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Planned Giving

Please consider demonstrating your support for the KWS by making a Legacy or Planned Gift.

KWS strongly recommends you seek professional advice to ensure that your financial goals are considered, your tax situation is reviewed and your planned gift is tailored to your circumstances.  The information provided here is for general information purposes only. 

For additional information and for a confidential discussion on how you can leave your legacy of great music and help build the future of the KWS, please contact:

Nadine Collins,
Director of Development
& Donor Relations
519.745.4711 x 279

Email:  Nadine Collins

A planned gift is a means of contributing to a registered charity, such as the Kitchener-Waterloo Symphony Foundation (KWSF), and receiving financial benefits to yourself or to your estate.  Planned gifts are often described as leaving a legacy because your gift will make a profound difference for generations to come.

A planned gift:

Considers personal and family needs

Is tailored to your financial situation

Is usually made from assets, not current income

Is a tax-effective way of giving

Enables you to leave a permanent legacy with an organization close to your heart

Is probably the largest charitable donation you will ever make


There are a number of ways to make a planned gift.  A planned gift can be a gift of life insurance, an RRSP or RRIF, a bequest in your Will, a gift of securities, a charitable remainder trust, or a charitable annuity.  With a little financial planning, no matter what your income level is, you can leave a meaningful gift to the KWS.

While most planned gifts are directed to the Kitchener-Waterloo Symphony Foundation (KWSF), you as the donor have the choice of giving your gift to the Foundation or directly to the KWS.

To discuss a planned gift, please contact Nadine Collins, Director of Development & Donor Relations

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Dr. Glenn Kruspe SocietyText Box:    Photo courtesy of Sean Puckett

The KWS would like to recognize those who have, with special thought and foresight,  included the KWS in their estate plans.  These donors will be recognized as members of the Dr. Glenn Kruspe Society, which will include invitations to special events.  Dr. Glenn Kruspe formed the KWS in 1945 and was Music Director for 15 seasons.  The work begun by this talented and visionary gentleman will continue for generations to come with your planned gift.



One of the simplest, most effective, and most flexible ways of making a substantial gift is to leave a bequest in your Will.  Once your needs and those of your loved ones have been met, you can choose to leave to the KWSF a pre-determined sum of money, a specific piece of property, or all or a portion of the residual of your estate.

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 the KWS as owner and beneficiary, you will receive tax receipts for the annual premiums you pay.

Existing policies that have finished serving their original policies can have the ownership and beneficiary designation transferred to the KWS. 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 the KWS (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 the KWS as beneficiary, your estate will also receive a charitable tax receipt for any proceeds received upon your death.

Securities & Investments

Gifts of stocks, bonds, mutual funds or GICs can be made to the KWS. Following the elimination of capital gains on donations of publicly traded securities in 2006, a gift of securities is now the most tax efficient way to make a charitable donation and a great way for donors to make a greater impact with their gift.

Tax-Free Savings Account

The donation of a Tax-Free Savings Account to the KWSF provides similar tax advantages to the donation of securities directly to the KWSF in that the income earned is not taxable and the full amount donated qualifies for a charitable tax receipt.  However, there is no added capital gains tax savings as income from the Tax-Free Savings Account isn’t taxable whether or not it is donated to charity.


By naming The KWS as beneficiary to 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 the 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 the KWS 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.