The Our Next Century campaign is an extraordinary time in Vancouver College's history. Every gift, regardless of size, will help us achieve our goal and make a significant difference to our students and educational program. Thank you.

Support Our Next Century

Gifts that Give Back

With some gift arrangements, you'll be able to realize income and charitable tax credits now while leaving a legacy gift to Canada's university for the future. The information provided below refers to charitable gifts made in Canada by Canadian residents.

CHARITABLE REMAINDER TRUSTS (CRT)

A charitable remainder trust enables you to do three things: leave a planned gift, realize some tax benefits from that gift, and play a role in determining how that gift will be utilized.

By entering into a charitable remainder trust, you can make a significant deferred gift to VC. The actual gift - or capital - has been legally promised to VC upon your passing, but you will receive the income earned by the capital during your lifetime. You will also immediately receive a tax receipt for the value of your gift, which can be applied toward current and future income.

CHARITABLE GIFT ANNUITY

With a charitable gift annuity, a portion of your contribution is used to purchase an annuity for you while the remainder goes directly to VC as a gift. Benefits of a Charitable Gift Annuity include:

  • Receiving guaranteed, regular payments for the rest of your life that are largely tax-free
  • Reducing your taxes and increasing your after-tax income now using a donation receipt from VC for the value of your gift
  • Receiving the satisfaction of seeing your gift to VC put to work immediately in an area of your choosing.

CHARITABLE INSURED ANNUITY

With your purchase of a charitable insured annuity, a portion of your annuity income will be used to fund an insurance policy for which VC is the named owner and beneficiary. Benefits of a Charitable Insured Annuity include:

  • Receiving guaranteed, regular payments for the rest of your life that are largely tax-free
  • Providing for a significant future gift to VC
  • Knowing that the premiums paid on the insurance policy are tax creditable to you and will boost your after-tax income now and in the future as long as premiums are being paid. Charitable Remainder Trusts and Gifts of Residual Interest

This gift is invested to give you an ongoing income, with the capital going to VC upon death. Residual interest gifts allow you to donate the asset today (residence, art, investment property) and enjoy the use of it the rest of your life with the gift going to Vancouver College upon death.

RESIDUAL INTERESTS

By making a gift of residual interest, property is deeded to Vancouver College. For example, it is possible to donate property (a favourite painting) or real estate (your house or cottage) today while retaining the right to use and enjoy them during your lifetime. In return, Vancouver College issues you a tax-creditable receipt reflecting the present value of the residual interest. These types of gifts are usually given by people who plan to give the property to the school through a gift in their will, but want to reduce their income tax now while retaining the right to use and enjoy the property.

For more information, please email Ronith Cogswell, Director of Advancement, or call 604-261-4285 (269)

Disclaimer: The information provided above is general in nature and is not intended to constitute legal advise. Since each individual's financial circumstances are unique, consultation with a qualified professional advisor is recommended.

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