Legacy giving is important because it creates a vision of hope for the next generation. Your donations help today’s sick kids but they also help ensure the advanced treatment and diagnosis for future patients impacting health and care of the next generation.
We recommend you speak with your family about your legacy giving intentions and consult your financial and legal advisors prior to including a charitable donation in your financial and estate planning.
Ways to Leave a Legacy
A specified gift in your will is known as a charitable bequest, is one of the ways to make a gift to Jim Pattison Children’s Hospital Foundation. It can be a certain sum of money, specific asset(s), or part of an estate. Some benefits of a bequest to the Foundation include tax savings in the year of your death and no reduction on your present income or savings.
Gift of Life Insurance
The donation of a new life insurance policy or adding Jim Pattison Children’s Hospital Foundation as a beneficiary of an existing policy provides the opportunity to make a substantial contribution while providing you or your estate with potentially significant tax benefits.
Registered Savings Plans
Naming Jim Pattison Children’s Hospital Foundation as a beneficiary on your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RIFF) allows you to donate all or a portion of your retirement savings to the Foundation.
Endowment funds are a way to make a significant gift and create a continuous stream of income for Jim Pattison Children’s Hospital Foundation. Funds can be designated for general use by the Foundation or to a named fund for a specific use.