Charitable Will Bequests
Making a Charitable Will Bequest to the Art Gallery of Greater Victoria is a wonderful way to leave a gift that will bring art to life for generations to come.
Will Bequests provide the opportunity to make a significant charitable gift, which may not always be possible during one’s lifetime.
What are the Advantages of making a Bequest?
Reduced Taxes – A charitable gift is an effective method to reduce taxes. A tax receipt will be issued for the full value of your bequest. This receipt can then be used to reduce the tax payable on your final tax return.
Flexible and Revocable – A charitable bequest can be made for any amount. It is revocable at any time should your financial situation change.
Private – Your will is not filed or made public until death.
Does Not Affect Current Income – A bequest will not affect your assets or your cash flow while you are alive.
Making a Bequest to the Art Gallery of Greater Victoria
A will bequest can be as simple as a sentence or two naming the Art Gallery of Greater Victoria in your will. For sample language that you may choose to use in your will click here.
For more information on including The Art Gallery of Greater Victoria in your Will, please talk to your financial, tax, or legal advisor.