Rotator graphic - What's your legacy?

What Will Be Your Legacy?

We all wonder how we will be remembered. We want to feel like we’ve contributed something to the world. Leaving a legacy gift is a way to add meaning to your life and ensure that your memory lives on into the future. What many people do not realize is that you can provide for your family in your will while also leaving a gift that can make a difference in the lives that follow.

When you make a legacy gift to Hamilton Health Sciences Foundation, you are making a statement about your commitment to the future of health care in this community. Through the generosity of our donors, we fund hospital redevelopment projects, purchase vital medical equipment and invest in leading-edge research and education. Your gift to Hamilton Health Sciences Foundation will leave a legacy that will benefit generations to come.

Ways to leave a legacy gift

Will/Bequest

The most common type of legacy gift is a charitable bequest made in a will, which can take the form of cash, securities, assets or donation of your estate.

Will Clauses

Bequests can be endowed or given as an outright cash gift. For endowed bequests, the capital will be invested and only the interest will be used annually to fund a particular hospital or program.

Endowment Clause

The following wording is recommended for endowed gifts:

“I give to Hamilton Health Sciences Foundation, currently located at 1 King Street West, Suite 702, Hamilton, Ontario L8P 1A4 ____ {percent of the residue or a specific amount} of my estate. It is my wish that these funds, if practical and possible, be endowed for {name of hospital} programs as determined by the Board of Directors of the Hamilton Health Sciences Foundation from time to time.”

Outright Gift Clause

The following wording is recommended for outright gifts:

“I give to Hamilton Health Sciences Foundation, currently located at 1 King Street West, Suite 702, Hamilton, Ontario L8P 1A4 ____ {percent of the residue or a specific amount} of my estate. It is my wish that these funds, if practical and possible, be directed as an outright gift (not endowed) to be used for {name of hospital} program as determined by the Board of Directors of Hamilton Health Sciences Foundation from time to time.”

Charitable Gift Annuity

Charitable gift annuities allow a donor to make a donation of cash or investments to a charity while also providing a guaranteed fixed income to the donor for life. The key with a charitable gift annuity is determining the amount of after-tax income you require.

Life Insurance

Charitable donations can be made through a life insurance policy in one of three ways:

  • Donating an existing life insurance policy, naming Hamilton Health Sciences Foundation as the owner and beneficiary of the policy;
  • Purchasing a new policy designating Hamilton Health Sciences Foundation as the owner and beneficiary; or
  • Donating a policy through your will naming Hamilton Health Sciences Foundation as beneficiary.

RRSPs/RRIFs

Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) are additional options for legacy giving that allow you to designate the charity of your choice as the sole or partial beneficiary.

Gift of Securities

Stocks, bonds and other securities can be donated through your will or at any time. The amount of the charitable tax receipt is based on the market value of the securities the day The Foundation receives the funds.

To learn more about Legacy Giving options, contact Carrie Gemmell at gemmellc@hhsc.ca or 905-521-2100 x66383

Additional Information

Leaving a Legacy Gift Because “It’s the Right Thing to Do”

Sheila and Alan O’Brien

The importance of supporting McMaster Children’s Hospital Foundation hits close to home for Alan and Sheila O’Brien of Vineland. Without the specialized care provided by McMaster Children’s Hospital, two of their grandchildren might not have grown to reach the ages of 16 and 12 respectively.

“When we were doing our Will about three years ago, we decided that we would leave a legacy gift. It was always our intention, but we decided to make it more formal in case something happened to us.”
Alan O’Brien

Leading by Example

Dr. Hal Hirte at Juravinski Hospital and Cancer Centre

Dr. Hal Hirte

Making a real difference in other people’s lives. That is what motivates and excites Dr. Holger “Hal” Hirte every day. As a medical oncologist and researcher at Juravinski Hospital and Cancer Centre for nearly 30 years, his dedication to the care of patients and families in need continues to grow.

“Leaving my legacy gift will enhance the care of patients in Hamilton and throughout south-central Ontario beyond my own lifetime. I wanted to lead by example and encourage donors, patients and colleagues to consider giving back with a legacy gift.”

– Dr. Hal Hirte

Leaving a Legacy Gift Because “It’s the Right Thing to Do”

Legacy donor to Hamilton Health Sciences Foundation - Bill Boxall

Bill Boxall with a photo of Shirley Mae Turner

It was love at first sight. Charles “Bill” Boxall and Shirley Mae Turner of Hamilton were both 63 years old when they met at a dance in 1996 and began a relationship that spanned nearly two decades. They were inseparable right until Shirley passed away in 2014 from cancer.

“I wanted to support health care in the region and make a difference in the lives of other patients with my gift. I am so grateful for the amazing care provided by the doctors and staff. Shirley passed away in 2014 having lived a very full life.”
Charles “Bill” Boxall

The Legacy team at Hamilton Health Sciences Foundation is happy to help you leave your legacy.

Contact Carrie Gemmell at gemmellc@hhsc.ca or 905-521-2100 x. 66383.

It is important to discuss giving options with a trusted professional advisor to determine what is best suited for your financial situation.