Planned Giving

As the name implies, planning ahead to leave a gift in your will is one the most thoughtful ways to help others and leave a lasting impact on your community. Giving a Planned Gift is an important decision that requires thoughtful planning. If you wish to take advantage of this kind of legacy giving, we suggest you seek legal and accounting advice to ensure your specific wishes are carried out and that your estate enjoys the tax benefits of your generosity. For more information about Planned Giving, please contact us.

Give a Gift in Your Will

Benefits

Most popular type of legacy gift, often referred to as “bequests”
Easy to do by contacting your lawyer
Flexible gift that can be altered during your lifetime
Reduces the taxes payable on your estate as your estate receives a tax receipt

Wording for your will

To give a specific amount

“I give to The Hospice Hub, 33 Lewis Street, Perth, ON, K7H 2R4 the sum of ten thousand dollars ($10,000) to be used for the benefit of The Hospice Hub.”

To give a percentage of the estate

“I give to The Hospice Hub, 33 Lewis Street, Perth, ON, K7H 2R4, twenty percent (20%) of the rest, residue and remainder of my estate to be used for the benefit of The Hospice Hub.”

To give a specific asset, such as shares in a company

“I give to The Hospice Hub 500 shares of ABC Co. Inc, to be used for the benefit of the organization.”

“In the event that my brother does not survive me, I give $10,000 to The Hospice Hub to be used for the benefit of The Hospice Hub’s highest priority needs …”

To designate your gift for a specific purpose:

“I give to The Hospice Hub, 33 Lewis Street, Perth, ON, K7H 2R4, the sum of fifty thousand dollars ($50,000) to be used in support (specific program e.g. bereavement/grief – day program etc.)”

We suggest that you add a “Power to Vary” clause, for example “If at the time of my death it is impossible, impractical or inadvisable to apply the gift to this purpose, The Hospice Hub may at their discretion direct the gift to a similar purpose.”

Life Insurance

Make a large gift in the future with a small amount today – i.e. pay it forward

Can be set up to provide tax benefits now and during your lifetime
Two ways to give, each with advantages, that your financial planner can advise you on:
- Make The Hospice Hub the owner and beneficiary of a new or existing life insurance policy
- Name The Hospice Hub as a beneficiary of a new or existing policy
A gift of Life Insurance is not subject to probate and estate fees
You can choose from a full range of products, price ranges and payment methods to suit your situation RRSPs/RRIFs
Name The Hospice Hub as a direct beneficiary for your RRSP, RRIF or Canada Pension assets and receive tax benefits for doing so
Choose a specific amount or a percentage of your RRSP or RRIF
Speak with your financial institution to add The Hospice Hubdirectly on your plan documents
If you are comfortable, contact The Hospice Hub to inform us of your gift. This helps us plan for the future with more comfort and confidence

Donating Securities

Donating securities is a convenient way to give that offers favourable tax benefits for donors. As returns on investments increase over time, those capital gains are taxable, except if you choose to donate such investments directly to a registered charity. By donating securities directly to The Dorothy Ley Hospice, you avoid capital gains tax and are eligible for a tax receipt for the fair market value of your gift. Not only does this method of giving offer smart financial solutions, but it can also represent a meaningful investment in helping The Dorothy Ley Hospice achieve our mission of fostering hope and dignity through exemplary care, advocacy, education and research for individuals living with the challenges of life-limiting or loss.