Legacy Gifts
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By supporting Red Deer Hospice, you are embracing the hospice philosophy of dying well and living until the very end. Your legacy gift can provide funds to enable Red Deer Hospice to meet its annual operational needs of providing 24 hours of professional nursing care, seven days a week. It could also fund a specific piece of equipment or program, such as Bereavement Support.
Please see the information below for a list of Legacy Gifts we accept, and resources to help you get started. If you need any further information, please contact our Executive Director at 403-309-4344 ext.102 or by email. |
There are many ways that your Estate Plan can include charitable gifts to your favourite causes, as well as provide security for your family's future needs.
Bequests are written into your Will, directing a certain percentage of your estate, a particular asset, or a specific dollar amount to be left to a charity. A tax receipt can be issued for the full amount of a bequest and will often reduce the amount of tax that must be paid on your estate.
Securities Unlike other gifts of property, donors of publicly-traded securities pay zero capital gains tax and receive a tax receipt for the full value of the shares. This is a tremendous tax-saving strategy. Securities include stocks, bonds, mutual funds, GICs and more.
Life Insurance Transfer an existing policy to Red Deer Hospice or purchase a new policy, naming Red Deer Hospice as the owner and beneficiary. Some gifts are eligible to receive a charitable tax receipt for premiums paid on the policy.
Gift Plus Annuities allow you to donate a significant gift to support Red Deer Hospice and receive income for the rest of your life. Annuities often provide a better rate of return than regular GICs, and savings payments are unaffected by changes in the economy.
Endowments establish a fund where the capital remains invested, and the income (or interest) is used on an annual basis.
RRSPs and RRIFs that are left unused are taxed as ordinary income. However, by gifting your unused RRSP/RRIF to Hospice, the tax receipt received can offset taxes owing on your estate.
Still need more information? Let us help you get started with the following resources:
Securities Unlike other gifts of property, donors of publicly-traded securities pay zero capital gains tax and receive a tax receipt for the full value of the shares. This is a tremendous tax-saving strategy. Securities include stocks, bonds, mutual funds, GICs and more.
Life Insurance Transfer an existing policy to Red Deer Hospice or purchase a new policy, naming Red Deer Hospice as the owner and beneficiary. Some gifts are eligible to receive a charitable tax receipt for premiums paid on the policy.
Gift Plus Annuities allow you to donate a significant gift to support Red Deer Hospice and receive income for the rest of your life. Annuities often provide a better rate of return than regular GICs, and savings payments are unaffected by changes in the economy.
Endowments establish a fund where the capital remains invested, and the income (or interest) is used on an annual basis.
RRSPs and RRIFs that are left unused are taxed as ordinary income. However, by gifting your unused RRSP/RRIF to Hospice, the tax receipt received can offset taxes owing on your estate.
Still need more information? Let us help you get started with the following resources:
- Sample Bequest Language in order to include Red Deer Hospice in your Will
- Letter of Direction in order to transfer securites to Red Deer Hospice
- Information on how to provide a gift of Life Insurance
- The benefits of Purchasing a Charitable Gift Annuity
- Information on how to establish a Memorial Endowment to honour your loved one