Page 1

Your Guide to

Legacies and Estate Planning



INSIDE Gifts of private companies and real estate����������������������������������������������page 5 Planning for the next generation�����������page 6 Talking with your parents about their will������������������������������������������������page 14 In Honour of a Mother’s Memory������������������������ page 19

+ more

To read this publication online go to




March 18, 20 16 Main & 23r d A venue Vanco , uver, B C

BURN fund FUND CENTRE burn centre

The best bestplace placefor forburn burnand andtrauma trauma survivors to to recover. recover. Leaving Legacy gifta isLegacy one ofgift theto most significant Bequest ayour Leave become one of the most contributions you can make assist survivors physically significant contributions youto can make to assist survivors and emotionally recover and live a full physically and emotionally recover and life. live a full life. The Burn $13.1Fund million Centre The Centre is: will include: home away from home for patients (and ••8Afully furnished, free of charge, their families) undergoing accommodation suites treatment for serious burn and trauma injuries at VGH or

• A home away from home for patients (and BC Children’s Hospital their families) undergoing treatment for burn and free trauma injuries at VGH •serious 8 fully furnished, of charge, or BC Children’s Hospital accommodation suites

Please Give Today. burnfund.org | 604-436-5617


leave a legacytm

November 2016

Make a Difference in the Lives that Follow

message from chair



message from chair

Canadian Association of Gift Planners, Greater Vancouver Chapter

Leave A Legacy Greater vancouver


Julia Roudakova Lead Strategist for Legacy Giving at FS Financial Strategies


It is with great excitement that the CAGP Greater Vancouver Chapter shares our 18 th Annual LEAVE A LEGACY tm publication with you.


he purpose of CAGP is to support philanthropy by fostering the development and growth of strategic charitable giving. CAGP’s members are leaders in Canada’s charitable community, and provide donors and clients with innovative ways of achieving their philanthropic dreams.

The articles in this publication will highlight exactly that: strategic advice and heartfelt giving stories that are transforming –and will continue transforming- our communities for our generation and for those that come next.

What will my charitable legacy be?

Behind every story there is an individual, an organization, or a professional that is supporting the ambitious ideas and goals that are set when our communities want to do better.

I hope you take a moment to feel inspired and to ask yourself, “What will my charitable legacy be?” Once you have your answer, please consider reaching out to your family, your favourite charity and/or your professional advisor to plan the impact you want to make in your community. LEAVE A LEGACYtm is a public awareness initiative of the Canadian Association of Gift Planners (CAGP) that takes place in local communities across Canada. This initiative helps to promote the importance and benefits of leaving a bequest in your will or other planned giving strategy to support the charity or cause that means the most to you. The LEAVE A LEGACYtm initiative provides information on how easy it is for you to support charities through estate planning while still ensuring your loved ones will be cared for through your will. From the LEAVE A LEGACYtm initiative, people can also learn that their bequest to charity will be felt long after their death and that it will have an enormous impact on the future vibrancy of our communities. In this publication, you will find articles that motivate you, inspire you and help guide you in creating your own Legacy Plan that will be woven into the lives and causes of those you care about most.

With my years of experience in the financial services industry, I have come to recognize the financial benefits, and even more so, the life importance of leaving a gift to charity. Fundamentally, I have learned that the charitable motivation and passion manifests for reasons other than tax benefits.


eople want to enrich their lives and to make a difference in their community. This leads us to often support a cause or organization that we care about, to leave a legacy that reflects our values, and to hopefully inspire the next generation, to also leave a simple expression of gratitude. That is why I think it is so valuable to incorporate philanthropy into the conversation when we as advisors help others build their financial and estate plans.

The choices we make about the lives we live determine the kinds of legacies we leave.

I think the best way to describe a Charitable Legacy is to say that it is your life story as told through a well-planned estate.

LEAVE A LEGACYtm is a public awareness initiative of the Canadian Association of Gift Planners (CAGP) that takes place in local communities across Canada. This initiative helps to promote the importance and – Tavis Smiley benefits of leaving a bequest in your will or other planned giving strategy to support the charity or cause that means the most to you. The LEAVE A LEGACYtm initiative provides information on how easy it is for you to support charities through estate planning while still ensuring your loved ones will be cared for through your will. From the LEAVE A LEGACYtm initiative, people can also learn that their bequest to charity will be felt long after their death and that it will have an enormous impact on the future vibrancy of our communities. In this publication, you will find articles that motivate you, inspire you and help guide you in creating your own Legacy Plan that will be woven into the lives and causes of those you care about most. more information LEAVE A LEGACY™ Greater Vancouver – www.leavealegacyvancouver.com.



leave a legacytm


Make a Difference in the Lives that Follow

Celebrating 20 Years


The difference you make could be life itself

Leave Your Legacy Today.

Leaving a gift in your Will helps thousands of

Your support helps breed, raise and professionally train life-changing dogs for blind/visually-impaired individuals and children with autism.

BC Women’s Hospital Foundation you transform

1.877.940.4504 • info@bcguidedog.com


women and newborns each year. With a legacy to the lives of others for generations to come. To make a donation or learn more:

bcwomensfoundation.org James Carruthers 604.875.2798

Families Need Heroes ... Alex and his mother frequently use our Family Services programs … programs made possible because of thoughtful and generous individuals who chose to leave a gift in their Will. Because of their kindness, children like Alex will get the future they need – the future they deserve. After taking care of your loved ones, please consider leaving a gift in your Will to The Salvation Army. Be a Hero for Hope! Children like Alex are counting on YOU.

Contact Paul or Vicki to find out how easy and beneficial it is to Leave a Legacy: paul_spelliscy@can.salvationarmy.org | vicki_raw@can.salvationarmy.org |




leave a legacytm


November 2016

Make a Difference in the Lives that Follow

Gifts of private companies and real estate Geoffrey W. White Geoffrey W. White Law Corporation & Counsel | Clark Wilson LLP


ntrepreneurs create much wealth in Canada with their businesses and real estate holdings. These dedicated owners are often also very committed to charitable giving. They seek to pass on their community, not diminished, but better than it was passed on to them. However, it is challenging to make gifts from their wealth. Company shares and real estate holdings are often illiquid. Yet, with careful planning, significant gifts can be made now. There are also new gifting opportunities coming in 2017. Consider an example of Daniel and Helen - two successful siblings. Daniel grew a family business; and Helen assembled a real estate portfolio. Daniel wishes to create an ongoing endowment to fight poverty issues. Helen wishes to help a youth community centre.



80% of the appraised value. Helen will receive a tax receipt for the difference between the amount paid and the appraised value. The sale proceeds and the tax savings from the receipt will more than offset any taxes triggered by the sale. Helen’s future gift – The new rules in 2017 may also benefit Helen. The capital gains taxes that would be triggered by a sale of real estate may be reduced to the extent that Helen gifts proceeds of the sale to a charity within 30 days of the sale. Again, the proposed rules have complexities, but Helen may want to keep them in mind for future planning. Entrepreneurs are a driving force in our community. With careful planning, they can share their success and pass along our community even greater than it was passed on to us. 434 Glenwood Avenue | Kelowna, BC | V1Y 5M1 Tel: 250.712.2205 | Fax: 250.712.2208 Email: gwhite@bcestatelaw.com www.bcestatelaw.com

900-885 West Georgia Street Vancouver, BC | V6C 3H1 Tel: 604.687.7751 | Fax: 604.687.6314 Email: gwhite@cwilson.com www.cwilson.com | Contact Information | Profile

Your legacy. His life. Please leave a gift in your Will.

Daniel’s current gift – Daniel has a challenge. Complex rules apply to gifts of private company shares. The default tax rule prohibits a charity from issuing Daniel a tax receipt (to reduce his taxes) unless the charity sells the gifted shares within five years of the donation. Fortunately, there is an “exempted gift” rule. The five year sale period is avoided if the shares are gifted to an “arm’s length” public charity such as Daniel‘s community foundation. The foundation can hold the gift in perpetuity and produce an annual income. Daniel can advise about distribution of the income to his preferred charities.

