Bequests and Planned Giving

 

Leaving a bequest or a life insurance policy to the Osprey Community Foundation ensures that your generosity will benefit your community for generations to come. It’s also a fairly painless way to give. For most people, it provides a tax benefit. At your death, your estate is entitled to a donation for the full value of your bequest.

Many of our donors establish a fund during their lifetime in anticipation of a future bequest gift, as it provides peace of mind and flexibility for their estate planning. Such a fund can be established with a gift of $10,000. Your will can then specify that the bequest gift should be added to that existing fund. This gives you the opportunity to discuss with Osprey beforehand the focus of your giving through this fund.

Sample wording for bequests

The charitable bequest in your will can provide a specific dollar amount, a percentage of your estate, or a gift of the residue, which consists of whatever remains in your estate after gifts to your loved ones and all expenses have been paid. We will invest your donation wisely, and grant the annual income disbursements to charities in accordance with your wishes.

The following sample will clauses provide a few options for charitable giving to Osprey Community Foundation through your estate. There are many ways that your legacy can be structured. We encourage you to talk to your lawyer and your family, and contact us to find out more.

  • Legal name:  Osprey Community Foundation
  • Address: Suite B-8, 625 Front Street, Nelson, BC, V1L 6M2

1. GIVE WHERE THE NEED IS GREATEST

At Osprey, we know that there is no crystal ball for the future. Our world is changing rapidly, and the issues of today may not be the pressing concerns of tomorrow. You can trust Osprey to identify emerging needs and make impactful granting decisions.

To give where the need is greatest:

To pay [$____ / ____% / the residue] of my Estate to Osprey Community Foundation, charitable registration # 87492 5928 RR0001, to establish a fund known as the ___________________, the income of which shall be paid for general charitable purposes in conformity with the objectives of the Osprey Community Foundation. 

2. GIVE TO THE FIELD OF INTEREST CLOSEST TO YOUR HEART

You may want to focus your giving, but feel uncertain that the charities of today will be leading the way in the future. In that case, you may wish to choose a field of interest to dedicate your support. Osprey currently has the following Fields of Interest to choose from:

  • Arts, Culture & Heritage
  • Children, Youth and Families
  • Community Food Security
  • Environment
  • Health & Wellness

To give to any one or more of these Fields of Interest, or to another that you first discuss with Osprey (to ensure that we will be able to carry out your wishes as you would wish us to do):

To pay [ $___ / ____% / the residue] of my Estate to Osprey Community Foundation, charitable registration # 87492 5928 RR0001, to establish a fund known as the ___________________, the income of which shall be paid to general charitable purposes, having regard to my interest in ____________________ [insert one or more of the above listed Field of Interest choices]. 

3. GIVE TO AN EXISTING FUND

Many of our donors establish a Fund during their lifetime in anticipation of a future bequest gift, as it provide peace of mind and flexibility for their Estate planning. In addition, Osprey also provides endowment fund services to many local charities such as the Capitol Theatre, the Nelson Library and Touchstones Nelson. You can review a complete list of our funds here.

To make a gift to an existing fund, we recommend that you contact us in advance to confirm the proper fund name:

To give [ $___ / ____% / the residue] of my Estate to Osprey Community Foundation, charitable registration # 87492 5928 RR0001, to be added to the ___________________ Fund [insert exact fund name.]

TALK TO US!

We encourage you to contact us to find out more about how Osprey Community Foundation can support your legacy vision. We can also access the services and advice of the Vancouver Foundation around planned giving options.

Gifts of life insurance are another way to give a significant gift to charity, with tax benefits that you can enjoy during your lifetime. A donor may already have a policy that was established for a purpose that is no longer necessary. If you make Osprey the owner and irrevocable beneficiary of your life insurance policy, you can receive a tax credit for the fair market value of your policy. If you continue to make premium payments on the policy, you will be entitled to receive tax credits for those payments. Contact us if you would like to know more.