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Planned Giving

Leave a Legacy 

A planned gift is a wonderful way to support the hospital and create a lasting legacy to ensure the best healthcare for future generations. Planned gifts include: bequests, gifts of life insurance, donations of securities, and RRSP/RRIF gifts. Consult your financial advisor to decide which type of planned gift is best for you.

Bequests

Bequests are gifts made through your Will. You can claim up to 100% of your income on your final tax return and carry back any excess to the previous year, thus the tax relief from an estate gift can be significant. The most flexible Will wording is to leave your gift “to the Wingham & District Hospital Foundation for its general purposes”. To designate your gift to a specific area/program, please contact the Foundation office.

Life Insurance

When the Foundation is a named beneficiary, this can benefit both the donor and the hospital. The proceeds bypass your estate, providing protection from estate administration taxes and the charitable donation tax receipt will alleviate the tax burden on your estate.

Donation of Securities

Donating publicly listed securities through your estate will exempt your estate from the associated capital gains taxes. This is an excellent opportunity to make a significant gift while taking advantage of this tax relief strategy – your estate pays no income tax on the gains realized – your estate will receive a charitable tax receipt for the market value of the securities donated.

RRSP/RRIF Gifts

When the Foundation is designated as beneficiary of your RRSP or RRIF, the proceeds are paid directly, which bypasses your estate and avoids estate administration taxes. A charitable tax receipt will be issued, which will considerably reduce the amount of the tax generated by the realization of your plan on your death.

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