Planned Giving
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A little planning can go a long way
We all have causes we’re passionate about. After you have taken care of loved ones, you can demonstrate your life values by leaving a lasting legacy to those causes you believe in. Your gift will have a meaningful impact on future generations and help make the world a better place.

A legacy gift is a charitable gift from your estate. The most common type of legacy gift is a gift in a will, but you can also name your favourite charity as a beneficiary of your RRIF or RRSP. Choose to make a gift that reflects your charitable wishes, personal values and circumstances.

Why is legacy giving important to charities?
When you choose to leave a legacy as part of your estate planning, you will change the lives of people in your community and beyond.

How can you make a legacy gift?
Is there an organization/charity that has had an impact on your life, your community or the life of someone you love? By creating a legacy, you make a significant contribution to the future sustainability of your chosen charities and support the causes that are most meaningful to you.

Do you have a will?
If you do not have a will, you are not alone. According to a 2014 report for BC Notaries, just 55 per cent of British Columbians have a signed, legally valid and up-to-date will. A will is the best way to ensure that the people, charities and organizations you cherish most receive the benefit of your estate. Without a will, your estate may not be distributed in the way you would have wished and the costs of administering your estate may be higher.

You don’t need to be rich to leave a legacy. You can leave money to your family and to your favourite charity and you do not have to choose between the two.

Here are some ways that you can make a legacy gift:
• Gifts in a will
• RRSPs and RRIFs designations
• Life insurance
• Charitable remainder trusts
• Residual interest gifts
• Appreciated securities

For more information about how you can make a strategic charitable gift, speak with your financial advisor or consult with your charity of choice on how best to structure your legacy gift.

The Vancouver Island Chapter of the Canadian Association of Gift Planners (CAGP) in Victoria is one of 19 local Chapters across Canada.