leave a lasting legacy
Music for life: Let music be your memory
When you make a bequest to the Saint James Music Academy, you are helping to ensure that the Saint James Music Academy is able to transform lives through high quality music education to children in the Downtown Eastside for years to come.
Learn more here on ways you can leave a legacy and provide a gift in your will to the Saint James Music Academy.
Leaving a gift in your will
A gift in your will or bequest is the simplest way to leave a legacy to the Saint James Music Academy. To make a gift in your will to the Saint James Music Academy, your lawyer or notary simply prepares a new will or adds a codicil to an existing will. A gift in your will to the Saint James Music Academy can be made for a specific amount, for a percentage of your estate, or for all or a portion of what is left after you have made gifts to your family.
Benefits of leaving a Gift in Your Will
- A gift in your will costs nothing now yet gives you the satisfaction of knowing you have provided for the Saint James Music Academy in the future.
- A gift in your will will not take away from what you plan to leave for your loved ones.
- Your estate receives a donation receipt for the value of your estate gift, which can substantially reduce or even eliminate taxes on your estate.
- You can choose to make changes to your will at any time.
- You retain control of and use of your assets during your lifetime.
Leaving a gift with life insurance
Gifting a new life insurance policy or an existing one you no longer need is a cost-effective way to donate a large sum to the Saint James Music Academy.
Donating a life insurance policy is not subject to taxes, probate costs or estate debts, and you can make a substantial contribution to the Music School through relatively small monthly or yearly payments.
How you Can Donate Life Insurance
1
Take out a new policy in the name of the Saint James Music Academy. You will receive a charitable tax receipt for any premiums you pay.
2
Name the Saint James Music Academy as the beneficiary of an existing policy. This is a good option if you already have a policy that your family no longer needs for financial stability. At the time of your passing, the charity will receive the policy proceeds and your estate will receive the tax benefits.
3
Transfer ownership of an existing policy to the Saint James Music Academy and receive a charitable tax receipt for the cash value of the policy. If you owe annual premiums on the policy, you will still pay them, but you will also receive tax receipts in the amount of your payments.
Benefits of Making a Gift of Life Insurance
- Periodic premium payments are an affordable way to make a significant gift.
- An insurance policy is not part of your estate and is not subject to probate fees.
Give to the Saint James Music Academy Endowment
An endowment generates annual support for the Saint James Music Academy in perpetuity. Your endowed gift is invested and the annual interest from your donation is distributed to the programs you designate.
Did you know that the Saint James Music Academy already has an endowment fund that is held at the Vancouver Foundation? You can donate today and help our fund to grow. Alternatively, you can leave a gift to the Saint James Music Academy Endowment in your will when you make a bequest.
Give the Music of Life
When you leave a bequest to the Saint James Music Academy, you are helping to ensure that high quality, classical music education continues to remain accessible to children in the Downtown Eastside.
When you leave a gift in your will, please be sure to inform us of your intentions so that we can be sure to send you your special Music for Life pin and add you to the Music for Life email list where you will receive invitations to all of our events and invitations to rehearsals.
Please fill out the letter of intent form and return it to us by either mail or email.
Leaving a gift in your will
A gift in your will or bequest is the simplest way to leave a legacy to the Saint James Music Academy. To make a gift in your will to the Saint James Music Academy, your lawyer or notary simply prepares a new will or adds a codicil to an existing will. A gift in your will to the Saint James Music Academy can be made for a specific amount, for a percentage of your estate, or for all or a portion of what is left after you have made gifts to your family.
Benefits of leaving a Gift in Your Will
- A gift in your will costs nothing now yet gives you the satisfaction of knowing you have provided for the Saint James Music Academy in the future.
- A gift in your will will not take away from what you plan to leave for your loved ones.
- Your estate receives a donation receipt for the value of your estate gift, which can substantially reduce or even eliminate taxes on your estate.
- You can choose to make changes to your will at any time.
- You retain control of and use of your assets during your lifetime.
Leaving a gift with life insurance
Gifting a new life insurance policy or an existing one you no longer need is a cost-effective way to donate a large sum to the Saint James Music Academy.
Donating a life insurance policy is not subject to taxes, probate costs or estate debts, and you can make a substantial contribution to the Music School through relatively small monthly or yearly payments.
How you Can Donate Life Insurance
1
Take out a new policy in the name of the Saint James Music Academy. You will receive a charitable tax receipt for any premiums you pay.
2
Name the Saint James Music Academy as the beneficiary of an existing policy. This is a good option if you already have a policy that your family no longer needs for financial stability. At the time of your passing, the charity will receive the policy proceeds and your estate will receive the tax benefits.
3
Transfer ownership of an existing policy to the Saint James Music Academy and receive a charitable tax receipt for the cash value of the policy. If you owe annual premiums on the policy, you will still pay them, but you will also receive tax receipts in the amount of your payments.
Benefits of Making a Gift of Life Insurance
- Periodic premium payments are an affordable way to make a significant gift.
- An insurance policy is not part of your estate and is not subject to probate fees.
Give to the Saint James Music Academy Endowment
An endowment generates annual support for the Saint James Music Academy in perpetuity. Your endowed gift is invested and the annual interest from your donation is distributed to the programs you designate.
Did you know that the Saint James Music Academy already has an endowment fund that is held at the Vancouver Foundation? You can donate today and help our fund to grow. Alternatively, you can leave a gift to the Saint James Music Academy Endowment in your will when you make a bequest.
Give the Music of Life
When you leave a bequest to the Saint James Music Academy, you are helping to ensure that high quality, classical music education continues to remain accessible to children in the Downtown Eastside.
When you leave a gift in your will, please be sure to inform us of your intentions so that we can be sure to send you your special Music for Life pin and add you to the Music for Life email list where you will receive invitations to all of our events and invitations to rehearsals.
Please fill out the letter of intent form and return it to us by either mail or email.
Other ways to give
A monthly gift is an easy way to make a gift that helps to provide a regular source of income to the Saint James Music Academy.
A gift in your will is the most common way to leave a bequest to the Saint James Music Academy.
