What is “planned giving”?
Simply put, planned giving means arranging now to make a gift to a charity in the future, often through your Will.
It’s called planned because it takes a bit of thought and preparation. You’ll usually want to talk it through with your lawyer, notary or financial advisor. The simplest way to do it is by including a gift in your Will.
Common methods include bequests, securities and life insurance, allowing for larger gifts than typical annual donations. Donating land is another option that can provide significant support while offering tax benefits.
Is it complicated?
Not really. If you have a Will (or are planning to get one), you’re already most of the way there. Adding a charitable gift usually just means a conversation with your advisor, and a few extra sentences in the document.
Why should I consider it?
It’s a way to make a meaningful gift to protect our island’s natural environment—with an amount larger than what feels possible during your lifetime.
There can be tax benefits, too. In Canada, gifts in your Will can reduce the taxes your estate has to pay. So it’s a “win-win” for you and a charity.
Can I change my mind?
Yes, most Will provisions are revocable, allowing you to update your plans as your life circumstances change.
What should I tell my family?
It’s a good idea to talk with your family about your plans. Explain that your charitable gift can help reduce taxes on your estate—meaning more of your money goes to causes you care about, rather than to taxes.
How does it help the charity?
Charities like GaLTT often face ongoing costs—maintaining trails, removing and disposing of invasive plants, and restoring natural habitats. A gift in your Will can make a real difference. For GaLTT, it could help fund specific projects like building a new trail, helping purchase parkland to protect it for future generations, or even invested to provide steady, long-term support.
Final thought
Anyone can make a gift in their Will. The amount doesn’t matter as much as the intention. It’s a way to support a cause you care about and leave a lasting legacy that reflects your values.
It is highly recommended to consult with your professional advisor to structure your gift in a way that to maximizes tax benefits for both your and the charity.
Your gift can make a lasting difference in preserving Gabriola’s natural beauty for future generations. For more information, please contact GaLTT’s treasurer, Rich Ketchen, at treasurer@galtt.ca.