1.888.663.3033 bcchf.ca/legacy

Ensure your legacy endures

However, without further planning, the foundation would have valuable shares but no easy way to produce an income for the annual gifting. Instead of giving his current shares, Daniel could reorganize to create and donate new preferred shares with a fixed value. These shares could then be repurchased from the foundation by the company in yearly installments to create a cash flow. Each repurchase would usually be taxed as a dividend, but the foundation can receive it tax free. Each repurchase may also allow Daniel’s company to claim a refund of some pre-paid taxes (amounts that may have been collected from past company earnings). The refund may be up to 1/3rd of the repurchase amount. This gift plan is just one of the options available to Daniel. In the right circumstances, it reduces taxes now and creates an ongoing annual refund. It gives the foundation a secure gift and cash flow for the annual income. Most importantly, Daniel will fulfill his wish to make his community better. Daniel’s future gift – In the future, Daniel’s long-term plan may be to pass his business on to the next generation, but it might also be sold. After 2017, in a sale situation, new tax rules may give Daniel extra savings by eliminating the tax on the capital gain in his shares – somewhat like the current rules for gifts of publicly-listed shares. However, the proposed rules are more restricted. Still, if Daniel thinks he might sell and also continue his philanthropy, then it is important that he be aware of this option now - as he prepares his company for that possibility. Helen’s current gift – Helen has learned that the youth centre is searching for a new permanent location. One of the properties that Helen has held in her portfolio for many years is well-suited to their needs. However, Helen cannot afford yet to gift the full value of the property. Helen can arrange a “bargain sale.” The youth centre society will pay up to

A DISCIPLINED STRATEGIC PROCESS FOR CHARITABLE GIVING We are committed to helping you achieve your financial, charitable, and lifestyle goals through a planning-based approach. A comprehensive charitable planning process has 6 steps: Step 1: Creating a profile Step 2: Clarifying Charitable Goals and Objectives Step 3: Analysis Step 4: Create a Charitable Plan Step 5: Independent Implementation Step 6: Monitoring & Reporting For more details, please contact us: Patrick McGuire | 604.732.6551 | pmcguire@rogersgroup.com Brian McGuire | 604.737.6715 | bmcguire@rogersgroup.com 1701 West Broadway | rogersgroup.com ©2016 Rogers Group Financial Advisors Ltd. | Rogers Group Investment Advisors Ltd., Member Canadian Investor Protection Fund



leave a legacytm


Make a Difference in the Lives that Follow

Planning for the next generation Vanessa Woznow Volunteer Study Buddy Mentor Big Sisters of BC Lower Mainland

Big Sisters strives to build a sense of extended family: women helping younger women who are at risk or facing specific challenges. – Shelley Parker


. ST






Shelley Parker and Little Sister Heidi. Photo: Brandon Elliot



“I thought about becoming a Big Sister for a long time before I signed up for an information session,” says Shelley Parker. “I have only reaped extraordinary rewards from my decision to volunteer with this organization,” she says. “Witnessing the transformation of a child into a confident, aware, and motivated young woman is a remarkable thing.” Like other Big Sisters of BC supporters, Shelley is making plans to help the organization in the long-term, by including the organization in her will. “With planned funds they can count on, Big Sisters can plan for growth, and with growth they can serve more girls. It makes sense!” says Shelley. “It’s so emotionally meaningful and satisfying to know that making a bequest to Big Sisters will help provide other young women with mentors for years to come. By donating in my will, I will be helping sponsor a new generation of Big and Little Sister matches.” Shelley was also attracted to how easy it is to plan a gift. “One simple sentence in your will can impact a lifetime of change.” Shelley truly believes that the effect of her donation – and other similar donations – will spill over to other areas, and will be felt for years to come. “Big Sisters strives to build a sense of extended family: women helping younger women who are at risk or facing specific challenges. My gift to Big Sisters will make sure that this goal continues to be a reality for many extraordinary young women.” Securing your future is an important part of your life. After you have created your will, planned your intentions and taken care of your loved ones, consider making a planned gift to your favourite charitable organization. In addition to certain tax advantages that a planned gift brings, it is a philanthropic means to support a cause that you value. There are many ways to make planned gifts to Big Sisters of BC Lower Mainland. To find out how you can create or add to a legacy, contact Lisa Rosales, Individual Giving Officer, 604-873-4525 ext. 316 or lrosales@bigsisters.bc.ca.

Is St. Paul’s your hospital?

Plan today to help St. Paul’s tomorrow.

Keeping Families Close Leave a Legacy for BC children and families

To learn more about making an estate gift to St. Paul’s, contact: Karen Brown, LLB Director, Legacy & Estate Giving 604.806.8271 kbrown@providencehealth.bc.ca Charitable Registration No. 11925 7939 RR0001.

Your gift to Ronald McDonald House BC and Yukon will provide safe, affordable accommodation and support for 2,000 families with seriously ill children each year at our 73-bedroom House. Contact us for information: 604-736-2957 plannedgiving@rmhbc.ca


leave a legacytm


November 2016

Make a Difference in the Lives that Follow

An accountant’s charitable giving tip: donate securities Ellen Schappert BC Children’s hospital foundation

A gift of stocks in his Will allows a savvy retiree to cut estate taxes—and help sick kids get better.


f anyone knows how to handle money wisely, it’s Ron Jansen.

Every year, the Chartered Professional Accountant (CPA, CGA) and Surrey resident donates to several charities, including BC Children’s Hospital. His rationale is simple: “It’s the right thing to do.”

It’s clear that generosity is an essential part of Ron’s core values. The retired businessman donates stocks that have increased in value over the years, his preferred way to give because it nets him the best bang for his charitable buck. “I’ve got stocks I’ve held for a long time that have appreciated quite a bit, so there are lots of capital gains coming up,” Ron explains. ”This is a good way of eliminating the tax.”


capital gain. You’ll then receive a charitable tax credit that can reduce your income tax bill. Ron recently arranged a legacy gift of securities to lessen the tax payable on his estate. Normally soft spoken, he waxes enthusiastic over this way of donating. “If you’re going to give and you can give three times as much as what it’s costing you, isn’t that great?” Child health is important to Ron—and he knows his securities gift will make a big impact at BC Children’s Hospital. That’s why, with the help of his lawyer, he included a donation of stocks to BC Children’s Hospital Foundation in his Will. “She was very, very good,” he says of his lawyer. “We went through a lot of different ideas until I settled on what to do and had a new Will drawn up.”

Ron Jansen & Joyce Barley.

Ron says the many stories he’s seen on television about sick children who go on to thrive, thanks to the care they receive at BC Children’s Hospital, have inspired him to keep on giving. It’s not just the tax breaks that matter, but the impact of his donor dollar, he says. Simply put, it’s all about helping sick kids get better so they can reach their full potential. “It’s a very good cause for children,” he concludes. “That’s where we all start. That’s why helping children is important.”

Donating securities to lower your tax bill may sound more complicated than it is. If you, like Ron, own publicly-traded securities that have increased in value and decide to sell them, 50 per cent of your capital gain is taxable. However, if you donate the same securities directly to a charity, you eliminate tax on the

What’s vital to Garry and Pat Walker?

more information To learn more about how to include a gift to BC Children’s Hospital Foundation in your estate plans, please contact the Gift & Estate Planning team at 604.875.2444 or 1.888.663.3033. You can also email us at legacy@bcchf.ca or visit us at bcchf.ca/legacy.

Leaving a legacy for healthier communities and exceptional patient care Join the Walkers by leaving a legacy gift in your will. Ensure that excellent care is here when those you love need it the most.

“Incredible doctors, nurses and medical staff, and my wife’s love and support, helped me recover while in the bone marrow transplant unit. Today, I’m walking and lifting weights again. The hospital saved my life.” – Garry Walker, White Rock, BC


Please contact: Charlene Taylor Associate Director, Gift and Estate Planning charlene.taylor@vghfoundation.ca 604 875 4917 or 1 877 875 4676 or visit vghfoundation.ca



leave a legacytm


Make a Difference in the Lives that Follow

Charitable giving using segregated funds Heidi U. Pullem Certified Financial Planner

How would you like to be remembered?

