Foundation

Giving Tomorrow

Name the CSEG Foundation in your Will, and your estate can be eligible for a charitable tax receipt, or make the Foundation the beneficiary of a direct gift like your life insurance policy or RRSP.

Please contact the CSEG Office if you have questions or for further information.

We strongly encourage you to consult your lawyer, accountant, or other financial advisor before finalizing your planned gift.

Bequests

A bequest is a future gift outlined in your Will. In addition to planning for the well-being and financial security of your loved ones, your Will is a valuable tool for communicating your charitable wishes and defining your legacy.

Remember the CSEG Foundation with a bequest - a gift by Will. Your estate will be eligible for a tax receipt for the value of the bequest up to 100 per cent of your net income in the terminal and preceding year.

Benefits of making a Bequest

The satisfaction of making a meaningful gift to the CSEG Foundation that is important to you – a particular program, research initiative, or area of greatest need.
Your estate may claim gifts in the year of death equal to 100 per cent of your net income in that year and the preceding year.
You can continue to use the gift during your lifetime.
A bequest can be modified or withdrawn if your financial circumstances change.
Depending on the size of the gift, you can establish an endowed fund and name it in honour of someone close to you to secure your personal or family legacy.

Options for making a Bequest

Make a bequest of cash, securities, or other property.
Designate a specific dollar amount, a particular asset, or a percentage of your estate.
Leave all or a portion of your remaining estate to the CSEG Foundation after you have provided for your other beneficiaries.
Name the CSEG Foundation as a contingent beneficiary of your estate if other beneficiaries do not survive you.
Create a Trust through your Will – your beneficiaries will receive income from the trust for a fixed term or for life, following which all or a portion of the remaining capital can be passed to the CSEG Foundation.

When creating your Will, please include the CSEG Foundation, charity number B/N 8260 94740 RR00001, in your bequest clause. Recognizing that university programs and services evolve over time, we also suggest that you include a Power to Vary clause authorizing the CSEG Foundation to use your gift for a purpose as close to the original spirit and intent of your gift as possible.

To ensure that your gift can be used as you intend, please contact Jim Racette, CSEG Managing Director, to discuss your bequest clause. We will work with you to personalize Will wording for review with your lawyer.

We strongly encourage you to consult your lawyer, accountant, or other financial advisor before finalizing your planned gift.

Sample Will Clauses

Capital Bequests: Unrestricted Use
“I give, devise and bequeath to the CSEG Foundation, the sum of $ ______ (or % share of my estate, or the residue of my estate) for the use and purposes of the Foundation as its Board of Directors may determine”.
Capital Bequest: Restricted Use
“I give, devise and bequeath to the CSEG Foundation, the sum of $ ______ (or % share of my estate, or the residue of my estate) to be used for _______________________________________________________."

Over time, the needs of CSEG Foundation may change due to revision of the programs offered, developing research interests or external considerations. For that reason, we urge donors who have restrictions identified in their bequest to also include the following Power to Vary statement in their bequest clause:

“In the event that circumstances make the specified use of this gift no longer practical or desirable, the Board of Directors of the CSEG Foundation is hereby authorized to make changes in its use while keeping as far as possible within the spirit and general intent of the gift.”

We strongly encourage you to consult your lawyer, accountant, or other financial advisor before finalizing your planned gift.

Registered Retirement Funds

Gifts of registered retirement savings – Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) – allow you to make a significant gift to the CSEG Foundation while meeting your needs and those of your loved ones.

At death, the total value of the funds in your registered retirement account must be reported as income and is fully taxable to your estate unless funds in the registered account can be rolled over to a surviving spouse or a dependent child.

You can name the CSEG Foundation as a beneficiary, or an alternate beneficiary, for all or a portion of any retirement funds remaining in your account.

