Will you Leave A Legacy of Love? In gratitude for God's many blessings during your lifetime, you are encouraged to create a legacy of love - a gift that will continue to support God's Mission and Ministry in the world. In the Diocese, gifts are welcomed to support its programs and projects, the Anglican Initiatives Fund, the Children & Youth Program, Hospital Chaplaincy, the Columbia Coast Mission or Topic.
In your parish, as examples, your gift could support an endowment fund, building fund, ministry programs, outreach projects, youth ministry, the music program or Christian education programs. Gifts are also welcome in support of General Synod, PWRDF, Anglican Appeal, Anglican Journal or the Anglican Foundation. We will work with you to ensure that your gift supports the ministry project(s) of greatest importance to you.
When you make a planned gift, it refers to gifts made from assets accumulated during one’s lifetime rather than writing a cheque from current income. Usually these gifts are bequests in a will and are part of an overall estate plan but many people are discovering the joy and the advantages of giving now using available gift planning approaches.
Legacy Gifts are typically made by:
A Will & Bequest
The last will and testament provides for family and other loved ones. You can leave a gift to the church through a bequest in your will. For more information ask for our helpful Wills & Bequest Brochure.
Gift Plus Annuity
The Gift Plus Annuity allows a donor to make a charitable donation, increase income for life, lower income taxes, and avoid future investment concerns through a lifetime annuity. In exchange for your gift, the Diocese of New Westminster buys you a lifetime annuity from a licensed insurance company. The amount of your annuity payment depends on your age and the size of your contribution, but the rate will usually be quite a bit higher than what you now get from your investments, and it is fully guaranteed. It will continue as long as you live, no matter what happens to the economy or to interest rates. For more information, ask for our helpful Annuities, Trusts, Securities Brochure.
When you donate appreciated securities to the Church, you get a tax receipt for the full market value of the gift and pay NO tax on the gain derived from gifting the securities. It is the most tax-effective way to make a donation. For more information, ask for our new Annuities, Trusts, Securities Brochure.
Charitable Remainder Trust
Unlike a future bequest in your will, for which you get no tax benefit now, a charitable remainder trust provides you with a large donation receipt in the year you make your gift and you’ll also continue to receive the trust income for life. On your death, the trust asset goes to the church. You can use cash, securities or real estate to fund a trust gift to the Church. For more information, ask for our helpful Annuities, Trusts, Securities Brochure.
Gifts of life insurance truly make an impact on ministry, often for a very small payment. Donors who want to really make a difference to the lives of people in their faith community choose the gift of life insurance to create that impact because they are able to give significantly larger gifts than they might otherwise be able to make. You can write new insurance or use paid up policies that are an idle asset to create a win/win situation for your financial and estate tax planning and for the Anglican Church. Your gift of life insurance could support the national church, the Diocese of New Westminster, your parish or related groups.
Retirement Plan Gifts: RRSPs or RRIFs
Your RRSP or RRIF surplus can be a gift to the church—tax free. Ordinarily the surplus, at death, is taxed as income —often at the highest marginal tax rate. By designating your parish or the diocese as beneficiary, you will be creating a significant gift and eliminating the tax payable on death. Probate fees and will challenges are also avoided by choosing this option. Contact the finance office for assistance with retirement plan gifts.
Chief Financial Officer
Tel: (604) 684-6306 Local (214); Fax: (604) 684-7017