Leave a Legacy
There are many ways to leave a legacy with the Vancouver Holocaust Education Centre including through endowment funds and planned giving.
Endowment funds are critical to the Centre’s efforts to ensure that Holocaust memory remains relevant today.
Named endowment funds recognize committed donors who contribute $18,000 or more to the VHEC to be held and invested by the organization in order to provide funding to the VHEC in perpetuity. These funds can be named to honour family members and loved ones.
Those who create endowment funds inspire others through their generosity and play a key role in supporting the VHEC to educate about the important, enduring and relevant lessons of the Shoah.
The minimum amount to secure an endowment fund: $18,000, that can be paid over five years.
For more information, please call Rome Fox at 604-264-0499 or email firstname.lastname@example.org.
Recognizing our Committed Donors
The VHEC is grateful to to our committed donors and their endowment funds.
What is planned giving?
Planned giving is a way to support a charity, such as the Vancouver Holocaust Education Centre, now or in the future. A planned legacy gift is any planned major gift that is part of a donor’s overall financial and/or estate planning.
What type of assets do people usually bequest to the charity?
People often donate cash or other assets such as life insurance. Other common types of planned giving include annuities, real estate, public company shares and charitable remainder trusts. It is possible to tailor these types of gifts to the needs of the charity and the personal financial and income tax situation of the donor.
What about income tax?
Donations will usually result in income tax savings to the donor or exemption from estate tax. Income tax rules can be complicated and one should always seek professional advice.
What do my friends mean when they say that they have set up an endowment fund?
You can make a donation to a charity to create an endowment fund. The actual money is invested, and the charity only uses the annual income from the investment, not the capital. Therefore, the original donation and resulting investment is preserved intact. Endowment funds can be named or unnamed. A named fund is a wonderful way to honour or memorialize loved ones.
How do I go about making such a gift to the Vancouver Holocaust Centre Society?
Many donors have the support of a qualified life insurance consultant that should be well versed in the area of planned giving. A consultant can anchor the process and draw in the expertise of the family accountant and lawyer, as required, depending on the complexity of the plan.
For more information, please call the VHEC at 604-264-0499 or email email@example.com.