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Leave a lasting legacy for the future by making a planned gift and join the exclusive Latcham Society. A legacy gift is simply planning to make a difference with your donation by making a commitment to the future. These gifts allow donors to realize their philanthropic objectives while maximizing tax and other financial benefits.

Your legacy gift will strengthen the long-term financial security of the hospital and will ensure that it has the resources needed to provide the best healthcare - today, tomorrow and well into the future.

There are several ways you can create a lasting legacy in support of Markham Stouffville Hospital. The option you choose depends on your unique circumstances and financial objectives. The most common options include:

Bequests

An easy way to leave a legacy is a bequest where you remember Markham Stouffville Hospital in your will. A bequest has no financial impact on your current standard of living because it is realized after your death. Your bequest will result in a charitable tax benefit for your estate. You can provide cash, securities and other property or set aside a specific amount or percentage of your estate. Whatever method you select, we would be please to provide the appropriate wording for you and your lawyer.

Life Insurance Policies

A gift of life insurance, properly structured, has many advantages. When paid directly to the hospital, life insurance is not subject to probate or executor fees. Your regular payments entitle you to charitable tax receipts and tax savings. Whether a new policy or an existing one, arranging to have the owner and beneficiary as the Markham Stouffville Hospital Foundation will ensure a charitable tax receipt can be issued for the cash value contained in the policy, as well as any premiums paid thereafter.

Marketable Securities

A donation of publicly listed securities can easily be transferred as a gift now or through a bequest in your will. The tax savings on gifts of securities can be significant. You will receive a charitable tax receipt based on the value at the time of transfer, as well as the added benefit of not having to pay personal income tax on the capital gains realized on the security.

Registered Retirement Plans

Registered Retirement Savings Plans (RRSP’s) and Registered Retirement Income Funds (RRIF’s) provide an excellent opportunity to make a significant charitable gift.

You can make a future gift to the hospital while greatly reducing taxes by naming the Markham Stouffville Hospital Foundation as a full or partial beneficiary of your excess retirement funds that remain after your lifetime. A charitable receipt will be issued for the full value of the proceeds and the resulting tax credit can help offset the amount of estate taxes to.

Real Estate
Gifts of real estate can be donated resulting in larger gifts than could be funded out of cash assets. There can be significant tax benefits to the estate.

  Become A Legacy Donor - Plan To Make A Difference

For more information please contact:
Rosanna Petricca
Director of Development
905-472-7579
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