Late Canadian heiress left money to multiple nonprofits
May 31, 2013
"You can't take it with you" is an old adage referring to the suggestion that people should enjoy their lives and spend their money, because after we're gone, it won't matter. Many individuals tend to leave money to family members in wills, but some charitable people direct them toward charities and foundations that they believe make a difference.
The Vancouver Foundation, the University of British Columbia and the BC Conference of The United Church of Canada recently announced that they were the recipients of a bequest from the estate a private citizen. Judith Jardine left approximately $40 million to the three organizations.
Interestingly, though, Jardine did not seem to have a large presence in British Columbian nonprofits.
"We were completely surprised by this generous estate gift," Vancouver Foundation President and CEO Faye Wightman noted. "Judith Jardine is a bit of an enigma to us. She never had a fund with Vancouver Foundation. But she appears to have done her research, and we are honored."
Around $34 million of the sum went to the Vancouver Foundation alone. The organization was created in 1943 with the goal of making British Columbian communities more sustainable, healthy and active. Among its many focuses is preventing homelessness for the youth of the province, promoting animal welfare and improving citizens' health, alongside others.
Organizations that are looking to raise funds through grant opportunities or local campaigns can use nonprofit financial management solutions to improve their chances of success. The software can help program leaders identify potential donors and send out applications with accurate accounting information.