“We know a well thought-out estate plan is important. We want to ensure our money will make a difference and don’t want to leave it up to someone else to make those decisions.”
– Deb Duncan, HRF Donor
Gift in will is the most popular type of Legacy gift and can take many forms, including life insurance or RRSPs. Anyone can impact the patients of tomorrow through a gift in will, whatever the size of their estate.
Endowments are another way you can help plan for the needs of tomorrow. Endowments save for priority needs identified years from now that we can’t even imagine today.
However you choose to leave a legacy, you will be recognized as a member of our Legacy Society.
We understand that making a legacy gift is an important decision that requires careful planning. Contact us at 306-781-7500 if you have questions about legacy giving. Sample Will language is also available for you and your advisor.
Are you thinking about leaving a legacy for your community? Why not a leave a legacy of caring that would change many people's lives?
For gifts made to Hospitals of Regina Foundation through your will, your estate will receive a charitable tax receipt and may claim up to a maximum of 100 per cent of income in the year of your passing.
There are many options on how to make a legacy gift. For example, you may want the Foundation to receive all, or a portion, of whatever remains from your estate after debts, taxes, administrative expenses and specific bequests have been paid. Or perhaps your wish would be for the Foundation to receive all, or a share, of your estate only in the event that other beneficiaries have passed away by the time your will is read.
Your legacy gift can also take many forms. You may choose to donate life insurance to the Foundation as a way to provide a significant gift at a relatively low cost. Or you may prefer to designate the Foundation as a beneficiary under your RRSP or RRIF, which can reduce the amount of income tax payable on these assets.
There are also charitable gift annuities, gifts of residual interest, and charitable remainder trusts that might work for you.
However you choose to give, we are committed to working with you, your family, executors and/or financial planners to ensure your charitable wishes are realized.
Caring for Life Endowment
Just as with our own personal savings and retirement plans, the Foundation must plan today for the needs of tomorrow. The Caring for Life Endowment allows us to do that. The Fund supports the purchase of the most urgently-needed medical equipment for Regina's hospitals, and saves for priority needs identified years from now that we can’t even imagine today.
How does the Caring for Life Endowment work?
The Caring for Life Endowment Fund acts like a registered savings plan for Hospitals of Regina Foundation. It ensures long-term financial stability, while providing ongoing support for our hospitals.
A donation to the Fund is a gift that is not spent. Instead, it is prudently invested to generate earnings. Each year, a portion of the earnings is used to support identified priority areas in Regina’s hospitals, while the rest of the income is reinvested to build the Fund. In this way, the contribution continues to have an impact long after the initial gift is made, and you can be assured that your donation will always be put to the very best, and most needed, use. It truly is the gift that keeps on giving.
For a minimum donation of $25,000 to the Caring for Life Endowment Fund, you will receive annual updates on the impact your contribution is making. Donations may be pledged for payment over a period longer than one year and can be financed in many ways.
The Hospitals of Regina Foundation's Legacy Society recognizes the generous individuals who have made a lasting gift to Regina's hospitals by remembering Hospitals of Regina Foundation in their will or as the beneficiary of their life insurance policy.
We pay tribute to our Legacy Society members whose generosity will provide health-care enhancements for future generations.
- Subscription to the Foundation’s publications
- Name recognized on the Hall of Honour at Regina General Hospital
- Invitation to our annual donor recognition event
- Invitations to tours and lectures
The Foundation understands donors may consider their legacy gift to be confidential and prefer to remain anonymous. Recognition is made only with a donor’s permission; you may choose to be recognized privately, without public recognition.