Types of planned gifts

Bequests

The most common legacy gift, a charitable bequest, is a donation made through your will. A bequest in your will can create a lasting legacy and support the Society in an incredible way.

You can:

• Give cash, an asset or a share of whatever remains after estate expenses and other bequests are paid from the estate.
• Set up a trust that pays income to a loved one for life with a gift of the remainder to the Society.
• Make your gift contingent, payable only if your other beneficiaries do not survive you.

Including a gift in your will is one of the easiest ways to plan a gift to the Alzheimer Society of B.C. We have prepared sample will wording for use by the lawyer or notary who drafts your will. If you plan to establish an endowment or to place any restrictions on your gift, please contact us before finalizing your will to ensure that the Society can accommodate your wishes.

Make a Will Week occurs in April each year in British Columbia to encourage people to write a will or revise an existing will. Studies show that just 55 per cent of British Columbians have a signed, legally-valid, up-to-date will. A will ensures that the people and organizations you cherish most receive the benefit of your estate. Read more about the importance of having a valid will here. 

Life insurance

You can plan a generous gift and receive tax benefits in the future. For example, you can designate the Alzheimer Society of B.C. as a beneficiary on a policy you own. The Society will receive a future gift and your estate will receive a tax benefit.

Charitable gift annuities

Annuities allow mature donors to make significant gifts and still have enough income to live comfortably. They offer a rate of return higher than GICs and term deposits, without increased investment risk, and without the need to make ongoing investment decisions.

If you find these advantages appealing and you are interested in making a donation to the Alzheimer Society of B.C., combining a charitable gift with an annuity might work well for you.

Publicly-traded securities

For information about donating publicly-traded securities, visit our securities page.

Registered investments

One of the easiest ways to help people living with Alzheimer’s disease and other dementias is to designate the Alzheimer Society of B.C. as a beneficiary of your RRSP, RRIF or TFSA. This valuable future gift to the Society will offset income tax that your estate or your spouse’s estate will eventually pay on these assets.

Endowments

When you create an endowment, the principal amount of your gift is invested and only the income can be used for our vital programs. With this type of gift that continues to give year after year, you offer a perpetual source of hope for those living with Alzheimer’s disease and other dementias. Various tax benefits apply, depending on the way the donation is made.

You can be confident that your gift will improve lives, and that its value will be maximized over time by a respected investment management group, guided by the policies of the Alzheimer Society of B.C.

Charitable remainder trusts and gifts of residual interest

Charitable remainder trusts and gifts of residual interest allow donors to receive an immediate tax benefit and continue to enjoy the benefit of their property during their lifetimes. These gifts often appeal to mature donors who would like to continue receiving an income from their assets or enjoying their property, and are interested in reducing the amount of income tax they pay.

Note: The information on this page can help facilitate discussions between you and your estate planning advisor. It is not intended as legal or tax advice. We encourage you to seek advice from a qualified professional.