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Research, the heart of health care

Frequently asked Questions and Answers about Leaving a Legacy.
 


Q.
How do I leave a gift for the North Shore Health Research Foundation?

A.
It's easy. You can arrange for a gift in several ways, the most common being a charitable gift through a bequest in a will.  Many people set aside a certain dollar amount. Others leave a percentage of their estate or any assets left over after their family has been provided for.
 

Q. Some people donate something they own, like a car or their home. Others leave a paid up life insurance policy, securities, retirement account or other financial investment. Must I have an estate in order to leave a gift?

A.
Everyone can leave a gift. "Estate" is simply a word used to describe everything that you own at the time of your death. Most people leave an estate when they die, even though they may not have a great deal of wealth.

Q. But do I have to include my wish to leave a gift to the North Shore Health Research Foundation in my will?

A.
A charitable bequest will not take effect unless you state your intention in your will. Without a will, you lose control over your property after death. Your property and finances are settled according to provincial laws whether or not they coincide with you and your family's wishes.

Q. Do I tell the North Shore Health Research Foundation that I've left a gift?

A.
That is up to you. We certainly would like to know in advance so we can recognize your generosity. We can also tell you about opportunities for giving for a specific purpose.

Q. How do I leave a gift in memory of a person?

A.
A gift is a wonderful way to recognize someone who has made a difference in your life. This kind of memorial gift can be made in cash at any time or arranged in your will. You just need to make it clear that the gift is given in memory of a particular person.

Q. Who can help me arrange for a gift?

A.
We suggest you contact a professional advisor - like a financial or estate planner, lawyer, accountant, trust officer or insurance agent - please talk with him or her about leaving a gift. A professional advisor can tell you about the tax benefits of planned gifts. An advisor can make sure you are getting the maximum tax and legal advantages allowed for your gift. If leaving a legacy is of interest to you, take the next step. Think about the North Shore Health Research Foundation.  Perhaps you or someone you know has benefited from our programs or services. Maybe you're a volunteer member or believer in our mission. You might want to leave a gift in memory of a loved one or for a certain use. If you need more help or you need to know more about us before leaving a gift, please give us a call at (604) 984-4222. We would be happy to explain more about our programs and services or to help you get in touch with a financial advisor.

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