Planned Giving

Leave a lasting legacy

Planned gifts represent the enduring legacy of generosity, weaving a tapestry of support that sustains future generations of students at the University of the Fraser Valley (UFV).

Nik and Marnie Venema with their dog and their two young children.
Nik (BBA ’12) and Marnie (BA ’15) Venema

“UFV changed our lives and we want to help current students undergo the same transformation. We are determined to stay local in the Fraser Valley and give back here.”

Bequests

Benefits of leaving a gift through a will:

  • Impact the future of those living in the Fraser Valley
  • Make a gift without spending your current assets
  • Create estate tax credits to benefit the other heirs of your estate
  • Receive a charitable tax receipt for your estate

Types of gifts:

  • Gift of Residue: Donate a percentage of the residue (total assets less taxes, debts & cash bequests) of your estate
  • Specific Bequest: Set aside a certain dollar amount or a specific piece of property such as an investment account or a gift-in-kind from your estate

As part of making your will, or revising an existing will, you will likely meet with a lawyer or a notary public. The statements below provide sample language which may be helpful to you and your lawyer as you make or revise your will.

“I give to the University of the Fraser Valley the sum of $______ or ______% of the residue of my estate to be used for ________________________.”

“I give to the University of the Fraser Valley the sum of $______ or ______% of the residue of my estate to be applied at the discretion of the Director of Relationship and Fund Development for the area of greatest impact.”

Life Insurance

You can name UFV as the beneficiary of a life insurance policy and receive a tax receipt for the proceeds received by the University. You may already own a life insurance policy which you could designate, or you might wish to purchase a new policy.

Transfer ownership of a paid-up policy

You can make UFV the beneficiary of an existing paid-up policy. You will receive a donation receipt for the fair market value of the policy at the time of donation and the University may either redeem the policy or hold it and receive the face value in the future.

Transfer ownership of a policy in which premiums are still owing

You can transfer ownership of a policy to UFV even if premiums are still owing. You will receive a donation receipt for the policy’s fair market value at the time of donation. If you continue to pay the premiums after transferring ownership of the policy, you will receive donation receipts for those contributions as well.

Annuities and trusts

Benefits of setting up an annuity or trust:

  • Flexibility to receive benefits immediately and/or in the future
  • Shelter assets from capital gains tax
  • Acquire income back from the gift
  • Avoid probate and other estate costs
  • Receive a charitable tax receipt that can be used to reduce your taxes

Types of annuities and trusts:

  • Charitable Gift Annuity
  • Pooled Income Fund
  • Charitable Remainder Annuity Trust
  • Remainder Unitrust
  • Remainder Annuity Trust
  • Lead Trust
  • Retained Life Estate

Speak to your financial advisor for further details on these planned giving opportunities.

Legal name for UFV

To leave a bequest, designate UFV as a life insurance policy beneficiary, or establish a trust, it is important to include our legal name.

Our Legal Name: University of the Fraser Valley
Our Charitable Registration Number: 107403701RR0001

Please contact the Relationship and Fund Development office by email at giving@ufv.ca or by phone at 604-854-4595 if you have questions about establishing a planned gift.

Ways to Give