Everyone has unique financial considerations and different reasons for giving. As an individual there are many ways you can support the Royal BC Museum.
Gifts of Cash
Many of our donors give gifts of cash. For many it is as easy as writing a cheque or using a credit card to make their annual or monthly gift.
There are three easy ways for you to make your gift:
- Make a gift online through CanadaHelps.org. By making a gift online, you will receive an electronic receipt immediately from CanadaHelps.org and this is an easy, fast and secure way to give today! CanadaHelps.org also offers a monthly giving option.
- You can contact the Foundation office via telephone at: 250-356-7936 and make a gift by credit card. You can make a single gift or set up a monthly gift. Monthly giving is a convenient and affordable way for you to give and enables us to keep our administrative costs low.
Gifts of securities are an easy way to give and protect BC’s history while receiving significant tax benefits.
Recent changes to the Income Tax Act have eliminated the income tax on capital gains generated from the sale of publicly listed securities, if those securities are donated to a registered charity prior to sale. In addition, donors will receive a charitable tax receipt for the full market value of the securities, which can be used to further reduce income tax payable. Donating securities directly to the Foundation provides donors with a greater tax advantage than selling the securities and donating the cash directly.
Please
click here to learn more and to download the
Gift of Publicly Listed Securities Form to make your gift.
Planned Gifts
A planned gift ensures your family is taken care of and allows you to support the work of the Royal BC Museum beyond your lifetime. The decision about your gift can be made now, but the transfer of the gift usually happens in the future.
A charitable bequest through your estate is a way of providing a gift in the future, while reducing your taxable estate. You can leave the Royal BC Museum Foundation a specific dollar amount, a specific asset, or portion of the residue of your estate.
If you have assets that you would consider gifting to the Royal BC Museum Foundation in your will but would like to receive the income for life and the tax benefits today, a charitable trust arrangement may be the answer.
A charitable remainder trust is an irrevocable trust that pays income to one or more individual beneficiaries for life or a term of years. The principal of the trust reverts to the Royal BC Museum Foundation upon the trust’s termination.
Life Insurance
If you have an older life insurance policy you no longer need or if you want to make a large gift but you would prefer not to make a cash gift, consider making the Royal BC Museum Foundation the owner of your life insurance policy. You will receive a charitable tax receipt for the cash value of the policy and any premiums paid. In addition, you will have the added comfort of knowing the Royal BC Museum Foundation will benefit from your significant future gift. The Foundation can also be named the beneficiary of a life insurance policy.
Making a Planned Gift
We strongly recommend donors seek professional advice from their legal and financial advisors when considering making a planned gift. Your lawyer will craft the Will clause language to meet your needs, and your financial advisor will be able to advise you as to the most tax effective way to make this gift.
When you are considering making a gift to the Royal BC Museum Foundation, we would be more than happy to meet with you and recommend next steps. If you have a tax or legal advisor we would be pleased to talk to them with you.
Make a gift in honour of a friend or family member
For a family member or loved one whose life has been impacted by the Royal BC Museum, a gift in their honour or in tribute, or in lieu of a gift at Christmas or their birthday, is a perfect way to show you care. We would be happy to send a card to the honouree alerting them of the gift made in their name, and giving them something special from the museum.
Make gift through the Provincial Employee Community Services Fund
All Provincial Employees can make a gift through payroll deduction or direct a one time gift through the
Provincial Employee Community Services Fund campaign. The Royal BC Museum Foundation is on the list of Donor Choice charities. The code is: DC0718 - Friends of the Royal BC Museum.
We are accountable to you!
The Royal BC Museum Foundation is a registered charity (Charitable registration # 11893 3241 RR0001). Charitable Receipts will be issued for tax purposes.
Contact Information
For information on ways to give to the Friends of the Royal BC Museum Foundation, please contact:
Marilyn Wile, Philanthropy Manager