Anne McLaughlin

As a retired widow with three children, many people ask Anne McLaughlin why she would choose to donate to the Victoria Foundation rather than save her money for her family.

For Anne, there are several reasons. As a longtime donor to a broad range of many charities and cultural organizations, she liked the idea of giving to the Victoria Foundation where her fund would be held in perpetuity. The opportunity to create a legacy was part of the appeal of the Foundation, and there was also the advantage in terms of simplification - having only one receipt rather than many for income tax purposes. The credit she receives also has a positive impact on her personal taxes.

Anne’s financial advisors suggested that she make an annual donation to the Victoria Foundation and put the amount of the tax credit towards purchasing life insurance, the proceeds from which would go directly to her children in the event of her death. Anne’s overall plan creates a win-win-win situation – she wins by saving on taxes, the Victoria Foundation wins by increasing its capital, and Anne’s children will receive financial benefit through her life insurance.

Anne also really appreciates the concept of her donor-advised fund which provides her with the opportunity to direct its earnings to areas she feels support some of her life’s passions. For someone who spent 36 years teaching, 28 of which were at the University of Victoria, supporting Education is important. The Arts is another area where Anne likes to make a difference. Not only does Anne contribute financially, but since 1994 she has been the On-site Coordinator for the UVIC Travel Study program. As a self-proclaimed theatre buff, Anne delights in accompanying travelers, who share her passion, to places like London and Stratford.