A legacy gift can enable you to provide a larger donation to a cause you believe in and often receive significant tax savings for your estate. Legacy gifts also continue to give long after the donors have passed away, often enabling them to give much more than they could have during their lifetime.

Why are legacy gifts important? How do they differ from annual campaigns?
 Both are important. Annual campaigns are designed to meet immediate, specific goals, such as developing the new operating rooms and putting innovative equipment in the hands of the surgeons. Legacy gifts are often invested, not spent, and this helps to provide long-term financial stability and enables us to weather economic downturns when charitable donations can drop.

Of course. In fact, a significant portion of the Foundation’s capital fund comes from people who have lived their lives in relatively modest circumstances, but considered it important to leave a legacy. They have created endowments or made bequests of RRSPs or RRIFs, or even publicly traded securities.

Absolutely. To encourage more philanthropic giving, the federal government has changed the tax treatment of charitable gifts. In many cases, legacy gifts can be structured to create tax savings or even to take advantage of generous tax credits. This means you can make a legacy gift to the Saanich Peninsula Hospital & Healthcare Foundation while ensuring the amount you wish to leave to your children and grandchildren is unchanged.

Our role is to explain why your legacy gift is important and how it will benefit the hospital. While we will be delighted sit down and outline the ways in which you can provide a legacy, if you do decide to pursue that opportunity, we will encourage you to work with your lawyer, your financial advisor – and to talk it over with your family. 
The Saanich Peninsula Hospital & Healthcare Foundation is able to receive many types of legacy gifts, including bequests, securities (or shares), and remainder trusts.