You may give all or part of your Registered Retirement Savings Plan or Registered Retirement Income Fund to charity upon death. This may be done by direct designation outside your estate or through the estate via a will. A tax receipt is issued.
A gift of life insurance, either new or existing, can provide a significant and affordable lifetime contribution to the work of The Nature Trust of BC (as owner and beneficiary). As the donor you receive a charitable tax receipt for the cash surrender value (if any) and further receipts on payment of subsequent premiums to be paid. This means your future gift may save you dollars today. Proceeds of a life insurance gift are immediately payable in cash upon death.
A charitable gift annuity is an arrangement where a donor pays a lump sum to a charity in return for a fixed annual payment—the annuity. As the donor, you will earn a charitable donation tax credit if the amount of the lump sum gift is greater than the market price of the annuity. A portion of the fixed annual payments may be taxable.
Charitable Remainder Trusts
A Charitable Remainder Trust is a planned gift where assets are transferred into an irrevocable trust and you appoint a trustee to manage the assets.Under the terms of the trust, The Nature Trust would receive the remaining assets. You receive an immediate tax credit with a donation receipt issued on the set up of the trust. The donation receipt represents the present value of The Nature Trust’s interest in the trust to be received at a future time.
Residual Interest Gift
A residual interest gift is an arrangement where you irrevocably give real estate or personal property to a charity while retaining the right to use the property for life, or for a specified number of years.