Leave a Legacy
You can create a powerful legacy of support for women and their families by naming Women’s College Hospital in your will, life insurance, registered retirement savings funds (RRSPs or RRIFs) or by making a gift of securities.
Your generous future gift will help Women’s College Hospital continue to achieve extraordinary advancements in women’s health for generations to come, impacting healthcare across Canada and the world. Below, you’ll find several different ways you can make a future legacy gift. To discuss your unique wishes or for more information, please contact us:
Women’s College Hospital Foundation
416-323-6323
foundation@wchospital.ca
Your giving options:
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Make a bequest in your will
A donation in your will, known as a bequest, allows you to leave a legacy once your needs and those of your loved ones have been met. A bequest is a tax-effective way to support Women’s College Hospital, and your estate may claim gifts in the year of death equal to 100 percent of your net income in that year and the preceding year.
You can designate your gift to your preferred area of interest or allow Women’s College Hospital Foundation to use the gift to support areas of highest priority need.
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Life Insurance
A gift of life insurance is an inexpensive way to create a significant legacy with the Women’s College Hospital Foundation. A modest annual premium paid over time will result in a significant future legacy.
There are two ways to arrange a gift of life insurance. You can transfer the ownership of a new or existing policy to Women’s College Hospital Foundation, in which case you receive a tax receipt for premiums paid after the date of transfer. Alternately, you can name Women’s College Hospital Foundation as beneficiary of your policy and receive a tax receipt for the full amount of the proceeds received by Women’s College Hospital Foundation.
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Registered Retirement Savings Funds (RRSPs or RRIFs)
Retirement funds can be the most heavily taxed assets you own. However, when Women’s College Hospital Foundation is designated as a direct beneficiary of a registered retirement savings plan (RRSP) or registered retirement income fund (RRIF), these taxes are offset at the time of death. Your gift will be treated as a charitable donation and Women’s College Hospital Foundation will issue a tax receipt for the full amount being transferred.
The gift is simple to make. Name Women’s College Hospital Foundation as a direct beneficiary on the plan document and advise the institution holding your retirement account of the change.
Please note: Gifts from Retirement Savings Plans and Retirement Income Funds transferred directly to a registered charity during the donor’s lifetime are not eligible for a charitable tax receipt at this time.
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The Spirit of Life Society
Individuals who choose to remember Women’s College Hospital through a future gift arrangement become part of our Spirit of Life Society. Members of the Spirit of Life Society are celebrated through a range of special benefits and engagement opportunities, including:
- Invitations to special luncheons and events
- Recognition in Women’s College Hospital Foundation’s donor listings
- Other as discussed between you and Women’s College Hospital Foundation
We are committed to working with you, your family and your financial advisors to ensure your philanthropic and financial goals are met. For more information about how you can make a future gift to Women’s College Hospital Foundation and become a member of the Spirit of Life Society, please contact us:
Women’s College Hospital Foundation
416-323-6323
foundation@wchospital.ca
