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Wills and Bequests

The most common type of deferred planned gift is the charitable bequest.

It can be as simple as a sentence or two in your will, or a codicil appended to your present will.

Your bequest may specify a certain sum of money: "I give to SOS Children's Village BC the sum of $__________ to be used for its general purposes." If you prefer, you may give a particular asset ("my shares of XYZ stock") or a portion of the residue of your estate after other bequests have been paid ("50% of the rest, residue and remainder of my estate").

In consultation with SOS Children's Village BC, you may designate a particular purpose for which your bequest is to be used, and you may indicate whether your bequest is to be available for immediate use or held as endowment.

Your estate will be entitled to a donation receipt for the full value of the bequest, which may reduce significantly the tax payable with your final income tax return.

Please note: SOS Children's Village BC encourages you to seek professional legal, estate planning and financial advice before deciding on a course of action. For more information, please contact Cary Gaymond at 604-599-0887.

 

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   Canadian Charitable Registration BN # 12993-5011 RR0001