Clients will often ask how best to include charitable giving in their estate plan.   As donors, they want to make their charitable gifts pass as quickly, privately and most cost effectively as possible.

Be a celebrated guardian of Canadian Wildlife. We have a special title for those that name us in their will or estate plans: Wilderness Guardians Estate gifts ensure that Canada’s wild species and spaces will endure. But we can only give you the benefits of a Wilderness Guardian if you let us know your intent. Join today. Notify us. Collect the benefits. *Benefits: personalized updates, guided field trips and more...

Learn more at: WildernessCommittee.org/legacy Michelle Johnson Victoria (250) 388-9292 Vancouver (778) 708-9179

46 E. 6th Avenue, Vancouver, BC V5T 1J4 1-800-661-9453 (toll free) plan@wildernesscommittee.org


ften they have concerns about efficient tax planning, but often they want to avoid contentious and/or time-consuming situations that might delay or reduce their precious and much needed gift. Suggesting investments in Segregated Funds, as part of their estate plan, addresses many of these concerns. From an investment perspective, Segregated Funds are professionally managed pools of equity, balanced, and fixed income vehicles. What makes them distinctive is that they are issued by insurance companies, and provide unique benefits. Whether the investment is registered (RRSP, RRIF, TFSA), or non-registered, you can designate one or more beneficiaries (i.e. your favorite charities) so that on your death, your investment is paid directly to your beneficiary, thus bypassing your estate. This means:  Privacy. Wills become a public document  Larger gifts. No probate fees, legal or accounting costs apply F ast distributions. Only your death certificate and the beneficiary’s

direction is needed

N o Wills Variation claims. BC requires that spouses and children be

treated ‘fairly’ regardless of your wishes or reasons for them. A court can override what you have directed in your will.

 No Creditor Claims (unless fraud is suspected)

We’ve been changing lives for over 85 years. Help us keep our community strong in the future too. Consider leaving a legacy gift to United Way of the Lower Mainland in your will. When we work together, amazing things are possible.

You can always change your beneficiary(s) and investments, plus they offer Death Benefit Guarantees to ensure that your original investment is not subject to market risk. They can also provide tax efficient income or lump sums at any time. While clients enjoy these features and include them as part of their estate plans, its important that I work closely with them to ensure that we open these contracts before they reach certain ages, and ensure they designate their beneficiary(s) while still capable of doing so. In meeting one of my older clients and discussing his desire to leave a large gift to a charity like the Alzheimer Society of B.C., he revealed his concern that if he suffered dementia in the future, his son as power of attorney might later change (or contest) his beneficiary designation. We discussed the importance of his opening the Segregated Fund contracts before ‘capacity’ is an issue, as changing a beneficiary, just like writing a will, is not something that a power of attorney is authorized to do.

To learn more, please contact: Michelle Bernard Manager of Philanthropy 604.268.1300 ext. 2442 michelleb@uwlm.ca or visit uwlm.ca/planned-giving Charitable Registration No. BN108160185 RR 0001

more information Heidi U. Pullem is an independent Certified Financial Planner specializing in retirement and estate planning, investments and insurance. She can be reached at 604.808.8334 or pullemwealthmanagement@outlook.com.

leave a legacytm


Giving from the heart Linda Foster Development Officer of Planned Giving, Covenant House Vancouver


hen trying to decide which charity to leave a legacy gift to, start with a few causes that you are most passionate about and ask yourself these questions:

 Which

volunteer experiences did I find the most rewarding?

 Which

causes have I supported that gave me the greatest satisfaction?

W  hat

are my top three values that I feel I can express through charitable giving?

 Are

my family members involved in my charitable giving?

 What

November 2016

Make a Difference in the Lives that Follow

do I want to be known for?

Once you answer these questions, it becomes a little easier to answer the big question “What is the legacy I want to leave?” One great example of someone who has truly left a legacy is Susan Gibson. Susan spent five years volunteering as a gardener and an assistant at Covenant House Vancouver. As a volunteer, she saw first-hand how having a safe place to call home and providing unconditional love and absolute respect to youth can change their lives for the better.


Susan volunteered weekly until she was diagnosed with terminal cancer and fell ill in 2015. Susan knew right away she wanted her legacy to include helping the young people even when she was no longer with us. As part of her legacy and lasting memory, she left a very generous gift to Covenant House, in particular for the garden and the youth program she volunteered for.

Susan Gibson and her grand-daughter, Lau.

Since Susan’s passing on November 5th, 2015, her family has visited Covenant House Vancouver. They heard stories from staff and youth who knew Susan. Her family was given hand-made cards with personal, warmhearted messages and a photo of Susan on her last day of volunteering.

The family was so touched and was able to feel close to Susan again. They were so thankful and appreciative of how Susan’s legacy was honoured and how everyone is so passionate about their work with young people. As part of her lasting legacy, Susan truly gave from her heart. more information If you would like to learn more about how you or a loved one can leave a legacy, please contact Linda Foster at (604) 639-8913 or lfoster@covenanthousebc.org.

Kate Ludlam Donor Relations, Langley Memorial Hospital Foundation

recalls. Even after leaving Langley Memorial in 1979 to care for her ailing mother, the hospital was never far from her thoughts.

After graduating as a registered nurse from VGH, Doris made the move to LMH in 1956. Doris spent several years on and off working in the “Cottage” hospital, but she was always drawn back to Langley. When she came back to Langley Memorial for the third time, she met and married her husband, John, and moved to his family’s farm near the hospital. When asked what pulled her back, Doris struggled to put it in words. “Everyone who worked at the hospital, the medical staff and Miss Marion Ward (the hospital matron) were such wonderful people”, she says. With her experience working in a big city hospital, Doris described the environment of working in Langley as more relaxed. “Everyone worked hard, and was treated well and with respect. It really was a lovely place to work and the camaraderie amongst the staff was something that had to be experienced to be believed’, she


Susan’s grand-daughter, Lau Mehes, shares that “Covenant House and gardening were two of my Gramma’s big loves in life. The opportunity to combine the two allowed her to cultivate a love of nature, beauty, and dedication with the youth at Covenant House. These values she held dear. Working with the youth and making sure the garden was cared for gave her a great sense of purpose, and relationships she valued deeply.”

Giving back through their gift oris Riedweg had a rather romantic introduction to the ‘hospital on the hill’ from a friend who called it ‘the best little hospital in BC’. At the time, she had no idea the impact Langley Memorial would have on her life.


Doris & John Riedweg.

‘The best little hospital in BC’ has been an important part of John’s and Doris’ life for over 60 years. As a demonstration of the love they have for their community and for Langley Memorial, they have included a gift in their will. “The hospital has meant a lot to both of us. I have wonderful memories of working there, and we both have needed the hospital on several occasions. For us, it was a personal decision

but it made sense - we love living in Langley, have deep roots here and felt it was important to give back to the community that given so much to us,” says Doris, “and I know firsthand Everyone how important worked hard, it is to have a and was hospital that treated well is modern and well-equipped to and with care for patients respect. and their families.” – Doris Riedweg Patient care and treatment has advanced tremendously and we can only imagine what’s going to happen in the future. By including the hospital in their will, Doris and John are leaving a legacy of care and compassion that will benefit our community for years to come. more information For more information please contact Kate Ludlam, Langley Memorial Hospital Foundation: kate.ludlam@fraserhealth.ca



leave a legacytm


Make a Difference in the Lives that Follow

Sally Baker

a Woman of Substance


Sally, alongside friends she met decades ago at the Housewives’ Holiday program, regularly attended Aqua Lite classes at the YWCA Health + Fitness Centre, and afterward enjoyed brown bag lunches in the lobby of the YWCA.

