Planned giving through JABC gives you an opportunity to create the future you want for B.C. youth. If you wish to make a gift with even greater impact in the community, you may choose to draw on your savings, investments, property or estate. This takes forethought and planning, hence the term “planned giving”.
Planned gifts often offer special tax advantages for you. They can be an immediate gift (securities, real estate or other personal property), or a future gift that is planned for now (life insurance, trust gifts, or a gift in your Will).
Planning a gift ensures issues that are important to you and your family have support over the long term. Here are a few ideas of how you can leave a gift for B.C. youth:
BEQUEST IN YOUR WILL:
A bequest is a direction in your Will that a certain sum of money, a particular asset, or a portion of the estate is to be given to JABC. Please speak with your legal advisor for suggested Will clauses to assist you with your plans.
Donating securities is an effective way to give. If you own publicly-traded securities that have increased in value and you decide to sell them, 50% of the capital gain is taxable. However, if you donate these securities ‘in kind’ to JABC, no tax is payable on the capital gain. The resulting tax credit from the donation of the securities will reduce the taxes payable on other income. Making a gift of this type is easy to do. Please discuss with your financial advisor or broker then click here for our donation form.
Giving life insurance is a way of making a planned gift without depleting your estate or depriving your loved ones of other assets. At the end of your lifetime, the gift of the policy proceeds will be paid by the insurance company directly to JABC.
A property gift allows you to donate real estate, shares in privately-held corporations, royalty interests, works of art, jewelry, or other valuable property to JABC while receiving immediate tax benefits. Prior to accepting the gift and issuing a receipt for income tax purposes, JABC will require a professional appraisal completed by a qualified third party appraiser to determine the fair market value of the property.
TFSA, RRSP, RRIF AND OTHER DEFERRED PENSION PLANS:
You can name JABC as a direct beneficiary of the proceeds of your TFSA, RRSP, RRIF or registered pension plan. The resulting donation credit may be used to offset any taxes payable on the redemption of the proceeds or other income, benefiting your estate.
For more details about donations that do or do not qualify for a tax credit, how to calculate and claim your charitable tax credit, etc. consult your professional advisors or visit the Charities and Giving section of the Canada Revenue Agency website
To speak to us about your planned gift, please contact Nancy Cordozo at: 604-688-3887 ext 229 or firstname.lastname@example.org