Banner graphic for HHSF's Legacy program

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

An Uncle’s Legacy

Dan with the Grey Cup.

Dan Maloney

Dan Maloney passed away at age 69 after a nearly 10-year battle with colon cancer. Thanks to a generous donation left in his will, Dan continues to make a vital difference for patients.

“Our family was glad that Dan left this tremendous gift. My uncle believed in giving back to the community. He appreciated the care he received and the caregivers he met who helped make the journey a little less difficult.”
– Theresa Reynolds

A Legacy From The Heart

A model heart next to a photo of Carl Gustaw

Carl Gustaw

The pain knocked the air right out of him. Carl Gustaw of Thunder Bay was 46 years old when he suffered from sudden chest pains in 2007. Inspired by his lifesaving experience at Hamilton General Hospital, Carl decided to leave a legacy gift in his will to Hamilton Health Sciences Foundation.

“It’s important to help others however you can. Especially with all of the cuts in health care, I wanted to give back and make a difference for patients in need.”
– Carl Gustaw

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

Bill Boxall with a photo of Shirley Mae Turner

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.