Legacy

Leaving a Legacy

Whether retirement is no longer a distant destination, or you are sitting down for the first time to begin planning for your family’s future, preparing a will can cause us to look back over what we have accomplished in our lives and think ahead to determine what more we can do for causes we believe in and organizations we care about.

One of the most significant decisions we can make is how to structure our estates to make best use of our assets. This enables us not only to provide for our descendants, but also to make a positive and lasting difference to the world they’ll inherit.

Please contact Executive Director, Karen Morgan to find out how you can help provide outstanding care well into the future.

The Saanich Peninsula Hospital Foundation has developed a legacy program to provide an opportunity for donors to establish legacy gifts. Here you’ll find answers to questions that people have often asked when they first begin to explore legacy giving.

As with most donations, legacy gifts come from the hearts of patients or family members who have had a meaningful experience with the hospital. Maybe a parent, spouse, close friend or relative has received exceptional care from medical staff at the Saanich Peninsula Hospital. People feel a strong desire to ensure staff can continue to provide the same outstanding level of care to other patients right here in the community, and into the future.

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 life insurance policies, 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 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 Foundation is able to receive many types of legacy gifts, including bequests, securities (or shares), life insurance and remainder trusts.

You should always consult your legal or financial advisor before making a legacy gift. However, we are always happy to supply you with information about how you can accomplish your legacy giving objective.
78328

Donations

There is strength in numbers. Join our gracious community and donate now.

78328

Donations

There is strength in numbers. Join our gracious community and donate now.

25

Fundraising Campaigns

From CT Scanners to Operating Rooms, our community members have made our campaigns a success. Learn about our current campaign.

25

Fundraising Campaigns

From CT Scanners to Operating Rooms, our community members have made our campaigns a success. Learn about our current campaign.

31

Years in Operation

In 1985, a group of concerned citizens came together to raise funds for the fledgling Saanich Peninsula Hospital. Find out more…

31

Years in Operation

In 1985, a group of concerned citizens came together to raise funds for the fledgling Saanich Peninsula Hospital. Find out more…

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