From generation to generation, we pass along heirlooms – objects which have been in our family for years. Each one is an expression of what was valued by those who enjoyed the piece of art, silver, jewelry or memento of a special occasion. We share our wisdom from grandparent to parent to child and then to the next generation.
In our estate planning, we also leave a financial legacy. Family always comes first. Legacy giving aligns the value of your assets – what you have and need during your lifetime and what you will leave in your estate – with the values that are important to you – supporting the causes and concerns in the community that reflect what is important to you and your family. This support may be during your lifetime, or it may be in your estate. You do not need to be wealthy to leave a legacy. Everyone can make a contribution that is meaningful to them.
Helen talked to her lawyer about her estate plan – she wanted to make sure her heirlooms and an inheritance were passed on to her children. She also wanted to leave a legacy to the community where she grew up, married, raised her family, and volunteered. She had some charities in mind, but also wanted to support future needs and opportunities in the community.
Working with her lawyer to prepare a new Will, staff at the Victoria Foundation helped Helen create a permanent fund in her name. After her lifetime, her favourite charities will receive an annual grant to support the programs and services she cares about. Helen also provided a portion of the annual allocation for the Victoria Foundation to respond to critical issues in the community as they arise. Like the Foundation’s discretionary Vital Victoria Fund, Helen’s fund will also support the Foundation’s community granting program.
Flexible and responsive, Helen’s future legacy will help countless members of the Greater Victoria community – forever.