woman of substance is a woman of power, a woman of positive influence and a woman of meaning. Sally (Sara) Baker was all of those things. Following her 1946 arrival in the “middle of snowhere, Saskatchewan” from the UK, Sally and her family made subsequent moves to other Canadian provinces before deciding to call Vancouver home. It was here that Sally first got involved with the YWCA, a relationship that would span more than 50 years. In a 2012 interview, she reflected upon those early YWCA days: “Way back in the sixties, the YWCA had these courses called Housewives’ Holiday where you went and took your child. Your child was taken care of while you did exercises and took a course.” The courses to which Sally referred covered topics such as budgeting and household management. Sally recalled that in those days, kindergartens and women’s community programs didn’t exist, so the YWCA filled an important social programming gap. Following her Housewives’ Holiday experience, Sally became an active YWCA

Sadly, Sally passed away. She is missed at Aqua Lite classes and at YWCA events, which Sally frequently attended. But Sally’s impact on the YWCA continues to be felt. As a member of the YWCA Legacy Circle, Sally was thoughtful enough to include a bequest to the YWCA in her will, ensuring that her positive influence lives on. more information Sally Baker, member of the YWCA Legacy Circle.

volunteer, and in the mid-70s, joined the Board of Directors where she served three terms, two of them as Vice-Chair. She was a committed member of the YWCA Friendship Circle, supported many of our capital campaigns and later became a member of our Legacy Circle, a loyal group of donors who include the YWCA in their estate plans.

To learn more about joining the YWCA Legacy Circle, please contact Celia Campos at 604-895-5810, ccampos@ywcavan.org or JoAnne Fahr at 604-895-5829, jfahr@ywcavan.org.

Does disability touch your life?

There are a growing number of Canadians with disabilities – and we’re not ready. The team at the Rick Hansen Foundation is championing and creating programs to create universal accessibility in the buildings and places where we all live, work and play. Let’s build a world that’s accessible for everyone.

To learn more visit: www.rickhansen.com/Get-Involved or call Renee Eaton at 1-800-213-2131 ext 1550.

leave a legacytm


November 2016

Make a Difference in the Lives that Follow



The many ways of giving Mike Beishuizen Westcoast Wills & Estates


lot of people don’t have the resources to make substantial donations to charity during their lifetimes, preferring rather to hold on to their savings for a rainy day. Luckily for these people, there are numerous ways to donate to charity when they die. Best of all, if they do so, they will receive a tax credit for the amount of the donation, which may be used to offset taxes payable at death. Donating through a Will is the most common method, but donations can also be made through a beneficiary designation on certain types of assets. There are many ways to donate to a charity in a Will. Examples include leaving a charity a specified lump sum of money, a gift of real estate or personal property, or a percentage of the remainder of the estate (called the “residue”). The purpose of the gift can be specified, or the charity can be left to decide how to use the gift according to their needs. If a charity is named as a beneficiary of life insurance or a Tax Free Savings Account (“TFSA”), the financial institution gives the proceeds directly to the charity. Since the gift is paid outside of the estate, the amount is not subject to the probate process or the probate fee of roughly 1.4% in BC. For this

, He s ready to take off. Mental illness and addiction , shouldn t hold him back.

reason, this method is advantageous for the charity as well, as they usually easily receive these proceeds quicker than if the gift were made in a Will. Naming a charity as a beneficiary of retirement funds such as RRSPs or RRIFs also bypasses the probate process and the probate fee. However, unless these registered accounts are given to a spouse or to a financially dependent child or grandchild, the entire amount is taxed as ordinary income upon death, often resulting in a large tax bill. For this reason, putting a charity as beneficiary of RRSPs or RRIFs can be risky unless done so as part of a carefully considered estate plan. There are many ways to donate upon death, including through a Will or beneficiary designation. Careful planning will ensure that your gift will have the most effect with the least amount of taxes. more information Mike Beishuizen is a lawyer at Westcoast Wills & Estates, a law firm that focuses exclusively on estate planning law and probate. Westcoast Wills & Estates proudly donates 3% of revenue to charity.

During the last 37 years, Wildlife Rescue has treated over 100,000 injured animals

Early intervention is the key. Go to b4stage4.ca

Your gift can help us provide care and support for more people in over 100 BC communities. From youngest to elders, we help save lives. Every day, we help people to thrive—not just survive. But we need your help to build a future where mental health doesn’t wait until Stage 4.

How will your legacy impact our world?

604.688.3234 www.cmha.bc.ca

To learn more: giving@wildliferescue.ca 604 526 2747 ext. 502 wildliferescue.ca

Help Us Help Them



leave a legacytm


Make a Difference in the Lives that Follow

LEAVE A LEGACY TM – PartnershiP List 2016/2017 Further information on the LEAVE A LEGACYTM program can be obtained by visiting the LEAVE A LEGACYTM Greater Vancouver website at leavealegacyvancouver.com or by emailing info@ leavealegacyvancouver.com. Information on how your organization can become a LEAVE A LEGACYTM Greater Vancouver Partner can be obtained by emailing partnership@leavealegacyvancouver.com. ALS Society of BC Rena Mendoza, donor-relations@alsbc.ca www.alsbc.cat

FS Financial Strategies Inc. Julia Roudakova, julia.roudakova@fsfinancial.ca www.fsfinancial.ca

Alzheimer Society of BC Leona Gonczy, LGonczy@alzheimerbc.org www.alzheimerbc.org

Greater Vancouver Food Bank Society Heidi Magnuson-Ford, HeidiMF@foodbank.bc.ca www.foodbank.bc.ca

Archdiocese of Vancouver Esther Jang, ejang@rcav.org rcav.org

Knowledge Network Corporation Donna Robinson, donnar@knowledge.ca www.knowledge.ca

BC & Alberta Guide Dogs William Thornton, info@bcguidedog.com bcandalbertaguidedogs.com

L’Arche Foundation of Greater Vancouver Sig Stark, sstark@larchevancouver.org www.larchevancouver.org

BC Children’s Hospital Foundation Hilary Beard, hbeard@bcchf.ca www.bcchf.ca

Langley Memorial Hospital Foundation Kate Ludlam, kate.ludlam@fraserhealth.ca www.lmhfoundation.com

BC Women’s Hospital & Health Centre Foundation James Carruthers, jcarruthers@cw.bc.ca www.bcwomensfoundation.org

Maple Ridge/Pitt Meadows Community Services Vicki Kipps, vkipps@comservice.bc.ca www.comservice.bc.ca

Big Brothers of Greater Vancouver Foundation Tracey Barr, tbarr@bbgvf.com www.bigbrothersvancouver.com

McLaren Housing Society of British Columbia Kim Stacey, kim@mclarenhousing.org www.mclarenhousing.com

Big Sisters of BC Lower Mainland Lisa Rosales, lrosales@bigsisters.bc.ca www.bigsisters.bc.ca

NightShift Street Ministries MaryAnne Connor, info@nightshiftministries.org nightshiftministries.org

British Columbia Lung Association Scott McDonald, mcdonald@bc.lung.ca www.bc.lung.ca

Pat McGuire, Rogers Group Financial Pat McGuire, pmcguire@rogersgroup.com www.rogersgroup.com

British Columbia Society for the Prevention of Cruelty to Animals Yolanda Benoit, ybenoit@spca.bc.ca www.spca.bc.ca

PLEA Community Services Society of BC Jenny Graham, jgraham@plea.bc.ca www.plea.ca

Bull, Housser & Tupper LLP Margaret Mason, mhm@bht.com www.bht.com Canuck Place Children`s Hospice Denise Praill, denise.praill@canuckplace.org www.canuckplace.org Covenant House Vancouver Linda Foster, lfoster@covenanthousebc.org www.covenanthousebc.org Clark Wilson LLP Richard Weiland, RWeiland@cwilson.com www.cwilson.com Crisis Intervention & Suicide Prevention Centre of British Columbia Kyle Tiney, ktiney@crisiscentre.bc.ca crisiscentre.bc.ca Crossroads Hospice Society Anna Wilczewski, info@crossroadshospice.org www.crossroadshospicesociety.com Dignity Memorial Victor Lee, Victor.Lee2@Dignitymemorial.com www.dignitymemorial.ca DLA Piper (Canada) LLP Roger Lee, roger.lee@dlapiper.com www.dlapiper.com

