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Planned Gifts

Gifts of Residual Interest • Give now, but enjoy your gift for life

Many people don't realize that they can have the satisfaction of making a significant gift to VIU without touching their income or investments. Through a gift of Residual Interest you deed property to VIU but continue to use it for the rest of your life (or the life of your spouse). These gifts usually involve a principal residence or other personal real estate such as a cottage or rental property and are often given by those who plan to leave a bequest to VIU but would like to reduce income tax now, without any changes in their living arrangements. You receive a tax receipt for the appraised value of the property.

 Benefits to You

  • Tax Advantages - you receive a charitable tax receipt, thereby increasing after tax income
  • Fee Reduction - your asset has been removed from your estate, thereby decreasing probate fees upon death 
  • Control - you have made a significant contribution without loss of enjoyment of your asset
  • Recognition - you and your gift can be honored during your lifetime

The staff of the Advancement & Alumni Relations Office will work closely and confidentially with you and your advisors to ensure your planned gift suits your financial and philanthropic needs. Please contact Jason Coates, Advancement & Alumni Relations Office, Major Gifts and Legacies at jason.coates@viu.ca or at 250.740.6258.