Every year, thousands of people come forward to help the British Columbia Paraplegic Association (BCPA) achieve its goals of helping people with spinal cord injuries. Your support matters, regardless of whether you give by mail, by phone, by attending one of our events, or volunteering your time.
Some people are taking advantage of their estates to leave a meaningful legacy – what is referred to as “planned giving.”
One such donor was Robert Kay. He was able to relate to what newly injured people were going through and what it’s like to face difficult challenges.
In September 2000, he was involved in a motorcycle accident that left him a paraplegic. With help from BCPA and other groups, he was able to live an active and productive life.
But not only did Robert overcome his injury, he also battled drug addiction, diabetes, a kidney transplant, and liver cancer over the course of his life. Through it all he kept a positive attitude and a desire to help other people. He was a mentor and volunteer for others that faced similar challenges. He also took great pride in helping the BCPA raise much needed funds which left him with warm feelings of satisfaction.
Robert decided that he wanted to help the groups that had been there for him. He needed most of his money for his numerous medical treatments, but realized that he could still make a big difference through a gift in his will.
That’s why he decided to leave a bequest to support the work of BCPA. It’s an easier way to support people in times of need, and costs nothing now. In fact, in speaking to his financial planner, Robert realized there were actually tax advantages by having a bequest in his will. He then decided to make an immediate cash gift, as well as leaving a planned gift.
Planned giving is tax efficient because it allows you to direct money that might otherwise be paid in taxes to causes you care about. So while Robert continued his fight, he was reassured that he was leaving a lasting legacy.
Sadly Robert passed away in 2004. He left a bequest to the BC Paraplegic Association so that we could afford to carry on the work that he knew was so fundamental to people with spinal cord injuries.
We continue to acknowledge Robert today for this vision as well as his thoughtfulness, passion and humanity. The commitment of his time and his bequest, charitably and selflessly given, will help BCPA to continue to make a difference for people with spinal cord injuries
And on behalf of the people that Robert and donors like you have helped, thank you.
There are several ways to make a planned gift, each with its own rewards and benefits. Some of the most common methods are:
- Bequests, the most common legacy gifts, are gifts made through your will. You can give a specific piece of property, a specific sum of money, or a percentage of your estate.
- Gifts of Appreciated Securities allow supporters to donate appreciated shares (and other publicly listed securities). Tax laws reduce the capital gains paid if you donate shares compared to selling them outright.
- Life Insurance is one of the easiest and most affordable ways to make a legacy gift, and results in a current tax deduction.
- Trusts can allow people to benefit a charity through their will while providing income for others first.
There are other ways of making legacy gifts, such as charitable gift annuities, gifts of property and gifts of other financial instruments.
Remember, planned gifts should be discussed in advance with your financial planner.
For more information or to learn about BCPA’s funding priorities, please check out our website at www.bcpara.org or contact the BCPA Development office at 1-877-324-3611 or email@example.com
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