Public Guardian and Trustee of British Columbia Bryce Somerville, bsomerville@trustee.bc.ca www.trustee.bc.ca Ridge Meadows Hospital Foundation Laura Cherrille, laura.cherrille@fraserhealth.ca www.rmhfoundation.com Ronald McDonald House BC Richard Pass, rpass@rmhbc.ca www.rmhbc.ca Royal Columbian Hospital Foundation Catherine Cornish, catherine.cornish@fraserhealth.ca rchfoundation.com Scotia Wealth Management Dave Lee, dave.lee@scotiawealth.com www.dave-lee.ca Simon Fraser University Cary Gaymond, cary_gaymond@sfu.ca www.sfu.ca Solus Trust Company Limited Mark Oldham, moldham@solustrust.com www.solustrust.com Sources Community Resources Foundation Tammie Schellekens, tschellekens@sourcesbc.ca sourcesfoundation.ca

Ecojustice Canada Society John Keller, jkeller@ecojustice.ca www.ecojustice.ca

Spina Bifida and Hydrocephalus Association of British Columbia Pauline Dooley, sbhabc@shaw.ca www.sbhabc.org

Family Support Institute of BC Society Angela Clancy, aclancy@fsibc.com www.familysupportbc.com

St. Paul’s Hospital Foundation Karen Brown, KBrown@providencehealth.bc.ca helpstpauls.com

Surrey Hospital & Outpatient Centre Foundation Yolanda Bouwman Yolanda.Bouwman@fraserhealth.ca www.championsforcare.com Surrey Libraries Cyndy Hill, cahill@surrey.ca www.surreylibraries.ca The Kettle Society Nancy Keough, nkeough@thekettle.ca www.thekettle.ca The Kidney Foundation of Canada, BC Branch Pia Schindler, pias@kidney.bc.ca www.kidney.bc.ca The Nature Trust of British Columbia Deb Kennedy, debkennedy@naturetrust.bc.ca www.naturetrust.bc.ca The Salvation Army Vicki Raw, Vicki_Raw@can.SalvationArmy.org www.salvationarmy.ca Trinity Western University Inga Warnock, warnock@twu.ca www.twu.ca Union Gospel Mission Christiane Sim, CSim@ugm.ca www.ugm.ca United Way of the Lower Mainland Michelle Bernard, michelleb@uwlm.ca uwlm.ca Vancity Community Foundation Jacqueline Dagg, jacqueline_dagg@vancity.com www.vancity.com/vcf Vancouver Foundation Calvin Fong, calvin.fong@vancouverfoundation.ca www.vancouverfoundation.ca VGH & UBC Hospital Foundation Charlene Taylor, harlene.taylor@vghfoundation.ca vghfoundation.ca West Vancouver Community Foundation info@westvanfoundation.com www.westvanfoundation.com Westcoast Wills & Estates Mike Beishuizen, mike@westcoastwills.com www.westcoastwills.com Western Canada Wilderness Committee Michelle Johnson, michelle@wildernesscommittee.org wildernesscommittee.org WRA Wildlife Rescue Association of BC Coleen Doucette, coleen@wildliferescue.ca wildliferescue.ca York House School Priscilla Clark. priscilla_clark@yorkhouse.ca www.yorkhouse.ca Zajac Ranch for Children Carmen Zajac, info@zajac.com www.zajacranch.com

Conserving Land in BC for Future Generations since 1971

Donate Today www.naturetrust.bc.ca 604-924-9771 or 1-866-288-7878



leave a legacytm


Make a Difference in the Lives that Follow

Talking with your parents about their will learn more


Michelle Bernard Manager of Philanthropy, United Way of the Lower Mainland

We grant wishes because wishes change lives.

LEAVE A LEGACY OF HOPE A will is an important document designed to fulfil your parent’s final wishes for you and the many other people who were important to them during their lifetime.

Esme, Age 6, Leukemia

I wish to go to Maui!

MAKE-A-WISH® BC & YUKON www.makeawishbc.ca 604.688.7944 bcchapter@makeawish.ca


sking your parents about their will is not about you being nosy: this is about you honouring their decisions and letting them know that you understand and respect their choices.

In my role as a charitable gift planner I often speak with the family members who are surprised to learn that their loved one has named a charity in their will. Often they may have had no idea that their parent supported the charity or in some cases, many charities. When I speak to them about their parent’s giving history and of their volunteer role with the charitable organization, they are genuinely surprised. This is a side of their parent they never knew! On more than one occasion, I’ve come away from these conversations feeling sad that they didn’t get a chance to know the person that I knew. My challenge to all who are reading this article is to have that conversation with your parents today. Ask your parents if they have left a gift in their will to any charities. In addition to learning more about your parents and their interests, you can also suggest reviewing their will with them, and ask them questions about the decisions they have made. Perhaps their will hasn’t been updated for a long time and there may be new grandchildren or great grandchildren to consider. A will is a living document and should be updated every 5 years or whenever there has been a significant life event. Learning more today about your parents’ wishes allows you to have a better understanding of why they have made the decisions they have so when the time does come there are no surprises. P.S. This may also serve as a reminder of the value to you to write or review your own will. more information For more information contact Michelle Bernard, Manager of Philanthropy, United Way of the Lower Mainland at: 604.294.8929 ext. 2442 • michelleb@uwlm.ca • uwlm.ca

leave a legacytm


November 2016

Make a Difference in the Lives that Follow

Leaving a legacy for nature Robin Rivers Communications Manager, The Nature Trust of British Columbia

Most people aren’t comfortable contemplating their death. Others realize it is something that comes to us all. So even though difficult, it is wise to decide what happens to your estate before you are gone. It is all part of prudent planning. For most people fortunate to have family, family is often the first priority. But after taking care of family, who else do you want to benefit from your estate? You can ensure your values live on through the philanthropic work of your favourite charities and I hope you will consider including the environment. Call it, “Leaving a Legacy for Nature”. Nature can use some help. It is often battered and bulldozed, not necessarily deliberately, but by the almost ceaseless pressures of development. This doesn’t have to be the only option. Land and the ecosystems it contains can be conserved. A gift from your estate can help protect important habitat for all species, including humans. There’s a double benefit – a gift to nature through a registered charity can mean saving your beneficiaries on taxes and saving a special piece of natural habitat.



For peace of mind that your bequest to protect nature is itself well protected, you should consider a well-established, well-run charity that specializes in conservation. Al Pelter, a widower in his 89th year, decided his three children will get the bulk of his estate. But as a keen environmentalist, Al wants his interest in the environment backed by a bequest. Al grew up on a small farm near Ladysmith where he became fascinated with soil and nutrients. This led to a degree in Agriculture from UBC and to capping off a 36-year career in agriculture as Director of Livestock for BC. Although not a rich man, Al is comfortable and wants to share some of his estate with groups such as The Nature Trust of BC Al Pelter enjoying his garden. that work to protect fish, wildlife, and the environment. Al appreciates that it is the oldest provincial land trust operating exclusively in BC and the Board is made up of leading business people and top notch scientists. Al is leaving a portion of his estate to the Victoria Foundation with specific instructions that it parcel out an annual gift – forever – to the charities he favours. The Nature Trust of BC is very grateful to be included in Al’s estate plan. more information Please discuss with your family and your legal and/or financial advisor how you can “Leave a Legacy for Nature” through a bequest to The Nature Trust of BC. You are welcome to call The Nature Trust of BC 604-924-9771 or visit www.naturetrust.bc.ca



Estate Estate Planning Planning and and Disposition Disposition For over 100 years Maynards has been providing assistance to executors and estates For over 100 years Maynards has been in the appraisal of fine art, antiques andproviding jewellery. assistance to executors and estates in the appraisal of fine art, antiques and jewellery. In today’s rapidly changing market, our appraisal experts use the latest strategic In today’s rapidly changing market, our appraisal experts useclients. the latest strategic marketing techniques to return maximum sales value to our marketing techniques to return maximum sales value to our clients. We routinely provide evaluations for major financial institutions, law firms and We provide evaluations for major financial institutions, law firms and trustroutinely companies to assist their clients in estate planning and disposition. trust companies to assist their clients in estate planning and disposition.

