What is a legacy gift?

A gift to a charity or non-profit organization specified in an individual’s Will or as a beneficiary (either primary or contingent) on an account. The gift can include cash, securities, or property, or a percentage of a person’s estate.

Why choose legacy giving?

Endless Impact: Your legacy gift ensures that biking and transportation in Vancouver and beyond becomes accessible, inclusive and affordable, creating better and greener communities across the city.

Financial Benefits: Legacy gifts may offer tax advantages, allowing you to provide crucial support to our mission while maximizing your benefits.

Join Our Legacy Society: Become a part of an exclusive community of compassionate individuals dedicated to securing a brighter and greener future.

How do I leave a gift in my Will to Our Community Bikes?

When you choose to leave a gift in your Will to PEDAL/Our Community Bikes you have the option to give either a specific amount of money or a percentage of your estate. We will only receive your gift after you have passed.

A gift in your Will can take many forms and consists of cash savings, real property and/or appreciated investments that have increased in value since purchase (e.g., stocks, bonds, mutual funds). 

Are there tax benefits for a gift in Will?

Your estate will receive a tax receipt for the full value of your gift. The resulting tax credits will reduce the taxes you owe on your final tax return while helping increase the remaining value of your estate for your beneficiaries. 

Everyone’s financial situation is different. When considering a gift in your Will you should speak with a tax professional and financial advisor to help you achieve your objectives.

Why should I leave a gift in my Will?

Your gift will have a lasting impact for generations to come. It will help create a sustainable and reliable source of support for transformative changes in biking and greener transportation.

Can I change my mind about my gift in Will?

Absolutely. We understand that situations change. When you include a charitable gift in your Will, you have the right to change it at any time. 

What information do I give to my lawyer/notary?

Please use the following information to create your legacy gift to PEDAL/Our Community Bikes:

Legal name: Pedal Foundation

Mailing address: 2429 Main Street, Vancouver, British Columbia, V5T 3E1

Charitable registration #: 856425384RR0001

Sample wording: “To pay the sum of $ _______  OR to pay and transfer _______ % of the residue of my estate to the Pedal Foundation– Charitable Registration # 856425384RR0001.”

What are the different bequest options? 

Here are the main types of gifts in Will and suggested language you can provide to your lawyer/notary:

Residual bequest/legacy: You wish to leave a portion or share of your estate to Pedal Foundation after all debts and specific bequests to loved ones are paid. 

• For example "I give to the Pedal Foundation all (or stated percentage) of the rest, residue and remainder of my estate."

Specific bequest/legacy: You wish to leave a gift for a specific amount to the Pedal Foundation. 

•  For example: Gift of a specific dollar amount: "I give to the Pedal Foundation the sum of (state the dollar amount)."

Gift of a particular asset: "I give to the Pedal Foundation (describe the property/asset)."

Contingent bequest/legacy: You wish to leave all or part of your estate to the Pedal Foundation  only if other beneficiaries in your Will pass away before you. 

• For example: "If (indicate beneficiary name)  does not survive me, then I give all the rest, residue, and remainder of my estate to the Pedal Foundation."

Want to set up a legacy gift or find out more information?

Begin your legacy today by making a commitment that will change lives for generations. Reach out to us to discover more or share with us your intentions so we can plan accordingly and be sure of your interests in how the funds are used.

Contact us at: foundation@pedalpower.org