Gifts & Estate Planning
Through gift and estate planning, you can make a meaningful difference to students and programs at BCIT and leave a legacy that reflects your belief in education.
BCIT Foundation works with donors, families and professional advisors to carefully select the best way to make a gift to BCIT. Whether cash, real estate, stocks, bonds, life insurance, trusts, or bequests, planned gifts may be donated now or arranged for the future.
By designating BCIT a beneficiary in your will, you can create a lasting legacy for the future without diminishing your assets today. Your estate will be issued a donation receipt for the value of your gift, at the time of receipt.
Gifts of life insurance are made by transferring ownership and beneficiary status of an existing or new policy to the BCIT Foundation. You will receive a tax receipt equal to the cash-surrender value and premiums paid after the date of transfer.
Charitable remainder trusts
A Charitable Remainder Trust involves a donor establishing a trust and making an irrevocable gift of the remainder interest to BCIT. The gift will come into effect upon your passing, 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.
RRSPs & RRIFs
A simple way to plan a deferred gift is to designate BCIT Foundation as the direct beneficiary on an RRSP or RRIF form. Your estate will receive a tax receipt for the balance received, effectively eliminating the income tax otherwise owed.