Service We Can Provide: Service We Can Provide: • Advice on family division • Advice on family division • Evaluations of personal property • Evaluations of personal property • Assist in organizing distribution of personal property • Assist in organizing distribution of personal property • Organizing charitable donations • Organizing charitable donations • Sale to North American and International markets • Sale to North American and International markets

For more information contact our Fine Art and Antiques Department, For more675-2228 information contact Art and Antiques Department, at (604) or via E-mailour at Fine antiques@maynards.com at (604) 675-2228 or via E-mail at antiques@maynards.com Scan with Scan with

to learn more. toconducted learn more. Maynards has over 1000 charitable fundraising events, and is a proud supporter of the following foundations: Maynards has conducted over 1000 charitable fundraising events, and Maynards has conducted over 1000foundations: charitable fundraising events, and is proud supporter of the following is proud supporter of the following foundations: Boys & Girls Clubs of Greater Vancouver




leave a legacytm


Make a Difference in the Lives that Follow

Help keep W families close when it matters most

hen 17-year-old Megan Senn was diagnosed with leukemia in September 2015, she and her mom Karen had only an hour to pack before driving to Vancouver. Their doctor told them to bring clothes for a couple of weeks, but they ended up staying in Vancouver, near the hospital, for almost a year without going home to Salmon Arm even once. For Megan’s family, and thousands more families who live outside the Lower Mainland, a child’s serious illness turns life upside down. Parents feel emotional and financial strains from being away from home and siblings are also thrust into the upheaval. That’s where Ronald McDonald House BC and Yukon comes in. RMH BC provides comfortable and safe accommodation for seriously ill children and their families, just steps away from their hospital appointments. In 2014, our facility grew from a 13-bedroom House to a new 73-bedroom House which can serve up to 2,000 families each year.

For Megan and Karen, staying at RMH BC provided normalcy during their year in Vancouver – a place to cook meals, do laundry, and relax after long days of chemotherapy treatments. Megan also enjoyed volunteer-run programs such as massages and nail painting days.

Formore information, contact:

Staying at RMH BC also helped to keep Megan’s family close when they needed each other most. Megan’s older sisters were able to visit for the holidays, and her younger brother Connor was able to stay with them full-time. Not only did he support his sister, but he was also able to find support from other siblings at the House, all sharing a common experience.

FirozMahmud, Firoz Mahmud, Manager , Manager, i n cl u det h eRedCr o s i include the Red Cross inn yourwi your willl Legacy Giving, LegacyGi ving, and enrich your community Canadian Red Cross (t):(604)-709-6646 for yearsommuni to come.ty andenr i c hyourc Canadi anRedCros (e):firoz.mahmud@redcross.ca (w):www.redcross.ca/legacy (t): (604)-709-6646 foryears to come. (e): firoz.mahmud@redcros .ca (w): www.redcros .ca/legacy For more information, contact:

Ensure inspiring, insightful, commercial-free programming continues for generations to come. Please remember British Columbia’s Knowledge Network in your will or trust. For more information contact:

Donna Robinson Phone 604.431.3136 Toll-Free 1.877.456.6988 Email plannedgiving@knowledge.ca Website knowledge.ca/legacy

Scan with

to learn how to leave a legacy donation & more

about who we are and what we do.


to learn howto leavealegacydonation&more

For more information, contact:

Firoz Mahmud, Manager, include the Red Cross in your will Legacy Giving, and enrich your community Canadian Red Cross (t): (604)-709-6646 for years to come. (e): firoz.mahmud@redcross.ca (w): www.redcross.ca/legacy

aboutwhoweare andwhatwedo. Scan with

to learn how to leave a legacy donation & more

At the new RMH BC, we can make a difference to more families than ever before, and we need community support more than ever in the years to come. Ronald McDonald House BC and Yukon is designed with comfort in mind, and includes spacious guest bedrooms with private washrooms, several indoor and outdoor play spaces, a fitness room, arts and crafts room and four state-of-the-art kitchens. More than just a place to stay, Ronald McDonald House BC and Yukon is a safe place for young patients and their families to heal together. Leaving a legacy gift is a meaningful way to ensure ongoing support for the children and families who depend on RMH BC. We can help you and your financial advisor to find the best option to suit your needs, address any concerns you might have, and even work with you to avoid unintended problems that impact the ability of your donation to provide the help you planned. more information By leaving a legacy for Ronald McDonald House BC and Yukon, you give strength and hope to BC and Yukon families with seriously ill children, and keep them together when it matters most. For more information about legacy giving, please contact us at 604-736-2957 or plannedgiving@rmhbc.ca.

leave a legacytm


Everyone can leave the world a better place. Will you? Vicki Raw Charitable Gift Advisor, Planned & Major Giving The Salvation Army

You don’t have to be rich and famous to make a contribution that will change lives.


November 2016

Make a Difference in the Lives that Follow

he reality is that most charitable bequests are made by ordinary, hardworking, thoughtful people who have a desire to make a positive difference in their community after they’re gone.

Whoever you are, whatever your personal or financial situation, you can do something amazing for the world by remembering your favourite charity in your Will.

Charities improve lives through the work they do, be it through providing social services, supporting arts & culture, alleviating social injustices, or by seeking to eradicate disease. Charitable legacies are not just the foundation for many good causes, they are vital for the sustainability and future growth of these organizations.



Including a charity in your Will is a significant way to bring dignity, meaning, and purpose to a life well-lived. And what better way to thank an organization that has had a direct impact on your life, the life of a family member, close friend, or colleague, than by making a gift through your estate? It doesn’t have to be a complicated process. Most charities have sample language readily available to assist you in easily creating a legacy of compassion that will be remembered well into the future. It’s recommended that you work with your professional advisor (lawyer, financial advisor, accountant, etc.) to best determine the type of gift you should leave, as each has its own tax benefits.

Including a charity in your Will is a significant way to bring dignity, meaning, and purpose to a life well-lived.

After caring for your loved ones, consider leaving a gift in support of a cause that is dear to your heart. Your bequest, no matter the size, could be the necessary seed for change! Here at The Salvation Army, we are extremely grateful to our legacy donors whose generosity enables us to continue providing essential services and compassionate care to individuals facing poverty, addiction, homelessness, abuse and other serious situations. more information Vicki Raw, Charitable Gift Advisor Planned & Major Giving The Salvation Army www.salvationarmy.ca/wills/welcome/

Estate Planning and Disposition For over 100 years Maynards has been providing assistance to executors and estates in the appraisal of fine art, antiques and jewellery. In today’s rapidly changing market, our appraisal experts use the latest strategic marketing techniques to return maximum sales value to our clients. We routinely provide evaluations for major financial institutions, law firms and trust companies to assist their clients in estate planning and disposition.

Service We Can Provide: • Advice on family division • Evaluations of personal property • Assist in organizing distribution of personal property • Organizing charitable donations • Sale to North American and International markets

Plan your giving with this much passion. For more information contact our Fine Art and Antiques Department, at (604) 675-2228 or via E-mail at antiques@maynards.com Scan with

to learn more.

At the Jewish Community Foundation, we understand that there are certain causes—whether it’s your Maynards has conducted over 1000 charitable fundraising events, and alma mater or your favourite performing healthcare, or community organization—that make your is proud supporter of the followingarts, foundations: heart truly sing. We encourage you to give according to your deepest passions. We can help you plan your giving to ensure that the charities you find most uplifting will continue to soar for many years to come. Let’s plan on it. Isn’t it time we had a conversation? Scan with

to donate and learn more.


leave a legacytm


Make a Difference in the Lives that Follow

November 2016



In Honour of a Mother’s Memory Charlene Taylor Associate Director, Gift and Estate Planning VGH & UBC Hospital Foundation

learn more

Lily Kong (Pang Chui Ling) was a beloved daughter, mother and grandmother who centred her life around her family, including three sons and six grandchildren.


he immigrated from Hong Kong to Vancouver in 1967 where she quickly embraced life in Canada. She was recognized amongst her family for her culinary skills in Chinese cuisine and for her love of travelling.

