Will bequests, gifts of securities and insurance gifts are thoughtful ways for you to play a larger role in supporting Hospice Georgian Triangle’s future while leaving a legacy.
“The population of our community is aging, and we want to be able to serve as many people as possible in the future,” said Sandra Sullivan, Executive Director of Hospice Georgian Triangle Foundation.
About Hospice Georgian Triangle Foundation
Hospice Georgian Triangle Foundation's mission is to raise and steward the funds that enable Hospice Georgian Triangle to provide exceptional hospice palliative care, respite care, pain and symptom management and specialty programs, including grief and bereavement support.
They provide compassionate care in the home, at Campbell House, in the community, and at our downtown Collingwood location for individuals and families dealing with life-limiting illnesses living in the communities of Blue Mountains, Clearview, Collingwood and Wasaga Beach.
Hospice Georgian Triangle's Hurontario Street location in Collingwood provides pain and symptom management and community programming. Care programs come at no cost and focus on the patient's and family's physical, emotional, and spiritual needs, enhancing the quality of life.
Plan your estate by making a legacy gift
Making a legacy gift to Hospice Georgian Triangle Foundation is a way to help ensure that this organization survives into the future, said Sullivan.
And there are many ways to do it: gifts of securities, gifts of life insurance or gifts of RRSP/RRIF funds. Leaving a gift in your will allows you to make a meaningful investment in the future of hospice care in our community while providing substantial tax benefits as part of a long-term financial plan.
“When you make a gift of stock directly to a charity in your will, your estate is not taxed on the capital gain,” said Sullivan.
“Let's say you bought a stock for $1, and it appreciated to $5. When that stock is sold, taxes are paid on the $4 capital gain. But, if you take that stock worth $5 and donate it to charity, tax is not paid on that gain. It's a win-win because you have turned your $1 investment into a $5 gift to a charity.”
Making a gift to Hospice Georgian Triangle Foundation in your will is simple, and you still retain control of your assets. You can bequeath cash, securities, property or even a percentage of your estate. And better yet, your estate receives a charitable tax receipt that can decrease (or even eliminate) estate taxes.
If you’re considering making a planned gift, you may wish to begin by having a conversation with your family and with your lawyer about creating or updating your will. Hospice Georgian Triangle Foundation is here to help answer any of your questions.
Hospice Georgian Triangle Foundation even has suggested wording you can use in your will.
Henning legacy in our community
Mike and Pat Henning believed hospice palliative care was necessary for the critically ill and their families. They wanted to assist the dying and their loved ones during their final days.
In their final will, the Hennings left a bequest to the Hospice Georgian Triangle Foundation. It was the second-largest gift in Hospice's history. It will ensure the future of hospice palliative care in our community.
Now, their spirit of giving will live on, transforming lives for generations to come.
“It has an incredible impact because when a gift comes in from somebody's will,” Sullivan said. “So, five, 10, 25 years down the road, that gift comes to the organization, ensuring the organization's future — supported by the person making their gift.”
Each legacy gift offers its own tax and financial benefits. They encourage you to speak to your financial advisor or lawyer or contact us to learn more.