Skip to main content

Gifts of Assets

Gifts of Property

Donors who own real estate can donate the residual interest in their property to EFry while retaining the right to live there for the remainder of their life. This allows the donor to continue to enjoy all the benefits of the property during their lives and entitles the donor to an immediate tax benefit based on the actuarial value of the residual interest. Generally, the property must be free from mortgages in order to donate the residual interest.

Gifts of Securities

By donating your publicly traded company shares, stock or other securities listed on a major exchange, either during your life or in your will, you can take advantage of additional tax benefits. You will receive a tax receipt for the current fair market value of the securities.

Download Form Here

RRSPs & RRIFs

You may designate EFry as a beneficiary of your RRSPs and RRIFs. This means that all or a portion of these assets would be directly transferred to EFry upon your death without passing through your estate. This can reduce or eliminate probate fees arising from your estate. The direct designation of EFry as the beneficiary of your RRSP or RRIF will also create a tax credit on your death that can offset taxes owing at that time.

If you are considering leaving a planned gift to EFry we recommend you consult an accountant or financial planner when weighing your options.

When filling in legal documents it is important to ensure that the full legal name “The Elizabeth Fry Society of Greater Vancouver” is the designated beneficiary.

For more information on making a planned gift to EFry, download our brochure.

Download Brochure Here

Trusts and Gift of Residual Interest

A Charitable Remainder Trust is a means for a donor to establish a trust and making an irrevocable gift to EFry. The gift will come into effect upon your death but you will immediately receive a tax receipt for the value of your gift and continue to receive the income earned by the capital during your lifetime.