In 1997, Lily was diagnosed with Myasthenia Gravis – an autoimmune disease that causes muscle weakness due to a defect in the transmission of nerve impulses sent to muscles. Lily was under the care of neurologists at Vancouver General Hospital. Sadly, Lily passed away just shy of her 90th birthday. To honour Lily’s memory, her family decided to create a legacy by generously creating an endowment fund to recognize and celebrate their matriarch. “Our family is touched and inspired by the support and care from all the staff at Vancouver General Hospital,” said Eric Kong, one of Lily’s sons. He adds that the it was his mother’s wishes to thank her medical team and to bring awareness and help to those who are impacted by this disease. The endowment fund will help support education, clinical care and research into Myasthenia Gravis with the aim of improving outcomes for patients and their families who live with the disease. Support from donors like the Kong family ensures our hospitals and health care teams are able to treat health conditions by purchasing urgently needed equipment, funding internationally-acclaimed research, and providing education and awareness of medical conditions, treatments and possibly cures well into the future.


Lives are Legacies When you name us in your will, you are changing people’s lives.

They never forget. www.bhfoundation.ca

Inspired by their matriarch, the Kong family created a legacy fund in her memory.

more information By leaving a bequest in your will, making a gift of life insurance or designating the Foundation as a beneficiary of your RRSP, RRIF or TFSA can help our health care teams save lives now and well into the future. To learn more about legacy giving, please visit vghfoundation.ca/legacy.



leave a legacytm


Make a Difference in the Lives that Follow

Making a Difference Dr. Ian Gardiner, Radiologist Ecojustice Canada Society Supporter

Thanks to my parents I had the privilege of visiting many of North America’s parks as a youth. It gave me an appreciation of the importance of nature and a healthy environment; we can’t survive without it.


n their daily lives people can do all the right things like recycling and composting, but that alone isn’t enough. There is a critical need for a more proactive approach, which is why I chose to support Ecojustice’s efforts to protect Canada’s environment.

WITH YOUR SUPPORT, IMAGINE WHERE WE’LL BE TOMORROW. Leave a gift to The Arthritis Society and help children and adults live without the pain of arthritis.


My approach to charitable giving is to thoroughly understand the organizations I choose to support, and consolidate my giving to maximize the contribution I can help make. This includes planned giving, where I can share in the good fortune I have had in life and make a positive impact for the future. I believe many of the problems faced by society can be solved by people stepping up and taking action.

I want to create an impact that is significant and sustainable.

– Dr. Ian Gardiner

Seeking professional advice early on in structuring my estate and getting close to the organizations I want to leave a bequest to, are essential to me in ensuring my wishes are carried out without complications. It is a worthwhile investment relative to the gift, and aligns my intent with the mission of the charity. Getting the details right leaves a focused and targeted legacy that I want for my bequest. more information For more information please contact John Keller, jkeller@ecojustice.ca.

We connect people: to communities


to brands

P: 604.714.5557 ldrayton@arthritis.ca arthritis.ca/bc

to data



Along with organizations working in breast cancer research and education, I decided to make a gift in my estate to Ecojustice because I want to create an impact that is significant and sustainable. The legal approach that Ecojustice takes is tangible and fosters greater understanding of the issues in the minds of government, industry, and academia. We have no choice but to accelerate the pace of change in adapting to the new environmental and climate realities.

learn more at


leave a legacytm


November 2016

Make a Difference in the Lives that Follow

Forgotten Assets Lead Strategist for Legacy Giving FS Financial Strategies julia.roudakova@fsfinancial.ca


advertisers directory  burn  The

fund centre������������������������������������������������������������ page 2

Salvation Army���������������������������������������������������������� page 3

 BC

& Alberta Guide Dogs����������������������������������������������� page 4

 BC

CHILDREN’S HOSPITAL��������������������������������������������������� page 5


Julia Roudakova


 ST

GROUP FINANCIAL����������������������������������������������� page 5

PAUL’S FOUNDATION������������������������������������������������������ page 6


MCDONALD HOUSE CHARITIES����������������������� page 6

UBC HOSPITAL FOUNDATION����������������������������������� page 7


As strange as it may sound, sometimes family members are unaware of assets that have been purchased by a loved one and only come across it by chance. More often, family members may have heard rumors about a life insurance policy or stocks bought in years past but don’t know the details.

CENTRE FOUNDATION��������������������������������������������������������� page 9  WILDERNESS  UNITED  RICK

WAY - LOWER MAINLAND����������������������������������� page 9

HANSEN FOUNDATION������������������������������������������� page 10

 CMHA�������������������������������������������������������������������������������������� page  WILDLIFE


t also happens that individuals, over the course of a life time, may have forgotten that he or she purchased a life insurance policy, having tucked it away in safety deposit box or filing cabinet. Stories of these forgotten assets are real and they happen more than you might think.

So let’s consider how this type of forgotten asset can be used in a way that is tax efficient while creating a memorable charitable legacy.

Forgotten asset are a perfect way for you to start creating your own legacy.

Take the example of an old life insurance policy that has been purchased many decades ago and is discovered after the passing of a loved one or even by an individual cleaning out their old boxes.

Most likely over a lengthy period of time that old policy has actually accumulated a cash value, which might represent a significant percentage of that policy. – Julia Roudakova While not all insurance policies have cash values, many of them, particularly older policies, do have an actual cash value that can be redeemed. But also don’t forget another important value that goes beyond money - this policy may have a real sentimental value because it was purchased by a parent, grandparent or other family member for you.

Now here is the strategy - If you donate that policy to the charity of your choice you will receive a tax credit for the amount of the cash value and the charity of your choice will benefit from a significant legacy gift.

Simple example: An Insurance policy with death benefit of $10,000 and cash surrender value of $4,800.

If you donate this policy, the charitable tax receipt will be issued for the full amount of the cash value ($4,800). You will then be eligible for a tax credit in B.C. of $2,050 and even more if you are qualified as a first-time donor or if you are in a higher income category and qualify for a super credit.

The benefits go even beyond the tax benefit - the charity will receive the $10,000 donation as an insurance gift, the estate is bypassed, so it will not get tied up in any delays or legal contests and probate fees are avoided further you get to maintain confidentiality.

Forgotten asset are a perfect way for you to start creating your own legacy - you have all of the rewards of dedicating a gift to a specific and worthwhile project, while achieving real tax savings. This is just one way as to how planned giving can give rewards on so many different levels.

COMMITTEE�������������������������������������������������� page 9



RESCUE���������������������������������������������������������������� page 11

NATURE TRUST OF BC������������������������������������������������ page 13


A WISH����������������������������������������������������������������������� page 14

 BCSPCA���������������������������������������������������������������������������������� page  MAYNARDS

FINE ART & ANTIQUES�������������������������������� page 15



NETWORK BC��������������������������������������������� page 16

RED CROSS����������������������������������������������������� page 16

community foundation

of greater vancouver������������������������������������������������ page 17  vancouver  The

foundation���������������������������������������������� page 18

Arthritis Society���������������������������������������������������� page 19

 burnaby

hospital foundation�������������������������������� page 20

 archdiocese  canadian  variety

of vancouver�������������������������������������� page 20

cancer society����������������������������������������� page 23

– the children’s charity���������������������������� page 24



leave a legacytm


Make a Difference in the Lives that Follow

Scenario #1:    Actual  Estate  when  value  of  estate   much   larger   the  EEstate   state  wPhen   lan  avnd   gifts   Scenario   #1:  than    Actual   alue   of  #1: eto   state   Scenario charities   a re   f ixed   c ash   l egacies   much   larger  than   Estate   and  gEstate ifts  to   des  pie  charts.    If  the  colour  doesn’t  differentiate   properly,   or  if  tihe   t  can’t   be   Plan   Actual   charities  are  fixed  cash  legacies   now.   when value of   • The  gifts  to  the  charities  are  less   estate much han   could   ave   been   ease  use  the  following  for  byline:   • impactful   The  gifts  tto   the  they   charities   ahre   less   larger than the • the   estate  tphan   ays  m ore  ciould   ncome   tax  baeen   s  there   impactful   they   have   Estate Plan and a  semaller   haritable   ax  credit   • is   the   state  pcays   more  tincome   tax  as  there   to charities • the   to  the   family  is  tgifts rax   educed   is  a  gsift   maller   charitable   credit  slightly   are fixed cashgift   •• depending   n  inflation,   he  charitable   the  gift  to  tohe   family  is  rteduced   slightly   legacies. Kristine Love be  less   than   what   ytou   • could   depending   on   inflation,   he  cintend   haritable  gift  

ptember 22,  2016  

What is the most effective way to leave a gift to charity in your will? Senior Trust Officer Solus Trust Company Limited

