LEGACY of GIVING

Big Brothers Big Sisters gives you the opportunity to help children in your community who are in need, during your lifetime and beyond.

Your gift will go to support the agency and its mentoring programs, allowing Big Brothers Big Sisters to continue meeting the needs of the community by offering local children and teens a brighter future.

Thoughtfully planning your charitable giving goes beyond commitment, it helps you find the best way to give while maximizing your tax benefits and making the most effective use of your resources.

Explore the possibilities and find the way of giving that is best for your needs.

Examples of Legacy Gifts;

Outright Gifts

Gifts of cash are the simplest and most common form of donation. A receipt is issued for the full amount, creating a tax savings in the gift year.

Gifts of Securities

Listed securities are immediate gifts and include stocks, bonds, bills, mutual funds, warrants and futures (traded on approved stock exchanges). There are tax advantages to gifting the securities directly as opposed to liquidating and donating the proceeds.

Charitable Bequests

A bequest is a specific dollar amount or percentage of an estate left to a charity in a donor’s will. This is the easiest and most popular form of deferred gift. There are special tax advantages to leaving a bequest, which could significantly reduce the tax payable on the final tax return.

Life Insurance

This deferred gift suits donors who are interested in offering a larger gift than circumstances would normally allow. Ways to give include: transfer ownership of a paid or existing policy, or purchase a new policy naming Big Brothers Big Sisters the owner and beneficiary. Depending on the type of policy, you could receive a donation receipt for the cash value and for each premium paid in the future.

Charitable Remainder Trust

This deferred gift provides income either for life or for a specific amount of time.  Property, cash or securities are irrevocably transferred to a trustee, and at the end of that time whatever remains in the trust becomes your gift to Big Brothers Big Sisters. You receive an immediate donation receipt for the actuarially calculated value of the remainder interest.

For more information about Planned Giving please contact the Executive Director at 250-765-2661 or 1-800-404-4483.