Leaving a Legacy or Bequest

You don’t have to be wealthy to leave a bequest or gift.  You can give as much or as little as you want – every gift makes a difference!  Here are examples of the most common types of bequests, and sample language to include in your will.

For information on bequests and other specialized ways of giving, without any obligation, please contact Nadine Fowler, 721-4700 ext 5609, nfowler@qch.on.ca.

BEQUESTS

Specific Bequest A gift of a specific amount of money or a particular asset

“I give the sum of $________ (dollars) to Queensway Carleton Hospital Foundation in the City of Ottawa, Province of Ontario, Canada.”

OR

“I give my shares of XYZ stock to Queensway Carleton Hospital Foundation in the City of Ottawa, Province of Ontario, Canada.”

Residual Bequest A gift of all or a percentage of whatever remains (the “residue”) after other terms of the will have been satisfied.  With this type of bequest, your gift remains proportionate as your estate increases or decreases in value over time.

“I give the rest, residue and remainder of my estate [or ___ % of the residue] to Queensway Carleton Hospital Foundation in the City of Ottawa, Province of Ontario, Canada.”

Contingent Requests This type of bequest allows you to leave a portion of your estate to the hospital if other beneficiaries do not survive you.

“If [name of beneficiary] does not survive me, or shall die within thirty days from the date after my death, I give Queensway Carleton Hospital Foundation, City of Ottawa, Province of Ontario, Canada, ___ % of the residue of my estate [or $____ ].”

Named Funds If you would like your gift to be used for a specific purpose, or to establish a lasting or named fund, we encourage you to contact Nadine Fowler, nfowler@qch.on.ca or 613-721-4700 x5609 to discuss wording that will respect your wishes, and ensure your gift has meaningful impact on patient care.

To notify our office that you have planned a gift in your will, please contact Nadine Fowler, or use this form QCH Bequest Statement of Intent (PDF).  Any information you share with us will be kept in the strictest confidence.

We encourage you to discuss your wishes with your own legal and financial advisors.  Their professional recommendations will help you plan a gift that is appropriate to your financial situation and ultimate goals.

Gift of Shares or Securities

Gift of Securities, including publicly listed shares, mutual funds or bonds can be donated directly to QCH Foundation.  You will receive a tax receipt for the closing market price on the day they are transferred into our account.  When you gift shares to a charity, you do not pay any taxes on their capital gains.

To donate shares, please contact Judith Scott at 613-721-4700 ext 1063, jscott@qch.on.ca, and have your broker or financial advisor complete this form:  Letter of Direction to Gift Securities  (PDF)

RRSPS and RRIFS   You can name QCH Foundation the beneficiary of your RRSPs or RRIFs.  The fair market value of the fund at the time of your death will qualify for a charitable donation tax credit.  In addition, the gift will be deemed to have been made immediately before your death, and will not be included in your estate for the purposes of calculating probate fees.

Gifts of Life Insurance By naming the QCH Foundation the beneficiary of a new or existing life insurance policy, you can provide a significant future gift to QCH Foundation at a very modest, present cost to you.  When the Foundation receives the proceeds, a tax receipt will be issued for that amount to the owner of the policy (usually the insured individual’s estate).

You may also transfer the ownership of a policy to QCH Foundation and receive tax receipts for its fair market value, and any premiums you subsequently pay.

A Gift Annuity is a contract between you and QCH Foundation.  In the contract you make a donation in exchange for an immediate tax receipt, and a guaranteed lifetime income (or income for a specific period of time). The annuity rates depend on your age, but they will normally be higher than GIC interest. Moreover, a portion of your annuity payments, (100% in some cases,) will be paid out tax free.

For information on bequests and other specialized ways of giving, please contact Nadine Fowler, 721-4700 ext 5609, nfowler@qch.on.ca.