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Planned Giving

When you include United Way of Lower Mainland in your legacy plan, you are making a lasting change in the lives of future generations.

A gift through planned giving is a wonderful way to leave behind a legacy of caring that helps not only children and seniors but supports the families and communities that surround them now and in the future.

Legal name: United Way of the Lower Mainland
Charitable Registration Number (CRN): BN108160185 RR 0001
Address: 4543 Canada Way, Burnaby, BC V5G 4T4

If you have any questions or would like to discuss a gifting option, please contact Michelle Bernard at michelleb@uwlm.ca, 604.294.8929 ext. 2442 or Celia Campos at celiac@uwlm.ca, 604.294.8929, ext. 2208.

We are happy to work with you, your family and your advisors on a confidential basis to ensure all your objectives are met based on your personal priorities.

To learn more about the giving options, please click on the menus below.

Wills and bequests

A bequest through a will is simple and straightforward. By including United Way of the Lower Mainland in your will, you can create a lasting legacy to perpetuate your tradition of annual gifts to support your community. Gifts of a specific cash amount or asset or a percentage of the remaining estate are popular bequest choices. Your estate receives a donation receipt for the value of your gift, providing a tax credit to reduce tax otherwise payable on your final tax return.

Please click here to view sample will clauses to be used for discussion purposes with your lawyer or notary in preparation of your will.

Unless otherwise directed by the donors, United Way of the Lower Mainland places all gifts received by bequests where it is needed the most.

Gifts of life insurance

Life insurance, whether fully paid or with premiums still owing, is a popular and easy way to make a significant future gift at an affordable current cost. Naming United Way of the Lower Mainland as the owner and beneficiary of an existing or new policy entitles you to a current donation receipt on the cash surrender value (if any), and further receipts on payment of subsequent premiums.

An alternative is to simply name United Way of the Lower Mainland as beneficiary, and your estate will receive tax benefits.

Gifts of real estate and personal property

You can donate properties such as personal residences, vacation homes, jewelry or shares in privately held corporations to United Way of the Lower Mainland.

These could be an outright gift or a gift of residual interest. Both types of gift have unique tax advantages. As an example you may decide to transfer your residence to United Way of the Lower Mainland now but continue to use it during your lifetime.

Gifts of RRSPs, RRIFs, TFSAs and retirement plans

You can transform tax liabilities into a charitable gift by simply naming United Way of the Lower Mainland as the beneficiary of your RRSP, RRIF, TFSA or pension plan. This arrangement also means that no probate fees are payable on these assets.

Charitable remainder trusts

You can make a significant future gift by transferring assets into an irrevocable trust. Under the terms of the trust you can continue to enjoy the income for your lifetime or a specific duration. United Way of the Lower Mainland would receive the remaining assets upon your passing.

You will also receive an immediate tax credit as a result of a donation receipt issued on set-up of the trust. The donation receipt represents the present value of the remainder trust to be received by United Way at a future time.

Donor advised funds

Donor advised (preventative services) funds are individual “named” funds established to facilitate gifts to be held for a longer term to ensure increased, permanent funding is available for preventative programs and services.

Through an agreement with United Way, you make a substantial, irrevocable gift – usually cash or securities – to establish a capital base that is then invested with United Way of the Lower Mainland’s investment manager. You receive a donation receipt for this initial gift.

Distributions from the fund are then made on an annual basis based on United Way’s established policies and our agreement with you. The United Way programs that these distributions fund can be set out in the original agreement, through annual consultations or can be unspecified and used for general United Way purposes.

A donor advised fund can allow continued donor input into the distribution of their gift, including distribution of all or a portion of the capital base at a future date.

FAQs

How do I leave a gift to United Way of the Lower Mainland?
It is easy and flexible with several giving options. The most common type of planned giving is a charitable gift through a bequest in a will. Gifts of a specific cash amount or asset or a percentage of the remaining estate are popular bequest choices.

You can leave a paid up life insurance policy, securities, a retirement account or other financial investments. Some donors also give through property including real estate, jewelry or art.

What name should you include in your will to make a bequest to United Way of the Lower Mainland?
The legal name you should include in your will to make a bequest is United Way of the Lower Mainland.

What is United Way of the Lower Mainland’s Charitable Business Number?
108160185 RR 0001

Must I have an estate in order to leave a planned gift?
Everyone can leave a gift in an amount that they deem appropriate. “Estate” is simply a word used to describe everything that you own at the time of your passing. Every gift to United Way of the Lower Mainland helps strengthen our community and those at risk in the Lower Mainland.

Do I have to include my wish to leave a gift to United Way of the Lower Mainland in my will?
A charitable bequest will not take effect unless you state your intention in your will. A well-prepared, up-to-date will is one of the best ways you can make your wishes known so that your legacy is exactly what you want it to be.

Is making a will expensive and time consuming?
Making a will doesn’t have to be complicated or expensive. It usually takes less time than most people think and can usually be completed in one or two short meetings. While sometimes there are reasons to make a more complicated Will, contact a notary or solicitor and ask for their estimations.

Do I tell United Way of the Lower Mainland that I’ve left a gift and the specifics?
No, you don’t have to disclose any details about your bequest. However, it would help us greatly in planning for the future programs and in recognizing your generosity. If you choose to inform us of your plans, it is not binding in any way.

Can I leave a legacy to fund a specific program?
Community needs change from time to time. For United Way of the Lower Mainland to have the flexibility to focus on the greatest need of the community, we encourage you to leave an undesignated gift. However, you can always direct your caring gift to a specific area or project or to United Way of the Lower Mainland’s highest priority needs. We would be delighted to provide you with appropriate bequest wording to help ensure your gift is used as you wished and directed to the fund or area you have chosen to support.

Can United Way of the Lower Mainland help me arrange for a gift?
While we will do everything we can to assist you in creating a legacy gift for United Way of the Lower Mainland, we cannot offer legal advice or financial planning. A professional advisor, like a financial or estate planner, lawyer, accountant, trust officer or insurance agent, will be able to assist you in leaving a gift.

Is my gift tax deductible?
Yes, gifts are eligible for tax credits or tax deductions. However, the tax benefits will depend on several factors: the type of gift, the timing, outright or deferred or has any income payments. We encourage you to talk to professional advisors. They can advise you and help to ensure you realize the philanthropic goal while enjoy the maximum tax and legal benefits.

If I create a bequest, will United Way of the Lower Mainland to ask me for annual contributions?
We will because the commitments address two different needs. Through your annual gift, United Way of the Lower Mainland is able to help vulnerable children, youths and seniors in immediate need. Last year, we invested and provided 450 programs in 26 communities to strengthen the community and create change.

However, to allow United Way of the Lower Mainland the ability to meet the challenges and opportunities in future, your planned gift is significant. It will allow us to help the most vulnerable members of our communities for the generations to come.