Legacy Giving

LEGACY GIFTS

A legacy gift is one you plan now that will benefit hospital patients in the future. The three most common options are a gift in your Will, a gift of life insurance, or a gift of retirement funds (RRSPs and RRIFs).

A GIFT IN YOUR WILL

A Gift to the Foundation under your Will, called a Bequest, allows you to plan for the support of your Hospital in the years to come, in a way that has no effect on your current income or standard of living.

A GIFT OF LIFE INSURANCE

Canadians are some of the most “Insured” people on the planet, and more often than you might expect, many of us reach a point in our lives where the insurance we purchased when we were much younger, when we were just beginning our careers and needed the safety net that insurance provides, is no longer necessary – because we have achieved a level of financial success and security that make the insurance unnecessary.

A gift of life insurance to the Foundation can be an excellent way to use a policy you may no longer need to make a gift that will make a significant difference for patients. There are tax savings for you during your lifetime – or for your Estate, depending on how your gift is arranged.

Learn more about Gifting through life insurance.

A GIFT OF RETIREMENT FUNDS

When you invest money in RRSPs or RRIF plans, you have the option of designating beneficiaries, in much the same way as you can under your Will.

Designating the Chesley Hospital Foundation as beneficiary, alternate or partial beneficiary of your RRSP or RRIF plan is one of the simplest and most private ways to make a legacy gift to the Foundation, with the added advantage of significant tax advantages for your Estate.

Learn more about Gifting through Retirement plans.