The future of your community: Maximize Your Impact with a Planned/Legacy Gift
When you make a donation to United Way, you are making an investment in your community and giving your family, friends, and neighbours a hand up when they need it most. Every dollar of your donation is invested right here in your community to transform local lives and create lasting social change. It’s also rigorously measured for its effectiveness and efficiency, ensuring that together we are driving the most meaningful results and the biggest possible impact.
You can make a long-term investment in the community via a powerful legacy that reflects your values and vision for the future by considering a planned or legacy gift and joining our Legacy Circle.
Planned giving through the United Way gives you an opportunity to create the future you want for Victoria. 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 immediate (gifts of securities, real estate or other personal property), or future gifts planned now. We call these gifts for the future “legacy gifts” because they continue after you. They can include 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. Read more here about charitable gift planning
Future vision – wills and bequests
Creating your will is one of the most important things you do in your lifetime. It is a lasting testament to you and your accomplishments, and to your vision and values. A will provides an opportunity to focus on who and what is most important in your life. Having a valid, up-to-date will in place ensures your last wishes will be respected and followed.
You can make our community a better place in the future by naming United Way of Greater Victoria in your will today. A gift in your will, or a bequest, can be a specific dollar amount, item or gift of property; a residual amount or percentage left after specified amounts have been paid to others; or a donation that is contingent on the passing of other of your named beneficiaries. Or a bequest could include a gift of shares or securities, RRSPs or RRIFs.
Your estate receives a charitable receipt to reduce taxes payable on your final tax return.
For more detailed information and suggested wording for Wills please request our booklet “Your Final Gift to the Community” or view it here.
“I have named United Way in my life insurance and my will. I love the ‘umbrella’ of support United Way provides through so many different social services in the region. I also know United Way will definitely be here helping where it’s needed most, long after I’m gone.”
Ways to give a Planned or Legacy Gift
There are many options available to you to ensure that Victoria and the Capital Regional District remain a great place to live well into the future, a caring community that looks after its most vulnerable.
Here are a few ideas of how you can leave a gift to your community.
Gifts of Life Insurance
For a modest, regular premium payment, a donor can make a significant future gift by naming United Way as beneficiary or owner of a life insurance policy. Premium payments can be tax deductible if United Way is named as the policy owner. Some donors may also consider transferring an existing policy to United Way, often resulting in a tax advantage to the donor.
For more information on options available please request our booklet “Maximize Your Support to Our Community” or view it here.
Gifts of Real Estate and Personal Property
You can make a significant investment into the future or your community by giving a gift of real estate or other personal property. A charitable receipt is provided for the market value at the date United Way formally takes ownership. Whether considering making this an immediate donation, or for the future in your will – please contact us to discuss details.
Gifts of Retirement Funds (RRSPs, RRIFs)
You can consider giving monthly gifts to United Way through your RRSP or RRIF while you’re enjoying your retirement. Or you may choose to name United Way as a beneficiary of all or a portion of your retirement funds. You can make this selection known directly on your RRSP or RRIF documents or as indicated in your will.
Proceeds of RRSPS and RRIFs contributed to United Way upon your passing qualify for a charitable receipt to offset taxes payable by your estate.
Gifts of Assets Placed in Trust
By establishing a Charitable Remainder Trust, you can donate an income-generating asset to United Way now, and continue to receive the income from it while living. Or, with a Gift of Residual Interest, you can donate an asset of personal value now (i.e. real estate, valuable art) and continue to enjoy the use of it while living.
In both cases, you also benefit from an immediate tax receipt for the donation, and enjoy recognition and appreciation for these future gifts while living.
Major gift donors may create a fund that addresses a community need or idea that they are passionate about. The fund is part of our granting pool and can carry their name, or honour the name of someone they would like remembered, or be anonymous.
Such a fund may be established with an outright donation, a multi-year donation, or through a legacy gift for the future. It can be utilized over an agreed-upon period, or in perpetuity if the donor requests that the fund be endowed. Donors of named funds also have an option to designate their support to one of the established priority funding areas of United Way Greater Victoria: All that Kids Can Be; From Poverty to Possibility; and Strong Communities. For more information view our brochure
Want to speak to someone about your legacy options?
Please contact: Darryl Els, Major Gifts Officer at firstname.lastname@example.org