Benefits of Making a Gift of Registered Retirement Funds

Your estate will receive a tax receipt for the value of the funds received by the Foundation. The resulting tax credit will help to offset tax owing on the funds by your estate.
The funds pass to the CSEG Foundation directly and are not subject to probate fees.
You have the use of the registered retirement funds during your lifetime.
The gift is easy to make – simply obtain a beneficiary designation form from your plan’s provider and complete the form with the Foundation’s legal name: CSEG Foundation and charity number: B/N 8260 94740 RR00001.
The satisfaction of arranging a meaningful gift to the Foundation that is important to you – a particular program or the area of greatest need.

Gifting Options

Endow a fund in your name.
Create a named fund in honour or in memory of a loved one, or someone who has made a difference in your life.
Support ongoing programs, or an area that is close to your heart.

We strongly encourage you to consult your lawyer, accountant, or other financial advisor before finalizing your planned gift.

Attending the CSEG GeoConvention was a great opportunity to interact with both the academic and the industry of exploration geophysics. I am thankful for the CSEG for organizing this event and to the CSEG-F for funding me to attend it.
– Amr, University of Alberta

I am very lucky to be selected to receive a CSEG Foundation Travel Grant and Learning Subsidy to attend the 3rd Annual CSEG Symposium. This Symposium is really valuable. As the first student from McGill University to apply for funding from the CSEG Foundation, I appreciate getting this chance and I can spread the news of these events and the Foundation around my friends and classmates here. Thanks very much again for CSEGF funding to gain such good experience.
– Meng, McGill University

Coming from Ontario, mostly surrounded by hard rock, we have a great deal of focus on igneous and metamorphose rocks. It was interesting to see the different takes on the education of the Earth Sciences across the country. The representatives at Repsol and Divestco gave great insight into the various roles of geophysicists and the workshop put on by Imperial was interesting as we never had anything like that to do at UofT. I learned a lot from the talks there and the assignment we worked through. It was really neat to see the Schlumberger truck both inside and out and the tools they had set up; I never saw a truck before. It was also amazing to see the vibrating truck set up by CREWES; we don’t have any of those at UofT.
– Erica, University of Toronto

My experience at the CSEG Symposium this year was very good. I am very grateful to the CSEG Foundation for allowing me to attend the Symposium.
– Nadia, University of Alberta

GIFT 2016 was an incredible experience for me. It provided me with a valuable opportunity to meet not only geoscience students from across Canada, but also industry professionals. It enabled me to broaden my scope in the oil and gas industry, and to understand its prospects and the application of geophysics in reality.
– Oi Yin, University of Toronto

Willapa Bay, Washington, offers an excellent opportunity for graduate students unfamiliar with modern sedimentology and ichnology to view and discuss trends in numerous depositional environments, as well as learn how modern techniques may be applied to the rock record. The graduate and undergraduate students involved are incredibly thankful to CSEG for providing the necessary financial support for their AAPG/ATLAS field trip.
– David and Christine, University of Alberta

As a geology and geophysics student from Quebec, I found that GIFT’s first day was very instructive on the workings of the oil and gas industry. Many speakers informed us on all the different career perspectives, on the ways to enter the industry and on the challenges that being a geophysicist may imply. The dinner and icebreaker were excellent opportunities to network with industry professionals.
– Micha, Université Laval

Attending this event [Geophysical Industry Field Trip] exposed me to numerous geophysical techniques and procedures that I had only ever learned about in the classroom. GIFT not only taught me something new, it introduced me to several industry professionals who were eager to meet the next generation of geophysicists and geologists.
– Ryan, University of Calgary

The 50th annual Western Inter-University Geosciences Conference (WIUGC) was a very good opportunity to reach students and to establish multiple contacts with other geoscientist and industry professionals. I believe it will greatly contribute to my further comprehension of geosciences and geo-engineering, therefore it was a really great experience.
– Imteaz, University of Regina

Members

Society

Technical

Resources

Conventions

Giving Tomorrow

Bequests

Benefits of making a Bequest

Options for making a Bequest

Sample Will Clauses

Registered Retirement Funds

Benefits of Making a Gift of Registered Retirement Funds

Gifting Options