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Legacy Gifts

Leaving a Legacy Gift
 
Leaving a bequest to Niagara Health Foundation in your will is an ideal way to continue supporting the healthcare needs of Niagara region and its future generations.  All bequests for the benefit of any hospital site should be directed in your will to Niagara Health Foundation.  You can also direct the funds to the areas of highest priority for any site or a specific program at Niagara Health.
 
Canadians leave legacy gifts for a variety of reasons – to ensure their memory lives on, to continue to support the charity and the work done in the community or as a way to facilitate tax implications that come with the transfer of one’s estate to their next of kin.
 
Whatever your reason, leaving a legacy gift to Niagara Health Foundation provides vital funding towards the purchase of essential equipment, redevelopment projects and patient programs to benefit the future of Niagara Health. 
 
How to leave a Legacy Gift
 
 To include a legacy gift to Niagara Health Foundation in your Will, you should consult with a lawyer or notary experienced in estate planning, they can help you prepare a new Will or add a codicil* to your existing one.
 
Ways to leave a legacy gift:
 

  • Will/Bequest – A charitable bequest is a gift specified in your will. A charitable bequest can take the form of cash, securities, assets or donation of your estate.
  • Life Insurance – Donations can be made through a life insurance policy in one of three ways:
    • Donating an existing life insurance policy, naming Niagara Health Foundation as the owner and beneficiary of the policy;
    • Purchasing a new policy and designating Niagara Health Foundation as the owner and beneficiary; or
    • Donating a policy through your will naming Niagara Health 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 Niagara Health Foundation receives the funds. Click here to learn more.

 
If you would like more information about directing a legacy gift to Niagara Health Foundation or would like to notify us that you have left us a bequest in your will, please contact Roger Ali, President & CEO at 905-323-3863 or Roger.Ali@niagarahealth.on.ca.
 
Financial and Legal Advisors:
 
Professional advisors, including Lawyers, chartered accountants, abners, financial planners and real estate professionals, play a critical role in wealth planning for their clients. You have an unique opportunity to provide your clients with information about charitable giving.
 
You can assist your clients maximize their personal benefit by initiating an open discussion on planned giving. 
 
Niagara Health Foundation would be pleased to work with you and your client to ensure their philanthropic wishes become a reality. As a professional advisor in the community, we consider you our partner – helping to build a healthier Niagara.
 
Will Clauses
Bequests can be endowed or given as an outright cash gift. If your client would like their bequest to be endowed, the capital will be invested and only the interest will be used annually to fund a particular hospital or program.
 
Outright Gift Clause

The following wording is recommended for outright gifts:
“I give to Niagara Health Foundation, currently located at 65 Third St., Welland, Ontario, ____ {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 in support of {Program Name or “Most Urgent Needs”} at {Name of Hospital Site or “Niagara Health”}.
 
I.e. I give to Niagara Health Foundation, currently located at 65 Third St., Welland, Ontario, $300,000 of my estate. It is my wish that these funds, if practical and possible, be directed as an outright gift in support of the Most Urgent Needs at the Welland Hospital Site.
 
 
Please note the following:
 
Our legal name: Niagara Health Foundation

Our Charitable Registration Number: 8994022697 RR0001

The following Niagara Health sites supported by Niagara Health Foundation:

  • Greater Niagara General Site in Niagara Falls
  • Welland Site
  • St. Catharines Site
  • Douglas Memorial Site in Fort Erie
  • Port Colborne Site
  • Niagara-on-the-Lake Site

 
 
*A  codicil is a document that amends, rather than replaces, a previously   executed Will