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The goal is to increase the capacity of the Diocesan family to fund ministry programs with income from endowments.
The objectives are: (1) to create effective giving opportunities for Anglican people and families to express their gratitude to God and (2) for Anglican people to be engaged in the well being of our faith community during their lifetime.
Benefits for Donors
Financial vehicles and giving support mechanisms are available that provide you with opportunities to give with gratitude within the Diocese of New Westminster and to the church beyond our borders.
Legacy Funds encourage and enable you and your family or friends to build up the Kingdom through the stewardship of your assets during your lifetime.
This type of fund, known as a Donor Advised Fund, is a rapidly growing market for new philanthropy. These funds respond to increasing donor demand for more involvement in their philanthropy. For many it is an effective alternative to private family foundations.
Expressions of Faith and Hope
There are many advantages to Legacy Funds. They enable an expression of faith and hope by the donor. They can be permanent or lifetime endowments and they encourage a family legacy of philanthropy. They are funded with cash or appreciated assets and tax relief is immediate. They are less costly than a private foundation and professional management is provided by the Diocese at a low cost.
The profile of a potential Legacy Fund donor is someone intent on making a significant gift for whom a private foundation is not an option. They often have a recent inheritance, have just sold a business, or have appreciated securities or real estate, etc. They have often made previous large gifts, volunteer regularly and have an interest in causes. Very often they are amongst the leadership in philanthropy in their family, the church and the community.
Glen Mitchell, CFRE, CC, EPC
Director of Gift Planning
(604) 684-6306 (218)
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