We know that volunteering is more than activity for people. It is a value. Whether you are a volunteer, have been helped by volunteers, or you work or live with volunteers, you have witnesses the power of volunteerism. When the time is right, we hope you will consider making a donation to Volunteer Victoria.
Here are some of the many options available to make a lasting difference for people and communities.
One-time, Monthly, or Annual Donations
You can donate online through our giving page on Canada Helps, mail a donation to 306-620 View Street Victoria, V8W 1J6, or talk to one of staff members at 250.386.2269. You have options to invest in programs and services that have meaning for you that are in keeping with your wishes and vision.
GIFTS OF STOCKS AND PUBLICLY TRADED FUNDS
In Canada, there are very good tax benefits for direct gifts of publicly listed securities as no capital gains taxes apply to the donated securities.
CHARITABLE BEQUEST IN YOUR WILL
If you own a home or other significant assets, you can look after your family and also leave a legacy gift that will benefit the voluntary community for years to come. Some people consider 5% to 10% to charity as a guideline for a will that is primarily meant to benefit family members.
BENEFICIARY OF RRSP, RRIF, TFSA, ETC.
Many registered savings accounts, such as your Retirement Savings Plan, allow for a beneficiary to be named. Please consider making Greater Victoria Volunteer Society one of your beneficiaries.
GIFT OF LIFE INSURANCE
Designating the Greater Victoria Volunteer Society as a beneficiary of your life insurance policy can provide a substantial gift in the future for a relatively low cost each year. Signing over an old or unneeded life insurance policy to Volunteer Victoria is another way of making a tax-deductible gift to help end homelessness.
GIFTS OF REAL ESTATE
Gifts from the proceeds of a real estate sale will also benefit the donor or estate significantly by eliminating the capital gains tax on the portion of the proceeds given to a charity within 30 days. Consult with your professional advisor if you are considering a gift from a real estate sale.
OTHER VALUABLE ASSETS
Assets in many forms such as cash, precious metals, artwork, jewelry, business assets, intellectual property, etc. can be left in your will, or given, to the Greater Victoria Volunteer Society. Tax receipts can be issued for most such gifts. Feel free to call us to discuss your creative ideas.
TRUSTS AND ANNUITIES
Trusts and annuities can have significant tax benefits, providing an opportunity to set aside a gift of cash, securities or real estate for the Greater Victoria Volunteer Society, while you receive a guaranteed annual income during your lifetime. There are many different types of trusts and annuities and you will want to consult a professional advisor before making your decision.
TALK IT OVER
It is a very good idea to consult your partner and family about special gifts. As well, Volunteer Victoria recommends you speak with your lawyer, financial advisor or accountant before making any large gift, to ensure that you or your estate is receiving the best possible tax benefit. Maximizing your tax benefits may allow you to make a larger gift and leave more for your loved ones.
To find expert advice, that Canadian Association of Gift Planners recommends that you connect with:
Referrals to Qualified Financial or Estate Planners
Canadian Association of Insurance & Financial Advisers (CAIFA)
Ph: (604) 941-9657
Institute of Chartered Accountants of BC
Toll Free: 1-800-663-2677
This information is provided by Leave a Legacy, an initiative of the Canadian Association of Gift Planners.
