By leaving a gift in your will to Jackson School of the Arts you can make a significant and lasting benefit for the children of tomorrow. A planned gift is an easy and effective way to reduce or even eliminate your final income taxes while maintaining financial security during your life.
As everyone’s situation is unique, Jackson School of the Arts encourages individuals to consult with their financial and legal advisors to gain independent advice that works for their personal financial situation.
Gifts of securities is an effective way to donate to Jackson School of the Arts. As a rule, Jackson School of the Arts accepts gifts of publicly traded securities and on a case by case basis, will consider gifts of privately held shares. Gifting securities provides you with a tax advantage to eliminate capital gains tax on the gift of appreciated securities.
As per CRA ruling, in order to activate tax free appreciation of securities, your donation of shares must be transferred through your broker to Jackson School of the Arts’s broker. It is the policy of Jackson School of the Arts not to hold gifts of securities but to sell the gift of shares within 24 business hours. It is also important to note that tax savings on your gains cannot be activated if you sell your shares and then use the funds to make a donation by cheque or other form of payment to Jackson School of the Arts.
For ease of transfer, please provide your broker with our Gift of Securities form to facilitate the documentation of the transaction.
Download our Securities Donation Form
For further information regarding a gift of securities to Jackson School of the Arts, please contact us.
For many, the simplest way to make a significant future gift to Jackson School of the Arts is through their estate. A gift in your will allows Jackson School of the Arts to benefit from your legacy and to continue delivering high-quality arts education programs to young people across Metro Vancouver, and beyond. Please consider leaving a percentage or a specific amount through your estate as your legacy commitment to Jackson School of the Arts.
With a gift in your will, it is important to ensure your gift will be directed as you wish, and using the wording below will be helpful in providing a clear understanding of your intent.
If you already have a current (less than 5 years) will in place and there have been no significant changes in your life, then it may not be necessary to rewrite your will. It may be as simple as having your lawyer add an additional clause (known as a codicil) to your will.
Using the sample language below may greatly assist your lawyer in drafting the codicil or will on your behalf.