Ensuring Healthcare Excellence Today & Tomorrow
| You can do something extraordinary for yourself, your family and your friends. Best of all, 100% of your legacy gift stays in Northwestern Ontario. There are many legacy giving opportunities. The following descriptions of different types of gifts will help you determine which is best suited to your philanthropic goals, your financial circumstances and will provide you with the greatest tax benefit. Please contact us for a confidential discussion about any of these options. Talk to your family. Talk to your advisor. The right professional can provide valuable information and guidance. Click here to view the Society of Gift Plannning Advisors. Talk to us. |
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Types of Legacy Gifts
Gift by Will
A bequest is a gift made through your Will. It is a simple provision in your Will to leave a gift to the Health Sciences Foundation, whether a specific amount or a percentage of your estate.
Gifts of Publicly Listed Securities
If you're a Canadian paying capital gains taxes, you're probably well aware that you can now donate publicly listed securities to public charities without incurring any capital gains tax.
For example, a gift of stocks that are worth $10,000 today that you previously acquired for $5,000 would provide you with about $4,500 of income tax savings*, and there would be no capital gains tax owed. This would make the cost of your $10,000 gift a mere $5,500, and would save you what could amount to thousands of dollars of capital gains tax.
* the example assumes you earn income in the top tax bracket in Ontario.
To make a gift of Publicly Listed Securities, simply download and complete our Securities Transfer Form. Forward the form to your broker/investment advisor who will handle the transfer and forward a copy to the Thunder Bay Regional Health Sciences Foundation.
Beneficiary Gift (Life Insurance / RRSP / RRIF)
When you name the Health Sciences Foundation as the partial or full beneficiary of an existing life insurance policy or RRSP / RRIF, this gift will pass outside of your estate protected from probate or creditors.
Life Insurance (Charity Life Direct)
Through affordable premium payments you will provide a large legacy for tomorrow with a relatively small commitment today. Learn more.
Charitable Gift Annuities
If you currently receive income from GIC’s you may be interested in purchasing a charitable gift annuity. Your income is guaranteed for life, and is virtually tax-free.
Charitable Remainder Trusts
This deferred gift provides an effective way to provide you with guaranteed income for life. The proceeds from arranging this gift now will be realized by the Health Sciences Foundation in the future.
Gifts of Property
You can donate property such as real estate, works of art, jewelry, stamps and book collections. These gifts provide tax advantages and require independent appraisals to meet Canada Revenue Agency (CRA) guidelines.
Endowment Funds
You can establish an endowment fund or contribute to an existing fund. Endowed funds are permanently invested income and only the interest is used each year.
For further information about the Health Sciences Foundation’s Legacy Giving Program, please call 807 345 4673. For a list of professionals who can provide valuable information and guidance, click here.
