A legacy gift – whether large or small – in your will can be generous, impactful, and simple. It allows you to leave a larger gift, this allows future older adults to have the supports needed to live safely in the community. Your donation will help provide the continuum of care older adults need in Vancouver.
By leaving a charitable gift in your will, you help ensure that the important work that the Arbutus Shaughnessy Kerrisdale Friendship Society does is able to continue for future generations.
Benefits to leaving a gift in your will include:
- Making a difference in the lives of the next generation of older adults
- Your income today is unaffected so you can ensure your loved ones are taken care of first
- Mitigating tax burdens on family members
- Making a significant donation without spending current assets
- Receiving a charitable tax receipt for your estate
How to leave a gift in your will
Gifts in your will
If you would like to leave a legacy for the Arbutus Shaughnessy Kerrisdale Friendship Society as the beneficiary, here is suggested bequest wording for your will:
“To give [ $___/___%/ residue] of my Estate to the Arbutus Shaughnessy Kerrisdale Friendship Society, charitable registration #118788967 RR0001.”
Gifts of securities
To avoid capital gains tax, you can donate publicly traded stocks, mutual funds or bonds directly to a registered charity like Arbutus Shaughnessy Kerrisdale Friendship Society. You will receive a tax credit and eliminate capital gains tax.
If you are transferring securities from an estate, please use the Society’s transfer form.
Gifts of life insurance
You can name the Arbutus Shaughnessy Kerrisdale Friendship Society as the beneficiary of your life insurance. policy, or transfer the ownership of your policy. Donating a life insurance policy can provide tax savings.
TFSA, RRSP, RRIF
Donate the proceeds of a registered account such as a tax-free saving account (TFSA), a registered retirement saving plan (RRSP) or a registered retirement income fund (RRIF) to reduce taxes on your estate.