Create a legacy. The Power of Charitable Giving in Your Will.
Throughout our lives, many of us dedicate time and resources to causes we deeply care about. Whether it’s supporting a local charity, arts organization, or community initiative, these contributions help shape the fabric of our communities. But have you considered how you can continue to make a difference, even after you’re gone? By leaving a charitable gift in your Will, you can create a legacy that extends far beyond your lifetime, ensuring that your values and commitments live on.
"More and more individuals are engaging in discussions about how to maximize the impact of their estate," shares Leanne Hammond, Executive Director at the Community Foundation North Okanagan. "We recently worked with a couple who decided to allocate 10% of their estate to local charities, an amount that will translate into substantial support for the community for years to come. It’s amazing to see how even a small percentage can lead to significant change."
One of the most effective ways to create a lasting impact is through a Legacy Fund. These funds allow donors to support specific causes or organizations in perpetuity (forever), with the flexibility to adapt to changing community needs. Whether you choose to support a local food bank, arts center, or environmental initiative, your fund can be tailored to reflect your personal passions.
The Canadian Association of Gift Planners notes that if even 1% more Canadians included a charitable bequest in their Will, billions of dollars could be directed to vital causes. This collective power underscores the importance of every gift, no matter the size.
For those looking to make an immediate impact, some donors opt for a larger, one-time bequest that targets a particular cause over a set period. This approach allows for focused, high-impact philanthropy that can address urgent needs or capitalize on unique opportunities.
"Updating your Will to include a charitable gift is simpler than you might think," says Hammond. "A single sentence can direct funds to a charity of your choice, and it can be adjusted at any time without the hassle of rewriting your Will. We find that many of our donors appreciate the peace of mind that comes with knowing their legacy will be honored and that their charitable intentions will be carried out as they envisioned."
It’s important to remember that you don’t need to be wealthy to leave a meaningful legacy. Every contribution, regardless of size, plays a crucial role in supporting the organizations and causes that matter most to you. By taking a few minutes to include a gift to charity in your Will, you ensure that your impact will be felt for generations to come.
Our Commitment to You
We’ll invest your gift wisely so that it has a lasting impact. Our trusted investment experts are here to help your legacy grow.
We’ll always carry out your wishes. Whether it’s 10 or 100 years from now, we’ll follow the plan you outline for your giving.
We’ll honour you in the way that feels best to you. Share your story and inspire others to make a difference — or stay anonymous. We’ll respect your choice.
Make the most of your giving, and contact Leanne Hammond, today!
Leanne Hammond, Executive Director
T: 250-542-8655 E: leanne@cfno.org W: www.cfno.org
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