Ways to Give
Legacy giving triggers charitable tax credits which, depending on the structure of your gift, can benefit you now or reduce the taxes owed by your estate in the future. Your gift can be structured to minimize or even eliminate the taxable impact on your beneficiaries, allowing more of your money to go to your loved ones.
Learn about simple and beneficial ways to leave a lasting legacy of compassion. Some options available to you include:
- A specific or residual gift in your Will
- A gift of registered funds such as RRSPs, RRIFs or TFSAs
- A gift of life insurance
- A gift of real property
- A charitable gift annuity
When exploring opportunities for your legacy gift, we recommend you speak with your financial advisor or lawyer to determine which option is most suitable for you. Visit our Willpower page for helpful online tools.
For additional information please call 250-339-5533.
Donating securities or other assets to Comox Valley Hospice Society is a giving strategy that suits your needs and maximizes tax advantages.
If you own securities that have appreciated in value, selling them will incur capital gains taxes. But, by gifting your securities, you avoid these taxes and receive a charitable tax receipt for the value of the shares on the date that ownership is transferred to Comox Valley Hospice. The shares will then be liquidated, and the proceeds of the sale used to fund Comox Valley Hospice Society’s programs and services.
This kind of giving can be used for gifts you wish to make now or for legacy gifts by designating specific shares or a percentage of your portfolio to be donated to Comox Valley Hospice Society in your Will.
Your legacy gift to the Comox Valley Hospice Society eases the journey of dying and grieving for residents of the Comox Valley. Roughly 800 people in our community die each year, often with complexities that could be eased with emotional support. This number has been steadily increasing each year, and projections show this is a trend that will continue increasing demand for our services. Our clients come to us through referrals from medical professionals, community agencies, as well as directly from the community. We need your help to provide current services but also to meet the increasing demand and complexity.
Our comprehensive approach to end-of-life care provides relevant programs to support the emotional needs of those who are dying, their caregivers, and those who are bereaved. With your help, we can continue to offer inclusive programs that support families and individuals in these tender times while respecting personal autonomy and choice. We provide this support through a small paid staff of professional counsellors, program and volunteer coordinators, and administration staff. In addition, we have a team of xx trained volunteers who provide both direct and indirect support to clients. Out of necessity, we spend considerable time fundraising, sourcing the money that will allow us to continue the work we do. Supporting us with a legacy gift provides sustainability for our staff and programs, allowing us to focus on the people we want to help in the following ways:
• For those who are dying, CVHS provides direct one-to-one counselling services, as well as volunteer visiting programs at Comox Valley Hospital, *Hospice at the Views, in care facilities, and in private homes. We also provide one-to-one advance care planning with palliative clients upon request, volunteer companionship, self-care programs and vigil support.
• Family caregivers are able to access individual and family counselling, caregiver support groups, volunteer companionship, respite services as well as self-care programs.
• Those who have recently lost a loved one can access one-to-one grief counselling, volunteer companionship through telephone, in person, or online connection, as well as support groups, walking groups, and yoga for grief support groups.
Comox Valley Hospice Society is a community supported self-sustaining organization that models excellence. Access to our support services is provided by donation, so we rely on the generosity of the community. Your legacy gift helps us to meet these high standards of care.
*We look forward to offering our support services in the setting of a new facility built and managed by Golden Life Management (GLM) in 2021/2022. The new Ocean Front Village has 6 designated rooms for hospice patients and will allow an improved integration of the medical hospice care provided to families by the GLM nursing staff, supplemental services from family and palliative physicians and the Island Health nursing coordinators, as well as counselling and support services provided by CVHS. (Read More About Our Current Services and current COVID protocols.)
Estate planning is a very personal process and people choose to gift CVHS in their Will for different reasons. Some have had a life-long passion for hospice care, some have experienced the benefits of hospice care personally, while others use legacy giving as a way to remember a loved one and impart meaning — knowing that their gift will continue to impact the lives of others.
By including CVHS in your estate planning, you can know that you are making a difference in people’s lives. It’s a way for your family to leave a compassionate legacy, ‘paying it forward’ in ways the support emotional, mental, and spiritual wellbeing, and ensuring dignity in all stages of life. Our Board of Directors is committed to ensuring that we do our best to meet the needs of the Comox Valley now, and in years to come.
Our volunteers, staff and the people we serve are like a family that works together to contribute to a healthier community. And, our donors are an essential part of our family. We know that your money is valuable to you and many factors influence your motivation to give. We are honoured to be considered as part of your legacy giving plan.
Your contribution will be receipted according to Canada Revenue Agency guidelines. Charitable Registration Tax No. 11928 0691 RR0001
It takes each of us to make a difference for all of us.