“In delay, there lies no plenty”

William Shakespeare

The Parksville-Qualicum Foundation is dedicated to enriching and strengthening our communities. Like successful community foundations across Canada, the PQF is building permanent endowment funds, the interest and earnings from which will benefit charitable organizations for many years to come.

To be successful and to grow, the PQF needs community support, through planned giving. Moving through life, lifestyles and financial circumstances change and so do the ways that donors might choose to support their favorite charities.

In the early years, when many people have limited means, spontaneous cash donations are the thing, as well as giving of time and energy by participating in special events and activities.

By their 30’s, many look for more convenient ways to give and choose monthly giving with automatic deductions donated to their favorite organizations.

In their 40’s and 50’s, people often have high levels of personal debt and have high needs for annual tax savings. For this group, charitable giving using a life insurance policy is a great way to make a significant future gift with modest current premium contributions, that also generate a tax credit each year.

In later careers, many people own stocks, mutual funds and stock options. If these have increased in value, funding a gift by donating these assets lets the donor take advantage of special capital gains tax and enjoy some tax savings.

In the retirement years, many people begin to think about charitable gifts in their will, called bequests. These gifts can be a specific amount a percentage, or the residue of an estate.

Some donors consider designating charities as beneficiaries of the proceeds from RRSPs or RRIFs, to reduce the amount of tax that would otherwise be payable by the estate at the time of death.

There are many strategies to support planned giving. See your financial advisor!