Scenario #1  Estate  Value   Scenario ##1 Scenario   1  EEstate state  Value Value  

• Th e gifts to the could be  less  than  what   you   intend  

y to  leave  a  gift  to  charity  in  your  will?  

charities are less impactful than they could have been

GiEs to  ChariGes  

Income Taxes  

GiEs to  Family  

GiEs to  ChariGes   Income  Taxes   GiEs  to  Family   ve  gifts  in  your  will  to  your  favourite  charities.     What  is  the  most  effective    will OK, so you have decided to leave gifts in your to your favourite charities. ave  a  cash  legacy  for  a  specific,  fixed  amount  or  leave  a  share  (percentage)   • The estate pays more income tax as there is a smaller charitable tax credit   you leave a cash legacy for What is the most effective way to do this? Should Scenario   #2:   Actual   Estate   is  smaller   than   the  family is reduced slightly The  following  illustrations*  show  what  happens   to  your   estate   plan   when   • The gift to the a specific, fixed amount or leave a share (percentage) of the residue of your Scenario   #2  beEless state   alue   Estate   Plan   and   gifts  Etstate   o  charities   re  ftixed   ctash   ing   method   (fixed  dollar   amount):  show what happens Scenario   2:   Aestate ctual   han  on he   • Daepending inflation, the charitable gift could thanVwhat you intend estate? The following illustrations* to #your plan is  smaller   legacies   Scenario  #2  Estate  Value   Estate   Plan  amount): and  gifts  to  charities  are  fixed  cash   when you choose the cash legacy giving method (fixed dollar wing  the  will  with   Scenario #2:   legacies   Scenario #2 Estate Value Estate  Plan   E• state   V alue   sh  legacies   Actual is The  amount  in  accordance   with  Estate the     Estate Plan Estate Value %  Estate of  the  ePlan state    at  the Plan  is  ign  ifted   to  csmaller harity   • Estate   The  amount   accordance   with  tthan he   the time of drawing • The   relatively   Plan and Estate   Plan  is  lgarge   ifted  charitable   to  Estate charity  gift   the willbalance   with sonable   in  minimal   income   taxes   ocharities r   gifts togift   • results   The  relatively   large   charitable   charities,   gifts tothe   charities possibly   u nused   t ax   c redits     aretfixed results  in  minimal  income   axes  or  cash and   the  lthe arger   gift   where cash • The   g ift   t o   t he   f amily   i s   d rastically   legacies. possibly  unused  tax  credits     legacies amount reduced   • The  gift  to  the  family  is  • d Thrastically   e amount in to approximately accordance with the reduced   cute  this  proration   25% of the estate. Estate Plan is gifted to GiEs  to  ChariGes   Income  Taxes   GiEs  to  Family    value  of  the   charity Plan results s  The as  rEstate esidual   GiEs  to  ChariGes   Income  Taxes   GiEs  to  Family   *Please  note  that  your  specific  assets   determine   the  amount  of  tax  payable  by  the  estate  and  that  these   in a reasonable balance • Thw e ill   relatively large  legatees.   between the impactful illustrations   are   intended   to  reflect   tcharitable he  wrelationship   between   the  voalue   your  estate   and   the  faixed,   cash   legacy.   gift results note   that   your   pecific   ill  determine   the  amount   f  tax  opf  ayable   by  the   estate   nd  that   these   GiKs  to  ChariMes   *Please   Income  Taxes   GiKs   to  Fsamily     assets   gift to charities, the in minimal income taxes or possibly tax credits illustrations  are  intended  to  reflect   the   relationship   between   the   alue  ounused estate   and  the  fixed,  cash  legacy.   By   choosing  to  leave  a  gift  of  a  s   hare   of  the  residue   of  your   evstate   tf  o  your   charity,   the   gift  will  prorate  with   amount of tax the • The gift to the family is drastically reduced estate pays and the larger gift to the family. the   v alue   o f   y our   e state.     T he   g ift   w ill   b e   a s   i mpactful   a s   y ou   c an   m ake   i t,   w ithout   isadvantaging   By  choosing  to  leave  a  gift  of  a  share  of  the  residue  of  your  estate  to  charity,  the  gdift   will  prorate  ywour   ith   family   g ift.   The most effective way to execute this prorationthe   of the estate, regardless value   of  your   estate.    The  gift   will  be   as  impactful  as  you  can  make  it,  without  disadvantaging  your   more information of the value of the estate, is to name the charities as residual beneficiaries, family  gift.   For more information please contact Kris Love, Klove@solustrust.com.   rather than cash legatees.     amount of tax payable by the estate and that these illustrations are intended to reflect the relationship between the *Please note that your specific assets will determine the value of your estate and the fixed, cash By choosing to leave a gift of a share of the residue of your estate to charity, the gift will prorate with the value of your estate. The gift     will be as impactful as you can make it, without disadvantaging your family gift. legacy.

Generosity begets generosity


Founder President NightShift Street Ministries Society

ightShift Street Ministries has given me the privilege to meet many amazing people. Hans Luking is one of them. Never in my life have I met a more loving and generous man who lived life with overflowing joy and a mischievous twinkle in his eye.

Sadly, he lost his battle with cancer three years ago but not before leaving a huge impact on many lives.

Hans discovered the secret to a happy life. He was grateful and accepted the portion given to him however challenging. He realized that there was always someone else who suffered more than him.

He generously supported third-country efforts, but he also saw tremendous value in supporting the poor in our own back yard. Hans looked to NightShift for a way to give back in his own community. He saw people who were not as fortunate as him, who struggled with life’s challenges and desperately needed love and a hand-up just like all of us do from time to time.

He left behind a family legacy that supports NightShift’s vision in a tangible way and is a shining example of the transfer of wealth between generations. More specifically his ‘heart’ transfers. His family, children and grandchildren have joined our front-line serving teams many times in helping to provide food, clothing and much needed love.

Rev. MaryAnne Connor

Hans was a humble man. He was never comfortable with receiving recognition for his giving. But I believe he would want to inspire other families to make the commitment like his family has to give to the poor for generations to come. The Luking family have discovered that every hour you commit, every hug you give, every cheque you write, every act of service you make – big or small makes a difference – a shift in someone’s life. And it helps NightShift ease some of the burden of carrying out our programs and operations. Hans, with a twinkle in my eye, I doff my hat to you and your big-hearted family! Generosity does beget generosity! more information Please contact MaryAnne Connor at maryanne@nightshiftministries.org.

Change cancer forever. Leave a gift in your Will. A gift in your Will is a gift for the future. By funding research you can make a difference in people’s lives and help to eradicate cancer for our children and grandchildren. Canadian Cancer Society 565 West 10th Avenue Vancouver, BC V5Z 4J4 Rozie Kara 604-675-7346 1-800-663-2524 ext 7346 rkara@bc.cancer.ca

Charitable Registration Number: 11882 9803 RR0001


Profile for Glacier Specialty Publishing

Leave a Legacy 2016  

Your guide to Legacies and Estate Planning...

Leave a Legacy 2016  

Your guide to Legacies and Estate Planning...