Planned giving makes it possible for every donor to make a meaningful gift to our Hospitals.
Here are some ways you can fund a planned gift:
Bequests
Leaving a bequest in your Will is the most popular and easiest way to make a planned gift. Many donors feel that they can’t afford to make a significant gift to the Hospitals during their lifetime. However, a bequest enables you to accomplish this in the future with little or no effect on current finances, while significantly reducing the taxes payable by your estate.
Read more about Bequests...
Doris Mack gave the gift of a bequest. » more
Everett Anstey also gave the gift of a bequest. » more
Securities
Donating publicly-traded stock, mutual funds and options that have appreciated in value can be very tax advantageous. You can avoid having to pay expensive tax on capital gains when the securities are donated directly to Toronto General & Western Hospital Foundation (the Foundation), instead of selling the securities first. If you would like to learn more about Gifts of Securities, please visit our Taking Stock website.
Read more about Gift of Securities...
Bob & Angie Reynolds gave the gift of securities. » more
Life Insurance
Life insurance provides an effective way of making a powerful gift with big benefits. Small annual payments can mean a substantial gift. A new or existing policy can be donated.
A gift of life insurance can be an affordable way of making a significant donation to support Toronto General and Toronto Western hospitals while preserving assets intended for your family and loved ones.
Read more about Life Insurance...
Liz Maxwell gave the gift of life insurance. » more
Retirement Plans (RRSPs/RRIFs)
It is now possible to make a significant future gift to the Hospitals, while greatly reducing taxes, by naming the Foundation as a direct beneficiary of your RRSP or RRIF proceeds, outside of your estate. Recently, the federal government has made it very easy—and convenient—to make a future contribution of retirement fund proceeds, including RRSPs and RRIFs, to Toronto General and Toronto Western hospitals. Contributing the proceeds of a retirement fund provides you with an opportunity to make a significant gift to the hospital, receive a donation receipt for the full value of the proceeds and use the resulting tax credits to offset taxes payable by your estate.
Read more about Retirement Plans...
Residual Interest Gifts
A gift of residual interest can produce tax benefits now while allowing you to retain the rights to enjoy the assets during your lifetime. Examples include gifts of a personal residence, or valued artwork settled under a charitable remainder trust agreement. In each case, you receive a donation receipt for the present value of the remainder interest.
Gifts of Property
Outright gifts of property such as real estate, artwork and jewellery are accepted 'in kind' based on suitability. For these gifts, donation receipts are issued for the fair market value of the gift.
You can receive a steady income and save on taxes right away while supporting the future of Toronto General and Toronto Western hospitals by establishing a charitable remainder trust.
This type of trust is set up in a way that assigns the future value of assets in the trust to Toronto General & Western Hospital Foundation, but allows you or a loved one to receive the income generated from the assets for life or a specified period of time.
Read more about Charitable Remainder Trusts...
If you would like to learn more about any of these planned giving options, please contact the Foundation. We would be pleased to meet with you in person or provide you with detailed information.
