For Lawyers & Professional Advisors
For Lawyers & Professional Advisors
At Luther College we work closely with lawyers, notaries, trust officers, financial planners, accountants, brokers and other advisors to help their clients establish meaningful, tax-wise donations. We always encourage donors to consult with professional advisors before finalizing a planned gift.
Legal Name: Luther College, Regina
Luther College, Regina is incorporated under the laws of the Province of Saskatchewan.
Charitable registration number: 10765 0061 RR0001
Luther College, Regina is a registered charity under the Canada Revenue Agency and can issue official donation receipts for income tax purposes for any charitable donations. Click here for a link to the CRA Charities Listing.
Wills & Bequests
You know best how to incorporate your clients’ wishes into the language of the bequest you are creating. Luther College is a diverse and growing institution. Your clients may have a general idea about what area of the College they wish to support, but may be uncertain about where, precisely, they should direct it. A list of our Current Priorities is provided so that you can help your clients make that decision. Please do not hesitate to contact us for assistance with creating a bequest that both fulfills your clients’ intentions and the goals of the College.
The following are examples of suggested will clauses:
- Undesignated/unrestricted bequest:
...for such purposes as the Board of Regents of Luther College, Regina shall determine.
- Undesignated/unrestricted endowed bequest:
... to be held as part of the College’s endowment funds and used for such purposes as the Board of Regents of Luther College, Regina shall determine.
- Specific purpose bequest:
... to be used for the purpose(s) of [here you should identify the particular program or function that you wish to support by clearly articulating the overall intent and/or direction.] The description of the purpose of the gift should be written as broadly as possible to ensure the gift can be accepted and used as intended by the donor. Please contact the Development Office to confirm details for the program or area you wish to support, for example, the existence of a specific program or the proper name of a project.
- Specific purpose endowed bequest:
... to be held as part of the College's endowment funds and to be used for the purpose(s) of [here you should identify the particular program or function that you wish to support by clearly articulating the overall intent and/or direction.]
Power to Vary Clause
After any of the above, the following clause should be included:
In the event that circumstances make the specified use or administration of this gift no longer practical or desirable, the Board of Regents of Luther College, Regina is hereby authorized to make changes in the use or administration of this gift to maintain, as much as is reasonably possible, its spirit and general intent.
The Power to Vary Clause serves to protect your intentions by ensuring that if there are changes to the program or area you have chosen to support, the gift will still be administered in keeping with your wishes.
Information for Brokers/Investment Advisors
If you have a client interested in a donation of shares or securities to Luther College, please see our Securities Transfer Form which your client can fill out, sign and give to you. It contains all the information you need to transfer the shares successfully.
In order for us to alert our broker and our accounting department to look out for these gifts, we ask you to email us the following information:
- name of shares
- number of shares
- donor’s name and contact information
- your contact information
- designation of the gift – (i.e. what area your client would like to support)
Luther College maintains a brokerage account with RBC Dominion Securities:
Account # 772-14527-1-7 (Dealer # 9190 Rep. PHR )
FINS # T002
CUID # DOMA
DTC # 5002
4th Floor 2010 11th Ave
Telephone: (306) 791-9219 Fax (306) 757-2606
Attention: Terry Springer
We can help you and your clients determine gift opportunities and discuss recognition of their gifts.
For more information, please contact:
Chief Development Officer
Charitable Registration Number: 10765 0061 RR0001