Planning your legacy

The legacy gift you leave is a very personal and individual decision. It is a meaningful way to open doors to education and opportunities for future students who are supported by your generosity. The positive impact of your kindness and passion will be fulfilled in our students' lives, our College, and society for future generations.

What will your legacy be?

A planned gift, also known as legacy gift, is a meaningful, lasting way to help Langara College to continue to fulfill its vital mandate to provide students with the skills to chart their course to further education, professional and personal development, and career success. After you have provided for your loved ones, please consider a gift to the Langara College Foundation and the future of higher learning.

Learn more about planned giving at Langara.


What are the financial benefits?

Each type of gift has different benefits to you and the Langara College Foundation, as well as different tax and financial implications. We encourage you to obtain independent financial advice about any gift and to discuss this information with the members of your family, who should be aware of your decisions. We welcome you to contact our planned giving specialists at Langara College Foundation to answer your questions, direct you to resources, and assist you to plan your gift. Explore the giving options below and contact us to learn more. 

Do you want to create a lasting endowment that will last forever?

Langara’s current endowment minimum is $25,000 to establish a named fund supporting a student award, bursary or scholarship. The award/fund may be named for you or in honour/memory of a family member, friend, organization or colleague. Learn more here.

Types of Legacy Giving


Wills Remember us in your Will. Give a gift of a lifetime.

We invite you to help change lives for generations to come. When you leave a gift to the Langara College Foundation in your Will, you are laying the foundation for students to succeed; grow in confidence, realize the opportunities ahead, and fulfill their dreams and potential. A gift in your Will supports an investment in higher education and prepares students for their professional and personal development.

Gifts in wills are a thoughtful way to support a cause you believe in, or to leave a tribute honouring a family member, or to minimize your estate’s exposure to taxes. You can make a gift for a specific dollar amount or item, or for a share or percentage of your estate.

 

Benefits of making a bequest:

  • Bequests are tax creditable. Legislative changes continue to make it easy to leave a legacy gift. The value of a charitable gift to the Langara College Foundation can help to offset taxes on an estate.
  • Supporting a cause you cherish, leaves a legacy of significance and meaning, as well as financial disbursements.
  • You have the use of the asset during your lifetime.

Types of bequests:

  • Residual bequest: Langara College Foundation receives a share or percentage of your estate after all debts, expenses and gifts have been paid.
  • Specific bequest: Langara College Foundation receives a specific amount or a specific piece of property (real estate, art, collections, books, etc.).
  • Restricted bequest: Langara College Foundation would receive a gift that stipulates that funds should be used for a specific purpose. 
  • Contingent bequest: Langara College Foundation would receive a share or percentage of your estate, but only in case the primary beneficiary or beneficiaries are predeceased.
Stocks, Mutual Funds, and Bonds Easy and Tax Benefits for You.

You can donate securities directly to the Langara College Foundation to eliminate the capital gains tax on your investments. Canadian law currently allows the donation of publicly traded securities, mutual funds and bonds to registered charities, without having to pay capital gains tax. To avoid paying capital gains tax, the securities must be transferred directly to the Foundation. The result is an immediate donation receipt to the donor for fair market value as of the date the Foundation receives those funds.

We recommend consulting with your professional advisor, before making a gift of publicly traded securities. Click here to learn about how to give.

 

Life Insurance Affordable Gift Today, Major Gift Tomorrow

A gift of life insurance can be at an especially affordable current cost to the donor.  It is a great opportunity to leave a significant contribution, while you as the donor, may not have the financial resources to make a large gift during your lifetime.

Below are two ways in which you can gift life insurance to support Langara College Foundation:

  1. Foundation as a beneficiary of an existing or new life insurance policy.
  2. Name Langara College Foundation as Beneficiary and Owner of an existing or new life insurance policy.

Naming Langara College Foundation as a beneficiary of your life insurance policy provides your estate with tax benefits.

When you name the Langara College Foundation as the beneficiary of the policy (but not as the owner of the policy), your estate is entitled to a tax-creditable receipt. The gift remains outside the estate and is not subject to probate fees.

We strongly encourage you to discuss your options and objectives with a legal, tax or financial planning expert to assist you in making the right choice for you.

RRSPs, RRIFs Tax Benefit to Your Estate.

Registered retirement funds (RRSP), next to personal real estate, are the most important investment you will make.

Naming Langara College Foundation as a beneficiary of your Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF) or pension plan means all or a portion of these assets can be left directly to the Langara College Foundation upon your death, without having to pass through your estate. This arrangement results in no probate fees on these assets to be donated. Gifts of this type are a great way to reduce the substantial deferred tax burden that many RRSP and RRIF plans carry.

 

Professional Advisors Resource

If you work in the field of accounting, law, insurance, financial planning, investment planning, banking or family wealth, we thank you for your interest in philanthropy and Langara College Foundation.

Below is information and resources to help serve your clients. 

  • Legal Name: Langara College Foundation
  • Cheques payable to Langara College Foundation
  • Mailing Address:
    Langara College, Foundation
    100 West 49th Avenue
    Room B112
    Vancouver, BC
    V5Y 2Z6
  • Our charitable registration number: 829255132 RR0001

Documents

  • Download Bequest clauses
  • Click here for guidelines and forms for Gift of Stock
  • Click here for the Donation Form
  • Click here for information about how to submit a donation via wire transfer

For more information or to book an appointment at your convenience please contact Simone Le Blanc
Executive Director at phone: 778.875.9954 or email: sleblanc@langara.ca.