Donors like you are helping to secure our financial future.
Thank you for considering a planned gift for Hospice Calgary. We invite you to read this page and learn more about how you can create a lasting legacy through a planned gift.
Bequests: Leaving Gifts in Your Will
When you choose to include charitable giving in your will, you are making a lasting impact. A bequest gift is made by naming Hospice Calgary Society as an estate beneficiary.
Bequest gifts can be made specific, residual, or as a gift of property.
A bequest often means you can make a much larger gift and impact than you ever thought possible during your lifetime, and it is revocable if your circumstances ever change.
What type of bequest is right for you?
Specific bequest is a gift of money as an exact amount or a gift of property (detailed below).
Residual bequest is a gift that comes from what is left in your estate once all other debts, taxes, beneficiaries, and expenses are paid. This type of donation is often written as a percentage.
A gift of property can include publicly traded securities, real estate, art or other objects of value.
Including Us in Your Will
You can choose to designate your gift for a specific purpose or trust that we’ll use your donation where it’s needed most.
Suggested wording for an undesignated gift:
“I hereby give Hospice Calgary Society, (Charitable Registration #118963669 RR0001), located at 1245 70 Avenue SE, Calgary, AB, Canada T2H 2X8, the sum of $XXX dollars (or %XX) of my estate, or property herein described, to be used as the Board of Directors deem advisable for the benefit of Hospice Calgary.”
Our legal name is Hospice Calgary Society. It is important that you and/or your lawyer have our charitable registration number for your records. That number is: 118963669 RR0001.
Life Insurance, RSP, and Gifts of Securities
Similar to naming Hospice Calgary Society in your will, you can name a charity as a beneficiary in your life insurance policy, RRSP or RRIF. This type of gift allows you the opportunity to make a large donation while having modest premium payments over a period of time.
Life Insurance Policies
- Existing Paid-up Policy: you can designate Hospice Calgary as the owner and beneficiary.
- Retain Ownership of a Policy: by naming Hospice Calgary as the beneficiary in your will.
- New Policy: if you have a new policy and name Hospice Calgary as the owner, you will receive a tax receipt for the fall amount of the premiums you pay.
RSPs
For many Canadians, RSPs are an important investment for your future. RSPs allow you to defer income taxes until withdrawn. Upon death, the entire remaining value of the RSP or RIF is considered income and is fully taxed. By naming Hospice Calgary Society as the beneficiary, the tax credit offsets the tax owning on the distribution of funds.
Gifts of Securities
Securities or shares can be an immediate gift to Hospice Calgary or be part of your estate planning. A gift of publicly traded shares may receive a 100% tax credit on the capital gains of the shares (subject to legislation). This results in a larger tax savings than if you sold them and donated the proceeds.
Next Steps
We invite you to contact us to begin the conversation about including Hospice Calgary in your will:
Kelsey Murdoch
Director of Marketing & Fund Development
403.263.4525 ext. 203
kelsey.murdoch@hospicecalgary.ca
Note: Please consult your financial advisor or lawyer for specific advice in choosing the best option for you and your family.
