Hundreds of people make donations every year to keep hospital care local, but only those deeply committed to staying put in our rugged landscape will leave a gift in their will to ensure the same privilege of local hospital care for the next generation.
When you leave us a gift, we invest it in our Forever Fund and issue your Estate a charitable tax receipt. The Forever Fund promises to ensure local hospital care for the next generation by safely investing your gift but annually using the income it provides to buy priority items on the Hospital’s medical needs list.
It’s a win/win as a gift in your will may result in a significant tax savings to your Estate in the year of your death and the preceding year. One of our donors says a charitable gift in the will ‘is like directing your taxes to the hospital for local care, rather than sending it to the government as a death tax!’ To help draft your will, here is a list of Sample Will Clauses for you and your lawyer to contemplate.
Upon receiving your gift, we will honour you on our Cascade of Caring Wall in the Atrium of the West Parry Sound Health Centre.
To send us an Interac E-Transfer please follow your banking institutions instructions.
We are set up with automatic deposit and there is no security question required.
Please send your Interac E-Transfer email@example.com include your full mailing address in the Comments/Additional Notes section so we are able to issue a tax receipt.
Other Planned Gifts
An in-kind gift is a donation other than cash. You may wish to donate something of value, for instance artwork, antiques, securities, real estate and receive a charitable tax receipt for the value of the gift. For tax evaluation, the appraisal of a recognized expert or professional is required before a receipt is issued. If the West Parry Sound Health Centre cannot use the donated item, the Foundation may elect to sell it and use the proceeds.
Charitable Remainder Trust
A charitable remainder trust allows the donor to donate assets to the West Parry Sound Health Centre Foundation while receiving earnings payments from the Foundation during his/her lifetime for a set number of years. Upon the donor’s death, the ‘remainder’ of the gift reverts to the West Parry Sound Health Centre Foundation. There are revocable and irrevocable charitable remainder trusts with different tax implications for the donor.
Charitable Residual Trust
A little bit of, “Having your cake and eating it too.” The donor donates property to the West Parry Sound Health Centre Foundation and continues to use it during his/her lifetime. For example, the owner of a cottage donates the land and buildings to the Foundation and continues to live in or use the property until death.
RRSP & RRIF
Registered Retirement Savings Plans and Registered Retirement Income Funds
Gifts made through registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) are a popular way to offset taxes owing at the time of death.
When you name The West Parry Sound Health Centre Foundation directly as beneficiary, your estate will save probate fees. Your gift is treated as a charitable donation in the year of death and is eligible for a tax credit on your final tax return, and/or the one immediately preceding the final return. The tax credit may completely offset the taxes payable on the proceeds.
For more information, contact us or call 1-888-262-0436.
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The West Parry Sound Health Centre Foundation is dedicated to supporting extraordinary health care by raising funds for technology, patient care and education. The generous support of our friends and community is the key to our continuing success. Click your subject below to begin an email to update the selected information.
Donors give to UK Fund for Charities because they know that we have expertise in international giving. They value our technical evaluation of non-UK charitable organisations and our knowledge of the UK legal system and charity laws.
You can make a donation to the UK Fund for Charities and recommend one of its International Programme members to receive a grant. Or, you can tell us about a nonprofit organisation you would like to support and the UKFC will verify that they are a suitable organisation to receive grants.
UK taxpayers, regardless of residency or nationality, can make donations to the UK Fund under Gift Aid. Higher rate taxpayers should include all Gift Aided donations on their Self Assessment tax return in order to receive any tax relief due or they can donate this tax relief too.
To find out more information about CAF America pleaseClick Here.
CAF America is a global grantmaking organization assisting corporations, foundations, and individuals. We streamline the grantmaking process to eliminate risk and administrative burden.
US donors cannot give directly to foreign charitable organizations and obtain a tax deduction. As a US public charity, CAF America is able to accept funds from US donors who can then recommend that CAF America use those funds to support foreign charitable organizations or projects. We enable donors to support the causes they care about by assisting them in making strategic, effective, and tax-advantaged grants internationally and domestically.
As a US 501(c)(3) public charity, gifts to CAF America are tax deductible to the fullest extent of the law. Since US donors are not able to make tax deductible gifts directly to foreign organizations, many use CAF America to fulfill their global giving objectives while still obtaining a tax advantage.