Gifts in your will
Leaving a bequest in your will is the simplest way to make a legacy gift offering several benefits. A gift in your will has no effect on your current income and you can receive a charitable tax receipt for your estate. Here is a sample of bequest wording to get you started:
“To pay the sum of $_________ OR _______% of the residue of my estate to VGH & UBC Hospital Foundation to be applied by the Foundation’s Board of Directors at its discretion, for the general purposes of the Foundation.”
Gifts of Life Insurance
Life insurance is one way you can provide financial security for your family. What you may not know is that once the needs of your family are taken care of, a life insurance policy can be donated to your favourite charity. Donating a life insurance policy can also provide tax savings. Learn more
Gifts of Securities
Selling securities from a highly appreciated portfolio could subject you to significant capital gains tax, but when you donate publicly traded stocks, mutual funds, segregated funds or bonds directly to a registered charity like VGH & UBC Hospital Foundation, you benefit from the donation tax credit and the complete elimination of the capital gains tax. Learn more
TFSA, RRSP, RRIF
Donate the proceeds of a registered account such as a tax-free savings account (TFSA), a registered retirement savings plan (RRSP) or a registered retirement income fund (RRIF) to reduce taxes on your estate. Learn more