Bank of Taiwan Promotes Elderly Care Trust Planning Through Charity Receipt Donation Campaign

(中央社財經訊息服務20260623 16:38:19)

To advance social welfare initiatives and encourage seniors and persons with disabilities to plan ahead for their future care needs, Bank of Taiwan (BOT) launched its 2026 "Donate Receipts for Charity" campaign. Under the program, customers who open "elderly care trust accounts opened in advance" at any BOT branch and donate five paper uniform invoices are eligible for a waiver of trust contract fees. The initiative not only helps individuals secure future financial protection through trust planning, but also provides meaningful support to charitable causes.

Coinciding with BOT's anniversary celebrations in May, the campaign carries special significance by bringing together the goodwill of customers and communities. All paper uniform invoices donated by customers between January and May 2026 have been contributed to the Taipei Parents Association of Autism, reflecting the Bank's commitment to corporate social responsibility (CSR) and extending support to families in need.

A "elderly care trust accounts opened in advance" allows individuals to establish a trust arrangement while they are still mentally and physically capable and sign a senior care trust agreement in advance. At a future date determined by the customer, designated assets may be transferred into the trust, enabling the trust to disburse living expenses, long-term care costs, or other designated payments in accordance with the trust agreement. This mechanism provides advance planning, dedicated use of funds, and asset preservation, allowing individuals to manage retirement assets according to their wishes while reducing the risks of fraud, financial exploitation, or misappropriation.

As Taiwan faces the dual demographic challenges of declining birth rates and increasing longevity, a growing number of older adults are living alone and becoming concerned about potential cognitive decline and their future ability to manage personal finances. Consequently, demand for senior care trusts has risen, along with the need for suitable trust supervisors to safeguard trust assets.

For more than a decade, Bank of Taiwan has partnered with The Foundation For Childless Aging People to provide senior care trust services for elderly individuals without children. Under this collaboration, the Foundation serves as a Trust Supervisor, helping oversee and protect trust assets on behalf of beneficiaries. In addition, on May 8 and May 27 this year, BOT and the Foundation jointly hosted two public seminars on senior care trusts and fraud prevention, sharing practical guidance on how trust mechanisms can strengthen financial security and asset protection.

The Bank also recognizes the concerns of parents of children with disabilities, many of whom worry about their ability to provide long-term care and financial protection as they age. To address these concerns, BOT can introduce customers to relevant social welfare organizations that may serve as trust supervisors or provide specialized consultation services for individuals with intellectual or developmental disabilities. Through the combined strengths of trust arrangements and social welfare organizations, the Bank seeks to safeguard beneficiaries' quality of life and financial well-being, helping build a stronger social protection network for vulnerable groups.