Planned Giving 

A planned gift is a donation to the Foundation that is promised now, but not given until sometime in the future. 

Bequests:

Bequests are made exclusively through a donor's last will and testament.  In the will, the donor describes his or her charitable intent and the executor of the estate distributes property to the charity in accordance with that written direction.

Bequests to the Foundation provide a balance between ensuring that your loved ones are cared for while knowing that you are making an investment in their future health care.  You also maintain control of the funds during your lifetime.   Bequests to the Foundation can be made in gifts of cash, real estate, gifts of shares, bonds or guaranteed income certificates.  When you plan a gift in your will, your estate benefits in that it receives a charitable tax receipt for the donated portion of your estate.

Life Insurance Policy: 

There are several ways to donate a new or existing life insurance policy to the Foundation that create significant tax benefits.  One option is to make the Foundation the owner and beneficiary of the policy.  For paid-up policies, an immediate tax receipt is issued for the fair market value of the policy.  For non-paid-up and new policies, the annual premium amount continues to be paid by the donor and a charitable donation is created each year.  

Another option is for the donor to retain the policy’s ownership and the Foundation is named as the beneficiary.  Insurance proceeds will be paid directly to the Foundation and a charitable deduction for the full amount can be used to reduce personal taxes in the year of death and the year prior.  Alternatively, the deduction can be used on the estate tax return.  These options ensure that heirs receive maximum value from estate assets and at the same time a meaningful gift is created that will make a lasting difference to the community.

Registered Retirement Funds (RRSPs/RRIFs):
You have the option to name a charity, AMGH Foundation, as the direct or contingency beneficiary of an RRSP or RRIF.

Securities (stocks, mutual funds, bonds, GICs):

A donation of securities or mutual fund shares is the most efficient way to give charitably.  When you sell your shares for cash, you are responsible for the tax due on any realized capital gain, even if you plan to donate the proceeds from the sale.  However, when you donate your securities directly to AMGH Foundation, those gains may not be subject to tax.  This means your charity receives a larger gift, and you'll benefit from a tax receipt for the full market value of your eligible securities or mutual funds (at the time they are received).  For more information, please refer to the Canada Revenue Agency website.

You can explore some of the tax savings benefits of your donation by using our Tax Savings Calculator  The Foundation urges donors to seek independent financial and legal advice that pertains to their personal circumstance.

 

How to make a Planned Gift.

The Foundation is here to help you make a difference in the health care of your community. For more information about planned giving and donor recognition, please contact the Foundation office at 519.524.8508.

Bayshore Healthy Tomorrows

Everyday People doing Extraordinary Things

In partnership with several other area Foundations, the Alexandra Marine & General Hospital Foundation has teamed up with Bayshore Broadcasting to promote the benefits of planned giving through the 'Healthy Tomorrows' program. The Healthy Tomorrows program encourages you to plan a future gift to the AMGH.