Benefits to leaving a gift in your will include:

1. Making a difference in the lives of the next generation of British Columbians
2. Your income today is not affected so you can still ensure your loved ones are taken care of first
3. Mitigating tax burdens on family members
4. Making a significant donation without spending current assets
5. Receiving a charitable tax receipt for your estate

We are happy to work with you and your professional advisor to ensure the donation you choose to leave best suits your needs and wishes.

If you have already arranged a gift – thank you! Please let us know so we can thank you personally and keep you up to date on areas that interest you.

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

BEQUEST WORDING SAMPLE

“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.”

LEGAL NAME AND ADDRESS

VGH & UBC Hospital Foundation
190- 855 West 12th Avenue
Vancouver, BC V5Z 1M9

CHARITABLE REGISTRATION NUMBER

132173063RR0001

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

VGH & UBC Hospital Foundation is Vancouver Coastal Health’s primary philanthropic partner, raising funds for specialized adult health services and research for all British Columbians. We partner with donors to drive innovation and sustainable health care at VGH, UBC Hospital, GF Strong Rehab Centre, Vancouver Coastal Health Research Institute and Vancouver Community Health Services.

Philanthropy allows us to invest in health care innovations that would otherwise be impossible. Thanks to donations, we have been transforming health care in BC for 40 years with $1 billion in philanthropic funding. Take a look at some of the vital projects these donations have supported. Learn more

Q: Can I leave a gift to a specific area of health care?
A: Yes! Please contact Charlene Taylor at 604.875.4917 She will provide the correct wording to direct your legacy gift to your preferred area of care or research.

Q: Will I receive a tax receipt?
A:  Yes. If you leave a gift in your will, at the time of your passing, your estate will receive a tax receipt and can claim a charitable tax credit for the full amount of your gift, up to 100% of your net income in that year. Any excess tax credit can be carried back to the previous year.

The Gift & Estate Planning team is happy to work with you and your professional advisor to ensure the donation you choose to leave best suits your needs and wishes.

Please connect with one of our team members directly to learn how you can leave a legacy for health care in BC.

Charlene Taylor
Director, Gift & Estate Planning
Phone: 604.875.4917
charlene.taylor@vghfoundation.ca