Leaving Gifts Now and in the Future
Director of Marketing & Development
The Nature of Trust BC
I have had the privilege of getting to know some amazing people who share a passion for nature and wish to leave a lasting legacy to The Nature Trust of BC.
One such person was Fritz Durst, who was born in Switzerland and immigrated to Canada as a young man. Despite a steady loss of vision, Fritz attended the University of British Columbia. He had the help of a lady who used to read to him and she told him about The Nature Trust of BC. Fritz graduated with a Bachelor of Arts and went on to a successful career as a radiology technician. By middle age he was totally blind but continued to hike in the local mountains with friends, listening to the birds and enjoying nature.
Through the years, Fritz supported The Nature Trust of BC. We would meet to celebrate his birthday and catch up on our land conservation work in British Columbia. Fritz had advisors who provided estate planning. He worked with them to name The Nature Trust of British Columbia as his beneficiary in his will and he also donated a major gift during his lifetime.
Writing a will is one of the most important things you can do. A will outlines who will manage your estate after you die and how you would like your assets disbursed to family, friends and charities. A will is important because it allows your legacy to live on and reflect your personal values and interests. Yet only 55% of Canadians have a will. Without a will, the law in British Columbia says how your estate will be divided.
A gift in your will combined with a major gift can offer both personal and financial benefits. With the help of an advisor, you can make a tax-effective giving plan so that your gift costs you less, which benefits your estate or provides a greater gift to a charity. From a non-tax point of view, making a gift during your lifetime in addition to a bequest may be attractive because you get to see your money being used and the charity of your choice gets to benefit immediately.
When planning your estate, please ensure you consult a professional advisor and discuss any charitable wishes you may have. Like Fritz, you too can have a lasting impact on a cause that’s meaningful to you.