Types of Planned Gifts
The key to determining the right planned gift is to balance your wishes for yourself, your family and your charitable interests in your overall estate and financial plans. There are many ways to give planned gifts to support YWCA Metro Vancouver’s critical mission.
A bequest is the most common planned gift. Your legal advisor can include bequest language in your last will and testament or living trust that directs a specific asset, total dollar amount, or percentage of your residual estate to be given to YWCA Metro Vancouver*. Your bequest may also include instructions for the specific use of your gift or assignment to a specific YWCA program.
Other ways to give are detailed below. To learn more about estate strategies that help support YWCA Metro Vancouver* through a planned gift, email legacy@ywcavan.org. We’ll be happy to provide more detailed information that you can discuss with your own advisors.
In making a bequest or other estate plan designation to YWCA Metro Vancouver*, you will want to include the following information in your documents:
*Please identify the YWCA by its legal name:
Young Women’s Christian Association (located in Vancouver)
Our address: 535 Hornby Street, Vancouver, BC, V6C 2E8
Charitable Registration:
108227943 RR0001
You can leave a specific dollar amount or a percentage of the residue of your estate. The residue of your estate is the value of what assets are left over after specific gifts, funeral costs and other debts have been paid. See sample bequest language.
There are additional tax benefits to you for donating your publicly traded stocks, mutual funds or bonds to YWCA Metro Vancouver. Your gift is deemed not to attract capital gains, and therefore you receive the total value of your gift as a donation tax credit that can be used to offset other income. Your gift of securities can be made now or as a part of your will and estate plan. See sample bequest language.
Endowments create ongoing support for single mothers and their children. Your gift is invested long-term, and the annual interest from your gift is distributed according to your instructions.
The YWCA maintains a Board-Designated Legacy Endowment fund for donors who do not designate their endowment gifts or who want to contribute less than $25,000. This Legacy Fund gives the Board the flexibility to direct resources to programs and activities with the most significant positive impact.
Gifts of life insurance can be made in several ways, each attracting different benefits to donors. Often, life insurance is used to provide financial protection for your family, but it can also be gifted to the YWCA with substantial tax savings.
Gifts of a tax-free savings account (TFSA), a registered retirement savings plan (RRSP) or a registered retirement income fund (RRIF) allow you to name the YWCA as a beneficiary on your registered account(s) directly with your plan issuer or in your will. During your lifetime, you use your account(s), and the remaining funds will pass to the YWCA as the beneficiary. Naming the YWCA as the beneficiary of your TFSAs, RRSPs and RRIFs allows your gift to pass outside of your estate and you avoid paying probate fees on these funds.
The YWCA recommends that you speak with your financial and/or legal advisor about charitable giving during your lifetime and as part of your will and estate plan.
*When making your legacy gift, please identify the YWCA by its legal name:
Young Women’s Christian Association (located in Vancouver)
Our address: 535 Hornby Street, Vancouver, BC, V6C 2E8
Charitable Registration: 108 227 943 RR0001