Planned giving is a wonderful way to ensure that your long-term philanthropic goals are met. Planned gifts come all shapes and sizes. Here are a few easy and effective ways to create a lasting legacy:
Wills and Trusts
Making provisions in your estate plans is a very personal and forward thinking way to support Langara. The process of leaving a gift to Langara in your will or trust is established by specific clauses drafted by your legal council. We would be happy to work with you and your advisors to develop a gift plan that is personally meaningful but also brings maximum benefit to Langara. Langara has established some sample clauses to assist you in your planning.
View sample clauses for your gifts to Langara.
Gift of Insurance
There are three ways in which to give life insurance can be used to support Langara: naming Langara as a beneficiary or donating a new or existing policy to Langara. Naming Langara College Foundation as a beneficiary of your life insurance policy provides your estate with tax benefits. If you designate Langara College Foundation as the owner and beneficiary of your policy, tax benefits may also be realized today.
View sample clauses for your gifts to Langara.
RRSP/ RRIP and Pension Plans
Naming Langara as a beneficiary of your RRSP, RRIF or pension plan means all or a portion of these assets can be left directly to the College upon your death without having to pass through your estate. This arrangement means that no probate fees are payable on these assets. Donations of this type are a great way to reduce the substantial deferred tax burden that many RRSP and RRIF plans carry.
Gifts of Securities
Many people hold various securities, including shares, bonds, mutual funds and stock options. When people choose to directly donate such funds from publicly trades securities to a registered Canadian charity (rather than selling the securities first, then donating the proceeds) there is an elimination of capital gains. The result is an immediate donation receipt for you for fair market value as of the date the Foundation receives those funds. We suggest you consult with your professional advisor before making a gift of publicly trades securities.
For more information, please contact foundation@langara.ca