Residual Interest
You may gift property, such as your residence or artwork, but retain the right to use your property throughout your lifetime. This is called a gift of residual interest.
Benefits to Donor
A residual interest gift will allow you to make a significant donation to your favourite charity without losing the use of your property.
- This is a great way to make a large donation.
- You continue to enjoy the use of your property during your life.
- This type of gift is not subject to probate and therefore is less likely to be challenged.
- You can receive a charitable donation receipt today for a gift that will go to charity someday in the future.
How does it work?
- You will be required to legally transfer ownership of your property to the Sens Foundation or our charity of choice Roger’s House.
- You will retain the use of the property during your lifetime.
- The Foundation will give you a charitable donation receipt for the present value of the residual interest.
- The proper legal name for making a gift to us is Sens Foundation / Fondation Sens.
For more information on the many ways to make a gift to the Sens Foundation, please contact us.