Join our "Legacy Society"
The Building a Bridge to the Future "Legacy Society" recognition wall honours those individuals who have made provisions for a future gift to the SAH Foundation.
In view of the fact that these gifts are not received during a donor's lifetime, membership in the Legacy Society gives the Sault Area Hospital Foundation the opportunity to appropriately recognize their gift today.
Donors do not have to advise us of the level of their gift, simply making us aware that they have left a provision of their estate plans is all the information we require.
"The true meaning of life is to plant trees, under whose shade you do not expect to sit."
Establishing a legacy gift with Sault Area Hospital Foundation will do lasting good, well into our community's future while allowing you to optimize tax and other financial benefits today.
The true value comes from the satisfaction of knowing that you are making a gift with a lasting legacy - outstanding care for generations to come.
IMPACT THE FUTURE OF CARE
Bequest / WillA bequest is a gift of cash or property included in your will. This can be put in when you create your will, or by adding an appendix to your will. It can be a specific amount, a portion of the residue of your estate (what's left after all debts/expenses are settled), or it can be deferred until after the death of your spouse or partner.
Charitable Gift Annuity / Charitable Remainder TrustYou can make a gift to SAHF and increase your future income at the same time. In both charitable gift annuities (CGAs) and charitable remainder trusts (CRTs), the donor transfers assets to SAHF in exchange for regular income payments. The donor receives a tax deduction and other potential tax savings. The remaining funds transfer to SAHF upon the death of the final income beneficiary. CGAs offer the security of fixed payments to one or two annuitants. CRTs provide variable payments to beneficiaries but can offer a greater return with income for a lifetime, a term of years, or a combination of the two.
EndowmentMoney that is donated to be permanently invested. The interest generated is spent each year and the original investment remains untouched.
Gift of Residual InterestAn arrangement where a donor irrevocably gives real estate or personal property to a charity while retaining the right to use the property for life or for a term of years. Upon the donor’s death or expiration of the term of years, the donor’s right to use the property ceases, and SAHF is given complete control of the property.
Life InsuranceAllows you to make a large gift in the future by paying relatively small premiums now. You can name SAHF as the owner or beneficiary of either a new or existing life insurance policy. Annual payments of life insurance premiums are elligible for a charitable tax receipt.
RRSP / RRIFYou can name SAHF as the beneficiary of your RRSP / RRIF - which means the full fair market value of this investment would be transferred to SAHF upon your death.
SecuritiesYou may choose to give stocks, bonds, futures and options as well as mutual fund shares - to learn more about giving securities, go to "Gifts of Securities".
WAYS TO MAKE A LEGACY GIFT
This page is intended to provide you with general information on planned giving options. Always consult the appropriate legal/financial advisor when planning your gift.