Wills & Charitable Bequests

Remembering St. Joseph’s Hospice in your will is an act that is generous, powerful, and surprisingly simple. It allows you to leave a gift while still retaining control of your assets. You can leave a piece of property, securities, cash, or even a percentage of your estate. Your estate will receive a charitable tax receipt that can lower or even eliminate estate taxes.

Insurance Policies

Insurance Policies provide an easy way to make a significant future gift without reducing the value of your estate. Have the Hospice named as your owner or beneficiary of an existing or new policy. You receive a tax receipt for the cash surrender value (if any) of the policy and further receipts on future payment of premiums.

Alternatively, you may simply name St. Joseph’s Hospice as the beneficiary of your insurance policy and at the end of your lifetime, the proceeds are received by the Hospice and a donation receipt is issued to your estate.

Gifts of Retirement Funds

You may wish to leave to St. Joseph’s Hospice some or all of the funds in your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF). It’s as simple as naming St. Joseph’s Hospice as a beneficiary.

Charitable Remainder Trusts

Through Charitable Remainder Trusts, assets are transferred to an irrevocable trust with a trustee to manage the assets. On termination of the trust, St. Joseph’s Hospice receives the remaining assets. The advantage is that you receive an immediate tax credit for your future donation.

Charitable Gift Annuities

Charitable Gift Annuities allow you to make a contribution to the Hospice and in exchange, you receive guaranteed lifetime annuity income. Depending on your age, this income will be partially tax-free or even fully tax-free.

Gift of Securities

By donating publicly traded securities, you eliminate the capital gains tax that you’d have to pay if you sold the securities and then donated the proceeds. You’ll also receive a charitable tax receipt for your donation.

Securities can include stocks, mutual funds, segregated funds, bonds, flow-through shares, and employee stock options. You can give now, or as part of your estate and will planning.