Life Insurance
- Making a gift to Crescent that is meaningful to you in support of a fund or program that is of particular interest, such as Student Financial Aid, International Outreach or Robotics, or simply to the area of greatest need
- Using your disposable income, you can make a significant gift at a fraction of the final value
- If your gift is at the level of $100,000 or more, you can establish an endowed fund named in honour of someone close to you or secure your personal or family legacy in support of a programmatic area that you are passionate about.
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Options for Gifting Life Insurance
- Transfer the ownership of an existing or new policy to Crescent School or the Crescent School Foundation. You will receive a tax receipt for the fair market value of the policy and for premiums paid after the date of transfer.
- Name Crescent School or The Crescent School Foundation as the beneficiary of your policy. Your estate will receive a tax receipt for the full amount of the proceeds received upon your passing.
Other Legacy Giving Options
Other possibly legacy gifts include charitable gift annuities, gifts of real estate, remainder/residual interest gifts, and gifts of registered funds and pension funds. If you are considering these types of gifts, please let us know so that we can discuss the possibilities with you. We recommend that you also consult a lawyer or financial planner.
