Leave A Legacy In Your Will
SOS Children’s Village BC is non-political, non-denominational, and part of one of the world’s largest and most respected charitable organizations dedicated to helping children. Leaving a gift to SOS BC in your estate plan will change the lives of foster children right here in British Columbia for generations to come. It’s one of the most valuable gifts you will ever make.
A planned gift to SOS Children’s Village BC may be ‘outright’, which means for our immediate use, or ‘deferred’, which means it is arrange now for completion at a future time. You can tailor your gift to meet your personal and financial circumstances, while maximizing tax and other financial benefits. Some planned gifts are designed to combine support for SOS BC with life income to the donor. Each type of planned gift offers particular benefits to the donor, and each supports the mission of SOS Children’s Village BC.
FROM OUR NEWSLETTER
By Michelle Bernard, Director of Development
Leaving a gift in your will to SOS Children’s Village BC can provide essential funding for our programs to continue, especially during a year like the last one.
When the pandemic hit a year ago, I had just started at SOS BC as the Director of Development. Not knowing any of our donors, having to work remotely, and having to shut down the Thrift Stores (one of our revenue streams), I was incredibly nervous about how we were going to raise any money to continue the vital programs we offer families, children, and youth. It was a stressful time.
About a month later, we received a gift from a very committed donor. She had left us a gift in her will; it was a quite a significant amount for us. I have to say that I was able to breathe a small sigh of relief.
This is not unique to SOS BC. This has been the case in several organizations I have worked for over the past 20 years. When fundraising goals were down for the year, it was usually – if not always – an estate gift that saved the day. Yet, I am not sure donors understand the implications this type of life-altering gift can be to an organization like ours.
It was this estate gift that really helped us sustain all of our programs during the past year. We are immensely grateful for the donor’s forethought to provide us with such an incredible gift.
Only 5% of Canadians leave a gift in their will to charities. What many people may not know is that there is a tax benefit attached to this. You don’t have to choose between leaving a gift to your family or to charity, you can do both. Often times it’s in fact beneficial to do so. It’s important for you to have these discussions with your professional advisers (legal counsel, accountants, financial advisers) to see what works best for you.
I truly believe that everyone should have a legacy gift for charity in their wills. As someone who has worked in the charitable sector for 20 years, I have seen firsthand how these types of gifts have made a difference. If not for the work the charitable sector provides – and this has been particularly true during the pandemic – many voices would go unheard and we wouldn’t be meeting the needs of our families, children, and youth in our communities.
A small difference made in a will could mean all the difference for children in care, and for an organization like SOS BC to be able to continue to serve regardless of a pandemic or any other crises that may befall us.
SOS Children’s Village BC encourages you to seek professional legal, estate planning and financial advice before deciding on a course of action.
A simple provision in your will to leave assets to SOS Children’s Village BC. Please ensure to use our full legal name and address. Suggested wording: “I give to SOS Children’s Village British Columbia (Canada) Society, #302 – 14225 57th Avenue, Surrey, BC Canada V3X 0H6, Federal Charitable Business Number 12993-5011-RR0001, $_______” .