Leaving a Legacy
Here are a few ways you can leave a lasting gift to Children of the Street, which is a program of PLEA Community Services.
Leave a Gift in Your Will
After your family is taken care of, a gift in your will is a wonderful way to help children and youth living in your community while providing tax savings for your estate. When you decide to write your will, we recommend meeting with a legal professional to help ensure your wishes are clear and easy for your executor to carry out. To leave a gift in your will to Children of the Street, you will need the following information:
Legal Name: PLEA Community Services Society of BC
Address: 3894 Commercial Street, Vancouver, BC V5N 4G2
Charitable registration number: 10781 0467 RR0001
Sample Language for Your Will or Trust
“I give to PLEA Community Services Society of British Columbia, specifically to Legacy fund for Children of the Street, 3894 Commercial Street, Vancouver, British Columbia, V5N 4G2, Charitable Registration #: 10781 0467 RR0001, the [sum amount or percentage of the estate or description of property] to be used for the benefit of PLEA Community Services Society of British Columbia.”
*If you are interested in supporting a specific project or program, it is best to discuss your plans with our team before completing your bequest language to confirm your wishes can be met by PLEA’s Children of the Street program.
Gifts of Securities
Many people have securities with appreciated value. Selling them can subject you to significant capital gains. After talking to your financial planner, consider donating publicly traded stocks to PLEA Community Services to support the ongoing delivery of Children of the Street’s vital programs.
A donation of publicly traded stocks that have appreciated in value will eliminate the capital gains tax and will provide you with a charitable tax credit. The combined tax savings can be significant.
You can download a Security Transfer Form here.
Gift of Life Insurance
There are three ways to do this:
- Purchase a new policy in PLEA Community Services name. You’ll receive a charitable tax receipt for the cash value of the policy and for any premiums you pay.
- Name PLEA Community Services as the beneficiary of an existing policy. This is a good option if you and your family no longer need the policy. Upon your passing, PLEA receives the proceeds of the policy and your estate receives the tax benefits.
- Transfer ownership of an existing policy and receive a charitable tax receipt for the value of the policy. If you still owe premiums, you can also receive tax receipts for premiums paid.
Gift by Beneficiary Designation
By naming PLEA Community Services Society of British Columbia (to benefit the Children of the Street program) as a beneficiary of your retirement savings plan (RRSP), registered retirement income funds
(RRIF), Tax-free Savings Account (TFSA),mutual funds, or other financial account, you may be able to
reduce taxes on your estate, possibly leaving more for your loved ones.
Simply request a change of beneficiary form from the company holding your assets.