Legacy Giving.
ABOUT
Your kindness can live on.
End-of-life planning means you can make the powerful decision to leave a lasting legacy in your community. Legacy giving – also known as planned giving or bequeathment – is a donation of assets, rather than income or revenue, as laid out in a donor’s will or estate plan.
Your selflessness can help families in their moments of greatest need, creating a lasting gift of hope and support for your neighbours and loved ones.
THE IMPACT OF LEGACY GIVING
With legacy giving, 100% of your gift supports our work.
That means better medical care, treatments, training, and facilities for southeastern Alberta – everything from welcoming new lives into this world to providing greater comfort for those in their final days.
Legacy giving also benefits you and your family, too. Thanks to robust incentives and regulations, it’s possible to reduce the amount of tax owed on your final return, meaning those you leave behind keep more of what you leave them.
Ways you can give.
Bequeath Assets In Your Will
This is a very popular act of generosity. It costs you nothing, and it can lower or even eliminate taxes owed on your estate.
Charitable Annuities
This unique arrangement enables a charitable gift to the MHHF, while also ensuring you and your surviving partner receive guaranteed income for life.
Securities
Securities like stocks, mutual funds, and bonds can be left to us. If you choose to do so, capital gains taxes are eliminated and you receive a charitable tax receipt, too.
Retirement Funds
You can designate our Foundation as the beneficiary of retirement funds like RRSPs, helping you avoid probate fees and benefitting your estate with a correlated tax receipt.
Gifts-in-kind
Tangible assets like real estate, vehicles, jewelry, artwork, and other valuables can be donated in your will – and receive a tax receipt for fair market value.
Life Insurance
Donating existing or new life insurance benefits turns your small monthly premium into a major contribution.
A partner in giving.
We are proud to partner with Will Power, a national public education campaign designed to inspire Canadians to think differently about charitable giving and empower them to create positive change through their wills.
In greater detail.
We have prepared an in-depth brochure about the benefits of legacy giving. If you’re interested in learning more, please click the link below.
INSPIRING STORIES
One couple’s story.
Darlene and Brian Neigum have been loyal supporters of our Foundation since its beginning many years ago. They have donated an incredible 119 times over those years! But what makes this wonderful couple extra special is their decision to leave us a further gift in their estate through legacy giving…
Frequently asked questions.
What is legacy giving?
Legacy giving means leaving a gift in your will or estate plan to support a cause you care about. It’s a meaningful way to make a lasting difference in healthcare – helping future patients and families receive the care they need.
How do I include Medicine Hat Health Foundation in my will?
You can include a gift by naming our Foundation in your will, specifying either a fixed amount, a percentage of your estate, or the remainder after other bequests. You can speak to a member of our team to discuss specific details and possibilities.
What types of gift can I leave?
You can leave a gift of cash, securities, real estate, or other assets. Many people also choose to designate our charity as a beneficiary of life insurance policies, RRSPs, or pension plans. You can get more information in our brochure here.
Do I need a lawyer to leave a legacy gift?
We highly recommend you work with a trusted legal advisor to make sure your wishes are carried out correctly and entitle you to maximum benefit in terms of taxation reduction.
Can I choose how my gift will be used?
Yes! You can choose to donate towards specific equipment, departments, or facilities, or you can help fund one of our many ongoing programs. Many people choose to leave a legacy gift to a service that helped them personally throughout their life – a meaningful final thank you.
Is there a minimum amount I have to leave?
No. We will gratefully accept anything you choose to give, no matter the scale. Even a few dollars can help us buy a toy for a scared child staying in our hospital for the first time, a pair of warm socks for a cold patient, or a cup of coffee for an exhausted parent.
What are the tax benefits of legacy giving?
Our friends at Will Power have prepared an informative case study highlighting the potential tax benefits of legacy giving here.
LET’S TALK
Want to know more about our Foundation? Our team is always ready to connect.
Transform a life with your donation.
