Leaving a legacy
How do you want to be remembered? If you want to leave a legacy of caring and compassion, then consider making a charitable bequest in your will. You can designate a certain sum of money, a particular asset, or a portion of your estate. Whatever form your gift takes, the result is the same – a healthier community.
How to Give
To include a bequest to the Foundation in your will, have a lawyer or notary prepare a new will or add a codicil to your existing one. A bequest can be made available for immediate use or held as an endowment.
Types of Bequests:
- Specific Bequest: You designate a specific dollar amount or piece of property, such as real estate, stocks, bonds or works of art.
- Residual Bequest: You donate all or a portion of your estate to the beneficiary after all your debts, taxes, expenses and other bequests have been paid. This is typically done by designating a percentage or share of your estate.
- Contingent Bequest: Your gift takes effect only if the primary intention cannot be met (if, for example, the primary and alternate beneficiaries do not survive the donor).
- Gift Restrictions:
- Unrestricted Gifts: If you wish to meet the most important needs of our hospitals, we recommend that your gift be unrestricted. You may designate an unrestricted gift to be shared by our hospitals, or for use by one or two specific hospitals
- Restricted Gifts: You can control the use of your bequest by including certain designations in your will. However, because our hospitals’ needs are subject to change, we recommend that you add a “power to vary” clause to ensure your gift will deliver maximum value (see our Wills & Bequests Guide for more information).
What to include in your will
The language you need to include in your will can be specific.
Our Wills & Bequests Guide with all the details you need.
Tax Centre
Find out more about how your gift can reduce taxes. Click here to use our tax credit calculator and to download our Tax Examples Guide.
We can help
Please contact us directly to discuss your legacy gift to our hospitals. We’d be happy to help you.
Thank you for supporting our hospitals.