Become legendary with a heartfelt planned gift. You have that power.

A planned gift allows you to make a meaningful charitable gift in the future to realize your philanthropic goals, while balancing personal, family and tax considerations. Planned giving is the vehicle for donors whose future dream of giving is larger than what they can give today.

Planned gifts offer substantial tax savings to donors and can reduce income tax and avoid capital gains tax. This affords you the ability to support an organization in a meaningful way without giving an outright large gift.

Your gift can support research, patient care, equipment acquisition, program support and many other areas of the JGH.

There are many ways to give, the most common of which is a simple bequest in your will, representing about 90% of all gift planning in Canada. You can give a larger gift with no impact on lifetime cash flow, there is a tax savings/credit upon death, and there may be recognition in your lifetime.

This includes stocks, bonds, mutual fund units and shares, exchanged shares and securities. (N.B. The securities must be listed on a designated stock market.) Capital gains taxes on shares, bonds or mutual funds are eliminated upon donation.

Employee stock options are a common form of compensation. Donors can exercise the option, donate the stock and then take advantage of the elimination of any benefit income while supporting their philanthropic objectives. (N.B. The option must be donated within 30 days of exercise and within the same year they were received.)

As this type of gift is “outside the will”, this is a good option for those who want to protect their privacy regarding gifts. The designation will not become public knowledge and cannot be contested by other beneficiaries or heirs. To name a beneficiary, the donor simply needs to call their plan administrator and fill in the required form.

This is a relatively simple way to realize your philanthropic desire to support the JGH. You could take out a new policy naming the JGH as beneficiary. You will receive a charitable tax receipt for the cash value of the policy as well as for any premiums you pay. This is an attractive way to realize additional value beyond the useful period of life insurance. As well, depending upon the circumstances, the JGH Foundation may be interested in taking over the payment of premiums for a life insurance policy that you no longer need. You would receive a charitable tax receipt for the cash value of the policy.

This is a contract that provides the donor with a fixed income stream for life in exchange for a sizeable donation to the JGH. In return, the donor is eligible to take a partial tax deduction for the donation, plus you receive a fixed stream of income for the rest of your life. Though younger donors can benefit as they will receive smaller payments for a longer period, this type of giving is most beneficial for donors aged 68 and older.

Most appropriate for donors aged 70 and over, a charitable remainder trust is an irrevocable transfer to a trust, either during the donor’s lifetime or through a will. Usually the trust pays an income to the designated beneficiaries during their lifetime and the remainder is then transferred to the JGH.

The Legacy Circle | 1934 Society is the Foundation’s way of honouring your generosity and commitment toward ensuring continued excellence in healthcare, in your lifetime. A special Legacy Circle | 1934 Society Donor Wall beautifully displays the names of all those who have provided or who plan to provide a legacy gift to the JGH Foundation. Legacy donors are also recognized on the Foundation’s website and in its publications, as well as being invited to special events during the year. Naturally, requests for anonymity will be respected.

Have you already included the Jewish General Hospital Foundation in your long-range financial plans or will?

On behalf of the many lives you are impacting, we thank you, and invite you to please notify us of your plans so that we can properly acknowledge your thoughtfulness in your lifetime and ensure that your wishes are fulfilled.