Leaving a gift to the Royal BC Museum in your will allows you to extend your values beyond your lifetime and make a lasting impact, and it helps us to plan for the future. Every gift can help us build and care for the collection, support special exhibitions and deliver innovative learning, research and conservation programs.
Why Leave a Legacy?
Gifts in wills offer an important means for one generation to leave a legacy for the next. Take Tommy Mayne, for example. He is a retired teacher who has included the Royal BC Museum in his will.
Mr. Mayne has supported the Royal BC Museum for many years, and remembers when the museum was located in the East wing of the Legislature. He smiles as he recalls, “That was when there was a live rattlesnake by the entrance. I would stop in to see the exhibitions after school, and that’s when I developed the love of natural and human history that I have carried with me my entire life.”
“The current vision for the museum takes it all to a new level. It encompasses the entire province, and there is a global standard to everything that is fantastic. The Museum and Archives are invaluable – I wish I could let everyone know how vital it is to support them. It just makes me feel happy to give to something that, in turn, gives back to everyone in perpetuity. That’s why I’ve remembered the Royal BC Museum in my will.”
Gifts in Wills
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.
Your bequest should specifically name the Royal BC Museum Foundation, registered charitable number 118933241RR0001. Be sure to consult professional legal advice and download our suggested bequest guidelines here.
Gifts of 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. Please consult your financial advisor.
Gifts in Memory
When you have lost a loved one, giving a gift in their memory or setting up a tribute fund can be a wonderful way to honour them and celebrate their life.
Donate in Memory
Donations of $500 or more made to the Royal BC Museum Foundation can be made “in memory of” a loved one and be recognized that way on the donor wall in our lobby and on the donor listing in our annual report. These gifts can help the memory of a friend or relative live on by funding the ongoing work of the Royal BC Museum.
A Royal BC Museum tribute fund is a lasting way to remember someone special. Family and friends can contribute to the fund as they wish. The Royal BC Museum Foundation manages the fund, which is then used to support the important work of the Royal BC Museum as an ongoing memorial to your loved one.
Charitable Remainder Trusts
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