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.
  • Charitable Gift Annuity – This allows 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.

The Legacy team at Hamilton Health Sciences Foundation is happy to help you leave your legacy.
Email legacy@hhsc.ca or call 905-522-3863.

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