CRE­ATE A LE­GACY

BC Business Magazine - - Create A Legacy -

As the largest com­mu­nity foun­da­tion in Canada, Van­cou­ver Foun­da­tion as­sists peo­ple in es­tab­lish­ing en­dow­ment funds in or­der to sup­port char­i­ties and causes. Pres­i­dent and CEO Kevin Mc­cort is es­pe­cially proud of his or­ga­ni­za­tion's Le­gacy Fund, a startup per­ma­nent en­dow­ment with flex­i­ble donor ad­vised terms that can be started with a gift as low as $1,000 plus a com­mit­ment that a fu­ture gift of $9,000 or more will fol­low through your es­tate.

Grant­ing be­gins when the fund reaches $10,000, ei­ther through the es­tate gift or ad­di­tional life­time do­na­tions. “It's the eas­i­est way to get in­volved in le­gacy giv­ing, and the beauty of this strat­egy is it only takes a line in your will stat­ing that you want to sup­port your fund at Van­cou­ver Foun­da­tion,” says Mc­cort. “Af­ter that, should you choose over time to change who or what your fund will ben­e­fit, you sim­ply make the ad­just­ment through us.”

In the event donors stip­u­late that Van­cou­ver Foun­da­tion can do with their as­sets as they see fit, the or­ga­ni­za­tion abides by a rig­or­ous pro­ce­dure to en­sure the money is well spent. “Es­sen­tially, we ask dif­fer­ent char­i­ties to iden­tify spe­cific is­sues and de­ter­mine their root causes,” says Mc­cort. “Let's say the is­sue is home­less­ness, and one root cause might be the out­come of fos­ter care: this may al­low us to di­rect as­sets to pro­grams that bet­ter tran­si­tion fos­ter chil­dren into in­de­pen­dent liv­ing.”

Hun­dreds of in­di­vid­u­als and fam­i­lies have en­trusted their lega­cies to Van­cou­ver Foun­da­tion, safe in the knowl­edge their gift will make a real dif­fer­ence for gen­er­a­tions to come.

United Way has been op­er­at­ing in the Lower Main­land for 87 years now. The non-profit or­ga­ni­za­tion works to iden­tify so­cial is­sues, address root causes, and af­fect pos­i­tive, long-term change. “One of the ways we work with the lo­cal agen­cies is by pro­vid­ing core fund­ing,” says Michelle

One of the donors to the Van­cou­ver Fou­da­tion is Derek Wills, who es­tab­lished the Derek and Jan­ice Wills Foun­da­tion fund. Flex­i­ble donor terms can start with a gift as low as $1,000.

Bernard, man­ager of phi­lan­thropy at United Way of the Lower Main­land. “We take an holis­tic ap­proach to serv­ing our com­mu­nity.”

It's a cru­cial strat­egy, given that so many smaller or­ga­ni­za­tions are strug­gling

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