Bequests and Giving

When it comes to helping VAM meet the challenges of tomorrow by crafting a legacy today, there are many giving options to choose from.  By electing to make a planned gift – a gift that is integrated into your personal financial or estate planning – you ensure that VAM, with its 46-year history, can continue to carry out its mission of excellence in musical education and be a resource for the community well into the future.  Whether you want to support our mission today or design a plan that benefits VAM in your estate plans, you can feel confident knowing that you are helping VAM to be a strong music educational asset for our students and a vital resource for our community.

To discuss planned giving to the Vancouver Academy of Music, please contact Joseph Elworthy, Executive Director ([email protected]).

Full Legal Name: Vancouver Academy of Music
Charity Registration Number: 10816 6240 RR0001

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Planned Giving Options

Including the Vancouver Academy of Music in your estate planning is a wonderful way to ensure that the transformative power of an inspired music education continues to benefit future generations.There are several options:

    1. Making provision in your Will

Your gift may take the form of a dollar amount, a percentage of your estate, a piece of property, securities, or the remainder of your estate after paying expenses and taking care of loved ones. A lawyer or notary can help you to prepare a new will to include the Vancouver Academy of Music, or to add a codicil to your existing will.

    1. Naming the Vancouver Academy of Music as a beneficiary of a Life Insurance Policy or RRSP

You can name the Vancouver Academy of Music as a beneficiary of your Life Insurance Policy or Retirement Savings Plan. The money can then be passed on to the Vancouver Academy of Music without probate fees and your estate will be issued a charitable receipt, which can be used to offset your final tax return.

    1. Creating a “Charitable Remainder” Trust

This is an arrangement in which a major gift is made to the Vancouver Academy of Music, and while we retain the capital, the donor continues to receive income from the capital for the rest of his or her life. This removes the asset from your estate, reducing taxes but ensuring a steady income either in the form of a fixed annual amount or a fixed percentage of the trust”s value, determined annually.

    1. Creating or contributing to an Endowment Fund

An endowment consists of a major sum of invested capital, the interest from which provides long-term support to the Vancouver Academy of Music while the original capital is preserved in perpetuity. You have the option of setting up your own endowed fund, contributing to the Vancouver Academy of Music Foundation, or contributing to the Vancouver Academy of Music’s existing endowment fund which resides at the Vancouver Foundation.\r\n\r\n \r\n\r\nRetaining the services of qualified tax, legal and financial advisors is a vital part of the process in helping you with your estate planning. To discuss planned giving to the Vancouver Academy of Music, please contact Joseph Elworthy, Executive Director ([email protected]).

Full Legal Name: Vancouver Academy of Music
Charity Registration Number: 10816 6240 RR0001

Please note that this document is for information purposes only and is not intended as legal advice.

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