Wills & Estates
We all have our own reasons to give, a donation to the Foundation can help you honour the memory of a loved one or say thank you to a doctor, nurse or care giver.
If you are considering making a gift to QPHF we would be pleased to meet with you and to recommend next steps. If you have a tax or legal advisor, we would also be pleased to talk to them with you, or on your behalf.
Gifts of Cash
Most Foundation supporters give gifts of cash. For many, it is as easy as writing a cheque or using a credit card. It is a great way to celebrate a special occasion while giving back to QPHF. Monthly Giving is easy to do w pre-authorized credit card payments and can support the hospital’s greatest needs or an area of special interest to you.
Please make cheques payable to the Queen’s Park Healthcare Foundation.
Gifts of Appreciated Property
Donating publicly traded securities or real estate can provide an even greater tax benefit to some donors. Real estate may also result in a long-term benefit to the hospitals for expansion of care facilities, or they can be sold by Queen’s Park Healthcare Foundation with the proceeds used to meet important care priorities. Securities gifted to QPHF through Wills can result in a reduction in taxable income on the final return and an increase in the amount of tax credit that can be used to offset the Estate’s other taxable income.
There are several ways to leave a legacy for the care of future generations, while making the best use of your assets and maximizing your taxable benefits.
Make a donation to the hospital without affecting your current standard of living
Estate Gifts or Planned Gifts
A planned gift lets you take care of your family while ensuring a gift to the hospital. The decision about your gift can be made now, but the transfer usually happens in the future.
A charitable bequest through your estate is a satisfying way of providing a gift in the future, while retaining full control of your property. A bequest can also be used to reduce the taxes that may be owed by your estate. You could specify an amount of money, personal property or a portion of the residue of your estate.
Securities gifted to QPHF through Wills can result in a reduction in taxable income on the final return and an increase in the amount of tax credit that can be used to offset the Estate’s other taxable income.
Charitable Remainder Trusts
With a charitable remainder trust you designate an amount that is then used to create a trust fund. The net income generated by this fund is paid to you or your beneficiary. The principal of the trust reverts to QPHF upon the trust’s termination.
An annuity gift directs QPHF to use your contribution to purchase an annuity from an insurance company that will pay regular fixed amounts to you as donor. The residue will revert to QPHF when you no longer need the fixed annual payments.
QPHF can either be named the beneficiary of a life insurance policy, or ownership of a policy may be transferred to QPHF. Premiums paid for the policy may be eligible for tax credits.
For more information, please contact:
Queen’s Park Healthcare Foundation
Gifts will automatically receive a tax receipt.
Consistent with our Foundation Board policy, a 15% contribution from all designated donations will support the work of Queen’s Park Healthcare Foundation