Planned giving makes it possible for donors to make meaningful gifts to our Hospitals and create a personal legacy. Whether you choose to put a gift to immediate use or have it invested to create an endowment that will provide a steady stream of funding and support, your legacy will benefit future generations. Furthermore, your donation can reduce the amount of tax you will pay on your income.

Leaving a bequest in your Will enables you to make a significant gift to the Hospitals with little or no effect on current finances and can reduce or possibly eliminate the tax your estate will pay as a result of your passing. While bequests in a Will are the most popular, there are many other options:

Life Insurance
Life insurance provides an effective way of making a powerful gift with big benefits. Small annual premium payments can result in a substantial donation. A new or existing policy can be donated. Depending on how the gift of life insurance is structured, you will be eligible for a donation tax credit for:

• The fair market value of the policy when it is donated to the charity plus the annual insurance premiums when they are paid, or

• The amount of insurance proceeds paid to the charity on your death; this donation will be claimed in your final income tax return.

Retirement Plans (RRSPs/RRIFs/TFSAs)
It is 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, RRIF or TFSA (Tax-Free Savings Account) proceeds.

Residual Interest Gifts
A residual interest gift using a trust can produce tax benefits now without reducing your income on the gifted property. For example, if you gift cash to a trust, you can receive all of the income earned in the trust during your life and the Foundation will receive the capital of the trust after your passing. You will receive a donation receipt now for the present value of the remainder interest.

Securities
Donating publicly-traded stock, mutual funds and options that have appreciated in value can be very tax advantageous. By donating directly to the Foundation, instead of selling the securities first, you avoid having to pay tax on capital gains. This can be achieved whether you donate the stock during your lifetime or in your Will.

Your planned gift can make a difference to the quality of care the Toronto General and Toronto Western hospitals provide today and for future generations. You can support the areas of greatest need within the hospitals or direct your gift to a specific program area. Whatever you chose, your gift can help support the research needed for medical breakthroughs, purchase state-of-the-art technology, and change thousands of lives forever.

If you would like to discuss the options for making a planned gift,
please contact Anita Nielsen at 416-340-5051 or email anita.nielsen@uhn.on.ca

Toronto General & Western Hospital Foundation has launched two new endowment programs offering the opportunity to establish a personal legacy of your own.

Young Investigators Bursary Fund
The Young Investigators Bursary Fund (YIBF) is an endowed fund created to support emerging research at Toronto General and Toronto Western Research Institutes. Your gift will keep working for years to come, fuelling innovation and discovery and ensuring that the necessary funding will always be in place to support the medical challenges of the future.

Donations to the YIBF will be pooled and invested with the earned interest directed to research projects annually. With a minimum gift of $10,000, your Young Investigators Bursary may be named after yourself, your company or a loved one. Each year you will receive a report detailing how your bursary was used, and like your investment, your sense of pride and satisfaction will continue to grow for years to come.

"The Young Investigators Bursary Fund captured my interest because of its ability to direct research dollars to where they will have the greatest impact, indefinitely. Research at UHN generates results, and I feel confident supporting a program that will provide tremendous benefits for us all in the long run." ~ John Duda, first YIBF donor

To learn more about the Young Investigators Bursary Fund contact Robert Windrum at 416-340-4944 or robert.windrum@uhn.on.ca

Donor Advised Funds
Donor Advised Funds (DAF) are a convenient and cost effective alternative to creating a private family foundation to oversee your charitable giving — and the perfect vehicle for those who are passionate about Toronto General and Toronto Western Hospitals, and also actively support other Canadian charities each year.

A DAF can be established with a minimum commitment of $50,000 (payable over five years), which will be invested and endowed in perpetuity. Each year you will receive a statement outlining how your fund has performed and the amount of earned income available to grant.

Your DAF can meet a variety of your philanthropic goals, such as:

• providing a continuous stream of revenue for your favourite charities

• creating a personal or family legacy;

• supporting one of Canada’s most beloved institutions in perpetuity

Think of your DAF as your own mini foundation!
"More and more people are discovering the many benefits of Donor Advised Funds," says Board member Marvi Ricker, VP & Managing Director, Philanthropic Services, BMO Harris Private Banking. "They offer an easy and tax effective way to establish a family legacy of charitable giving and continue that tradition across the generations."

For more information contact Anita Nielsen at 416-340-5051 or email anita.nielsen@uhn.on.ca

Please join us for an information session on Donor Advised Funds prior to the next Behind the Scenes event on May 4th from 1:00 – 1:30pm at the MaRS Centre. Please RSVP Julie Rogers at 416-340-3312 or 1-877-846-4483 or behindthescenes@uhn.on.ca