Planned Giving

Benefits to the Donor

giving

  • Leave your legacy through a planned gift, which offers an opportunity for you to be remembered for making a contribution to the life of your Community.
  • In addition to knowing that your gift will assist in supporting and continuing the work of the Foundation, you also:
  • Make a difference in the lives of future generations.
  • Know that you have made the best use of your money.
  • May recognize your family name, or as a memorial tribute to someone special.
  • Ensure that your estate is settled according to your wishes.
  • Will receive any tax benefit or advantages permitted within government guidelines.
  • May make a contribution anonymously.

Planned Giving Options to Support your Hospital:

A Bequest in your Will is the most common way to make a planned gift because it is easy to do and does not affect your current assets.

Your gift by bequest to the Saugeen Memorial Hospital Foundation may be a specific amount of money, securities or other property.

Your bequest may also be arranged so the Saugeen Memorial Hospital Foundation receives the residue of your estate after all of your other beneficiaries have been looked after.


Legal information for bequests:

Sample Wording of a General Bequest:

I give to the Saugeen Memorial Hospital Foundation Inc., charitable registration number BN 88959 9825 RR0001, the sum of $_________ to be used for such purposes for the benefit of the Foundation as its Board of Directors may from time to time determine.


Gift of Publicly Listed Securities:

A Gift of Publicly Listed Securities such as shares or mutual funds, provide an opportunity to make a significant charitable gift today or in your will in support of healthcare in your Community while enjoying tax relief.

The federal government has eliminated capital gains tax on appreciated publicly listed securities when they are transferred directly to charity.

You will receive a charitable receipt for the market value of the securities gifted.


Gift to the Ensuring Care Endowment Fund:

A Gift to the Ensuring Care Endowment Fund allows your donation to be permanently invested while the annual income from the capital is available to support the needs of the Hospital each year.

Your gift will ensure quality health care for future generations.


Other Giving Options to discuss with your personal advisors::
  • A Gift of Life Insurance
  • A Gift of Annuity
  • A Living Memorial

If you have already included the Foundation as a beneficiary of your estate or other gift plan, please let us know so we can thank you now for your generosity and foresight and ensure your gift is administered according to your wishes.

To request additional information in planning a gift to the Saugeen Memorial Hospital Foundation, please contact us by email, or call (519) 797-3230 + ext. 3230 or if you wish you may also speak with our Philanthropy Officer, Jennifer Wright at 519-376-2121, ext. 2205 or e-mail her at jenwright@gbhs.on.ca.

This information is not intended to serve as legal or financial advice. While we welcome the opportunity to assist you in making a Planned Gift, the Foundation encourages you to seek the opinions of your personal legal and financial advisors in matters related to your estate.


Frequently Asked Questions:

Q: Do I have to be rich to make a Planned Gift?
A: No. Everyone is able to make a planned gift in relationship to their financial ability.

Q: Is it difficult to make a bequest in my will?
A: The process is very simple. Follow these easy steps:

Think about what donation amount you would like to leave as a gift.
Contact the Foundation to see what opportunities are available for giving.
Contact your professional advisors (accountant, lawyer, financial planner, etc.) and seek their expert advice to ensure that you are getting the maximum tax and legal advantages allowed for your gift.

Q: Will this impact my heirs in a negative way?
A: It could result in being a benefit to your heirs by reducing the tax paid on your estate.

Q: How is my gift used?
A: By making a planned gift you support the future of health care in Saugeen Shores and surrounding areas by providing high priority medical equipment for the Southampton Hospital.