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Gifts of Residual Interest

Gifts of residual interest allow you to irrevocably give property to your charity of choice now and retain for yourself and/or for family members the right to use the property for life or for a term of years. You may give a residual interest in real estate or other valuable property such as art collections. Upon your death or expiration of the term the charity becomes the full owner and may either keep the property or sell it and use the proceeds.

Benefits of Residual Interest Gifts:

  • An immediate tax receipt for the present value of the residual interest
  • You continue to use the property without a change or disruption in lifestyle
  • The gift is not subject to probate, and the charity will handle the property sale and incur any associated closing costs
  • The donor receives immediate recognition for the full value of the asset placed in the trust

Learn More






Sample Will Clauses

To learn more about the different ways you can leave a lasting legacy and reach your philanthropic goals, please e-mail christy.soholt@albertacancer.ca

1 866-412-4222

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