Planned Giving
We partner with donors to help build permanent endowment funds, helping to shape the future of our community and make a positive impact for generations to come.
What is Planned Giving?
The Parksville-Qualicum Community Foundation partners with donors to help build permanent endowment funds, with interest and earnings that support community projects and charities – now and into the future. Planned giving involves making a charitable gift as part of your overall financial plan and estate plan, often arranged in advance and realized in the future. This thoughtful approach allows you to contribute assets such as cash, securities, retirement funds, or real estate to the PQCF, creating a lasting legacy while also maximizing potential tax benefits.
Why Planned Giving?
Planned giving offers donors a unique opportunity to help create the future you want for our community. By including a charitable gift in your financial plan or through a bequest in your will, you can:
Create a Lasting Impact
Your gift will support local charities and community initiatives for generations.
Support Causes You Care About
Direct your contribution to areas that matter most to you, ensuring your values continue to make a difference.
Maximize Tax Benefits
Reduce the tax burden on your estate, potentially leaving more for your heirs.
What Can You Donate?
There are various assets you can use to make a planned gift to the PQCF, depending on your financial situation and philanthropic goals:
Bequests in Your Will
One of the simplest and most impactful ways to make a planned gift is by including a bequest in your will. You can leave a specific amount, a percentage of your estate, or the residue of your estate to the Foundation.
Cash
Cash gifts are an easy way to make an impact and allow you to give at any time.
Securities
Donating appreciated stocks and mutual funds can provide significant tax benefits by reducing or eliminating your taxable capital gains on those assets.
Retirement Funds
Designating the PQCF as a beneficiary of your RRSPs, RRIFs, or TFSAs can reduce the payable by your estate, while making a meaningful contribution.
Life Insurance
A gift of a life insurance policy allows you to make a substantial future donation at a relatively low cost today, with premium payments eligible for annual tax credits.
Real Estate
A gift of real estate can vary from personal residences and vacation homes to rental properties, farmland, and commercially developed land.
Planned giving is a powerful way to support the community while creating a legacy that reflects your values.
How to Get Started
- Reflect on Your Values and Goals: Consider the causes and charities that matter most to you and the type of legacy you want to leave.
- Book an Appointment with PQCF: We’ll take time to get to know what’s important to you and talk through the options to consider in achieving your charitable goals.
- Consult with Your Trusted Advisors: Speak with your accountant, lawyer, or financial advisor to explore your options and find the most tax-efficient way to plan your gift.
- Formalize Your Gift: Work with your advisors to update your financial plan and estate plan, ensuring your wishes are clearly outlined.