Legacy Giving

Leave your mark - contributing to better biking is a response to many of the pressing needs of our region, creating healthier families and more livable neighbourhoods. You can contribute publicly listed securities to HUB Cycling. You can also make a deferred contribution with a charitable bequest, a life insurance policy, or a retirement fund.

You receive an official donation receipt for the full fair market value of your contribution. Gifts of qualifying securities are also usually eligible for a capital gains tax exemption. You enjoy a simple way to support a cause you care about, while saving tax fees and reducing paperwork with a direct contribution of securities.

Leave a Legacy

In most instances, these options allow you to make a larger gift than you thought possible:

  • Bequest in a Will
  • Life Insurance
  • RSP & RIF

Bequest

A bequest in your Will can include a gift of cash, the residual of your estate, publicly traded shares, or a gift of property.  Including a charitable gift to the HUB Cycling in your will is a great way to leave a legacy for generations to come.
 
For your consideration, sample wording for your will could include: 

"I direct my executor to pay $____ to HUB Cycling, of 312 Main Street, Vancouver, British Columbia V6A 2T2, charitable registration number 874010119 RR0001, it being my hope that it will be applied by HUB Cycling to support the work needed to resolve many of the pressing active transportation needs of our region and creating more livable neighbourhoods."
 
To make sure your gift is fulfilled, we also encourage you to speak with a legal advisor when creating or modifying your will.

Including real estate or publicly traded securities as a charitable gift to the HUB Cycling in your will is also a great way to leave a legacy.

For your consideration, sample wording for your will could include:

"I wish to make a gift to HUB Cycling, of 312 Main Street, Vancouver, British Columbia V6A 2T2, charitable registration number 874010119 RR0001, as follows:
(i) select from publicly traded securities that I own, if any, at the date of my death, securities (the “Gift Shares”) that collectively have a total fair market value as of the date of my death of not more than $____ (the “Donation Amount”) and transfer the Gift Shares to HUB Cycling;
(ii) if the value of the Gift Shares is less than the Donation Amount, pay HUB Cycling an amount equal to the difference between the Donation Amount and the value of the Gift Shares; and
(iii) it is my hope that the Donation Amount will be applied by the HUB Cycling to support the work needed to resolve many of the pressing needs of our region, creating healthier families and more livable neighbourhoods."

 

Trust

A living trust or charitable trust are flexible and private options for allocating assets to HUB Cycling during your lifetime.

Life Insurance

A gift of life insurance allows you the opportunity to give a larger gift while having modest premium payments over a period of time.

RSP & RIF

RSPs allow you to defer taxes until withdrawn. Upon death, the entire remaining value of the RSP or RIF is considered income and is fully taxed. Naming HUB Cycling, of 312 Main Street, Vancouver, British Columbia V6A 2T2, charitable registration number 874010119 RR0001, as the beneficiary of your RSP or RIF, the tax credit offsets the tax owing on the distribution of the fund.

Please contact HUB Cycling to find out how to leave a legacy with HUB Cycling.