Variety BC imagines a future where BC’s kids with special needs are thriving, achieving their full potential and having their needs met every single day. You can help to make this dream a reality by making a planned gift to Variety. Through thoughtful planning today, you can take care of your loved ones and bring a brighter future to kids who need it most. What will your legacy be?
How your gift makes a difference
Your gift will provide help and hope to BC families who have children with special needs. You will ensure that Variety is always there to step in for these families where healthcare ends, to be able to say “Yes!” when they need it most. Your gift gives kids the opportunity to thrive and reach their unique potential.
Ways to leave your legacy…
1. LEAVE A GIFT TO VARIETY BC IN YOUR WILL
Writing a will doesn’t have to be complicated or overwhelming.
Variety BC has partnered with Willfora, a free resource to help make creating or updating a Will easier than ever. Willfora allows you to create a legal Will online in 20-minutes or less, at no cost to you.
This confidential, secure Will-writing platform makes it simple to create or update your Will from home, and gives you the option to support causes that are important to you. This way, you can take care of those you love, while helping create a future where special needs kids in BC are thriving, achieving their full potential and having their needs met every single day.
Who can leave a gift in their Will?
If you believe like us, that all children should have the chance to thrive and have access to the support and help they need, then you should consider leaving a gift in your Will for Variety. Leaving a gift in your Will isn’t only for those who are ‘wealthy’ or those without children or dependents. A gift of any size will help change the lives of kids with special needs in BC.
How do I provide for my loved ones and leave a gift in my Will?
Many donors choose to leave a residual gift, i.e. a portion of your estate. Even a 1% gift of your estate can make a huge impact for kids in BC with special needs, while leaving the rest for your loved ones. There are also tax benefits to consider in choosing to leave a charitable gift in your will, which in some cases can greatly reduce the taxes your loved ones will need to pay on your estate when you pass.
What types of gifts can I leave in my Will?
By choosing to leave a gift of assets other than cash, you could save capital gains and estate taxes, and therefore make a bigger impact than you previously thought possible. Examples of other types of gifts you can leave are stocks and securities, life insurance, RRSPs or RRIFs, Annuities and more.
Why should I let you know I’ve left Variety a gift in my Will?
By sharing this information with us, we can not only thank you for your future gift now but work with you to ensure any specific requests can be fulfilled and plan how your gift can be used to have the most impact for BC kids with special needs.
2. DONATE YOUR LIFE INSURANCE TO VARIETY BC
Life insurance can be an effective way to support Variety. Donating a life insurance policy isn’t subject to taxes, probate costs or estate debts, and you can make a substantial contribution through relatively small monthly or yearly payments. At the same time, you’ll be rewarded for your donation through the charitable tax receipts you receive.
Three Ways to donate a policy
- Take out a new policy in the name of Variety – the Children’s Charity of BC
- Name Variety as the beneficiary of an existing policy
- Transfer ownership of an existing policy to Variety
3. NAME VARIETY AS A BENEFICIARY ON YOUR INVESTMENTS
By naming Variety as the beneficiary of your RRSP, RRIF or Pension you will be making a gift that will allow you to offset the tax that your estate would otherwise pay on these assets. Be sure to discuss this option with your financial advisor or lawyer to determine if it’s right for you.
4. CREATE A DONOR ADVISED FUND
If you want to establish a legacy by donating a lump sum now, but spread it among various charities or distribute it over several years, consider establishing a donor advised fund. This effectively creates a pseudo foundation for a fraction of the cost of setting up a private foundation. You receive the tax receipt when you make the donation and can then allocate the funds to any of Canada’s registered charities.
If you’d like to learn more about supporting Variety – the Children’s Charity with a planned gift, please email Jennifer Shang or call 604.268.4038.
Legal name: Variety – the Children’s Charity of BC
Address: 4300 Still Creek Drive, Burnaby BC V5C 6C6
Charitable Business Number: 10816 8709 RR0001