Your gift will shape healthcare tomorrow
You have the power to create a better tomorrow for your family—your children, and grandchildren long after you’re gone. By leaving a gift in your will to The Ottawa Hospital, you will be helping to shape the future of healthcare. It’s an extraordinary opportunity that you will give future generations – just imagine your legacy.
“We all want to get the very best medical care when we need it most. We want to be treated by the very best doctors and benefit from the latest research breakthroughs – especially in the area of cancer care. I feel a deep satisfaction knowing that whenever I go from this world, that I will continue to do good work through my bequest to The Ottawa Hospital Foundation.”
– Sheila, living bequest donor
Inspiring stories of leaving a legacy
Today, we can offer life-saving therapies and treatments, because forward-thinking Ottawans chose to remember The Ottawa Hospital with a gift in their will. Those gifts funded the research, purchased the equipment and built the care teams that are saving lives, right here in Ottawa — every single day.
We work closely with financial advisors, accountants, and lawyers, and can assist you and your client with making a planned gift to The Ottawa Hospital. Here is some important information you may find useful about leaving a gift to The Ottawa Hospital Foundation.
Our team would be delighted to speak with you about your estate plans–whether you’re just starting to think about your will, looking to update an existing will, or in need of more information.
We’re here to provide you with the guidance you need to leave a gift in your will to The Ottawa Hospital. Here are some easy steps to write your will.
Do you have questions about remembering The Ottawa Hospital with a gift in your will? Here are answers to some of the most commonly asked questions.
Legacy of Care Society
The Legacy of Care Society celebrates the remarkable people who have made a gift today that will save lives tomorrow.
Other ways to leave a legacy
While a gift in a will is by far the most common way to include The Ottawa Hospital in your estate planning, it isn’t your only option. We suggest you work with your professional advisors to choose the giving vehicles that makes the most sense for you, your loved ones, and your estate.
With a gift of life insurance, you can make small payments today that will add up to a very generous gift in the years to come. There are several ways to do this, including:
Transfer an Existing Policy to The Ottawa Hospital Foundation: You can name the Foundation as the owner and beneficiary of a policy you already own. You will be eligible for a donation receipt for the cash value of the policy and for any premiums you continue to pay.
Transfer a New Policy to The Ottawa Hospital Foundation: You can buy a new policy and name the Foundation the owner and beneficiary. You will receive a tax receipt for the premiums paid each year.
Name The Ottawa Hospital Foundation as a Direct Beneficiary: You may retain ownership of your policy and name The Ottawa Hospital Foundation as the direct beneficiary. Upon your death, your estate will be eligible for a donation receipt equal to the proceeds of the insurance. You do not receive a tax credit for current premium payments.
You may choose to designate The Ottawa Hospital Foundation as a beneficiary of a registered fund, like an RRSP or RRIF, or even a TFSA. Since income from those funds is taxable upon death, donating the funds creates a donation credit that can almost eliminate the taxes.
There are two ways to make this type of donation–designating The Ottawa Hospital Foundation as the beneficiary or donating the proceeds of the fund through your will. Ask your advisor which option is best for you.
A charitable annuity guarantees you tax-free income for life in exchange for a charitable donation. You make a sizable gift to The Ottawa Hospital Foundation using cash, securities, or possibly other assets. In return, you receive a fixed stream of income from us for the rest of your life. Your initial donation will be eligible for a tax receipt as well.
Other life income options include charitable remainder trusts and a gift of residual interest. We strongly recommend you consult with your financial advisor if you are considering a donation of life income gifts to the Foundation.