We Can All be a Philanthropist - Leave a Legacy

By Peter Chipman BBA, CFRE

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We can all be philanthropists and here’s how you can do it.  Every day in the Victoria and British Columbia in general, people's lives are enriched by the work of not-for-profit and charitable organizations in our communities.  Meals for isolated seniors, equipment and services for 'special needs children', summer jobs for disadvantaged high school students, funding for mental health or cancer research or a live performance by a local arts organization are just some of the ways not-for-profit organizations improve our lives.

Financial assistance is essential to support this work.  A vast majority of British Columbia residents generously give their money and time to local not-for-profits. 

But many people are unaware that by making a gift in their Will or estate plan to the charities of their choice, they can continue to help people in need and support their favourite cause, far beyond their lifetime. 

And there may be tax benefits from these charitable gifts that could leave more net money to your heirs and/or other beneficiaries.  The donation can be large or small depending on your means and motivation.  It can be money, insurance, property, public company shares or other assets, but one thing is vital.  But it has to be in your Will.

Variety - The Children's Charity of BC is often the recipient of a legacy from the Will of a generous benefactor, and many of these people made the decision to include Variety's 'special needs' children' in their Will years ago.  Many Canadians still have not prepared a Will (approximately 60%) so if this includes one of you, perhaps now is the time to think about it.

Whether you make a charitable gift now or you do so through your Will, you should be comfortable that your generous gift is being used wisely.  Variety receives donations and legacies from people all around the province, and through these legacies these good people are able to make a gift of significant impact.

For those of you who watched our Variety - Show of Hearts on Global Television in February of 2013, you know that dreams can come true for children from all parts of British Columbia.

Please be assured that your generous donations to Variety are being wisely spent on the children who have special needs here in BC.  And also know that when you create a legacy like a bequest in your Will, you are making the most generous gift that you possibly can, and it will last far beyond your lifetime.

So you see!  We can all be philanthropists.  We just have to leave a legacy.

Visit our website for more information about Variety - The Children's Charity of BC

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