Planned Giving
Leave a Legacy
Planning ahead to leave a gift in your will is one of the most thoughtful ways to help others and leave a lasting impact on your community.
A planned gift could be a simple bequest in a will, an annuity, or a life insurance policy.
We would be pleased to speak with you about the various ways you can create your legacy. For more information, please call
Christopher Walker, Manager Fund Development
519-525-7352 chris.walker@huronhospice.ca
We have made a number of watch and learn videos outlining the types of planned gifts you might consider.
The types of planned gifts you could consider
Bequests
A bequest in your will can be included in a new will or added to an existing one through a codicil. It may be:
A specified dollar amount, a percentage amount, or share of your estate.
A residual gift – what is remaining after you have provided for loved ones.
Distributed when the last spouse passes away.
A charitable gift through your estate can often reduce the taxes assessed against your estate and may actually increase the inheritance you are able to leave to your family and friends. For more information please call Christopher Walker, Manager Fund Development
519-525-7352 chris.walker@huronhospice.ca
Securities
A gift of publicly traded securities made “in kind” during your lifetime or through your estate ensures that you or your estate will not pay tax on any capital gains. You or your estate will receive a charitable donation receipt for the price of the shares on the day they are received by Huron Hospice.
For more information please call Christopher Walker, Manager Fund Development
519-525-7352 chris.walker@huronhospice.ca
Life Insurance
One of the simplest ways to make a significant gift is through a gift of life insurance. As this type of gift is not subject to probate, the resulting charitable donation receipt provided to your estate may help to reduce the impact of any taxes that may be owing. There are several options that may provide benefits to you during your lifetime or to your estate.
Option 1. Name Huron Hospice as the owner and beneficiary of a new life insurance policy. You pay the monthly or annual premiums and receive a charitable donation receipt each year for the premiums paid until such time as the policy is paid in full. Your legacy carries on after you are gone.
Option 2. Name Huron Hospice as the owner and beneficiary of an existing life insurance policy. If the policy is fully paid up you would receive a charitable donation receipt for the fair market value (FMV) of the policy, or you can defer the donation receipt to your estate. For a policy where premiums are still owing, you would receive a charitable donation receipt for the FMV of the policy as well as an annual charitable donation receipt for your ongoing premium payments until the policy is paid in full.
Option 3. You retain ownership of a new or existing policy and make Huron Hospice a full or partial beneficiary. When the proceeds of the policy directed to Huron Hospice are received from the insurance company, the Hospice will issue a charitable donation receipt to your estate. Premiums paid on these types of policies are not eligible to receive a charitable donation receipt during the donor’s lifetime.
For more information please call Christopher Walker, Manager Fund Development 519-525-7352 chris.walker@huronhospice.ca
RRSPs
You are able to enjoy your retirement savings during your lifetime and direct any remaining funds to support compassionate care at Huron Hospice . As this type of gift is not subject to probate, the resulting charitable donation receipt provided to your estate may help to reduce any taxes that may be owing. For more information please call Christopher Walker, Manager Fund Development:
519-525-7352 chris.walker@huronhospice.ca
Gift of Property
You can give a piece of property outright to Huron Hospice. You could place it in trust to retain the use of it during your lifetime giving it to the Hospice upon your death, or gift it through your Will. As these types of gifts can sometimes be more complex, we ask that you contact Hospice staff to work out any questions. We will be pleased to work with you and your advisors to design this meaningful gift. For more information please call Christopher Walker, Manager Fund Development:
519-525-7352 chris.walker@huronhospice.ca
Things you need to know
Our legal name is Huron Hospice Volunteer Service
Our charitable registration number is 890040173RR0001
We recommend that you consult with your family, your lawyer, or estate planner before making any legacy decisions. For more information please call Christopher Walker, Manager Fund Development:
519-525-7352 chris.walker@huronhospice.ca
Joan Campbell’s Story
Joan Campbell has graciously donated to Huron Hospice through a bequest in her will. Throughout her husband’s stay at the residence on his end-of-life journey, Joan was extremely grateful for the kind and caring nurses as well as the services they provided to ensure her husband Floyd’s time at Huron Hospice was as pleasant as possible. To read her heartfelt story, click the button below.