More than a form of protection, life insurance is also an investment vehicle that offers high yield, guaranteed returns for the MMFA. The sum paid out following your death will exceed the sum that you invested in premiums throughout your lifetime.

There are three ways of donating to the Museum through a life insurance policy:

• Name the Museum as your life insurance policy beneficiary – Upon your death a tax receipt equal to the total death benefit will be remitted to your estate. You can also multiply your donation by taking out a new insurance policy and naming the Museum as its beneficiary.

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• Open a new life insurance policy and permanently assign the Museum as its beneficiary – With every premium payment, you will obtain a tax receipt for the amount of this premium and upon your death, the MMFA Foundation will receive the capital.
• Permanently transfer the ownership of your existing life insurance policy to the MMFA – You will receive a tax receipt for the market value of your life insurance. If you have not finished paying the policy premiums, you will also receive a tax receipt for each premium you subsequently pay.

Donations of life insurance policies offer many advantages: 

• Maintain most of your financial resources throughout your lifetime;
• Invest a marginal amount that will transform into a significant donation;
• Benefit from a tax receipt that adapts to your circumstances;
• Make a major donation with a minimal payment without depriving your heirs.

Charitable annuities guarantee you an income, part or all of which will be tax exempt throughout your lifetime or for a predetermined period. This form of donation is simple to arrange: A portion of your contribution will go towards purchasing an annuity through an insurance company, and the other portion will be your donation. This is an interesting option for senior donors 65 years and older who want a guaranteed, reliable income.

Charitable annuities offer many advantages:

• Lifelong, guaranteed income;
• Available annual revenue is maintained or increased;
• Benefit from minimal or no taxes on annuities;
• No need to worry about asset management.

With a charitable remainder trust, you can donate assets (cash, property titles or assets) while retaining the revenue generated by these assets for either a predetermined period or throughout your lifetime, according to the conditions set when the trust was established. At the end of this period or upon your death, the residue of the trust is transferred to the MMFA. 

Trust assets are entrusted to a fiduciary – an individual or entity capable of managing the trust. A trust can also be set up so as to guarantee revenue to your surviving spouse. In that case, the assets will be transferred to the Museum only after the death of both spouses.

Charitable remainder trusts offer many advantages:

• Benefit from transferred assets as a beneficiary of the trust;
• Receive a receipt for your donation equal to the expected value of the transferred assets right away;
• No need to worry about asset management.

Donations of publically traded securities are virtually immediate. This donation can also be differed if it is left in a will.

Donations of publically traded securities take various forms:

• Shares
• Bonds
• Units of a mutual fund
• Other publically traded securities 

There are many advantages to donating securities:

• No capital gains to pay on the appreciation of the market value and the acquisition cost of the securities;
• Tax receipt equal to the market value at the time of the transfer of the securities;
• A quick, simple process that takes a few days.

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