Estate Planning and Legacy Giving

Remember Providence Healthcare Foundation in your will.

You can retain control of your assets during your lifetime, significantly reduce estate tax, choose a specific gift amount or contribute all or a percentage of your estate’s assets. Speak to a lawyer about drafting a will or adding a codicil to an existing will.

Review our sample bequest wording: Suggested Bequest in a Will. 

Curious about the potential impact your gift can make? Calculate Your Legacy to Support Causes and Loved Ones - Will Power

Call Justyna Jonca at 647 984 2795.

There are several ways a life insurance policy can be donated.

Speak with your financial advisor to discuss the method that’s best for you and your estate plans. You can name Providence Healthcare Foundation as a beneficiary of your existing policy.

After your passing, Providence Healthcare Foundation will receive the proceeds of the policy and your estate will receive a donation receipt. Or transfer ownership and beneficiary of a paid-up policy to Providence Healthcare Foundation and receive a donation receipt for the cash surrender value at the time the policy is donated.

Call Justyna Jonca at 647 984 2795.

Make Providence Healthcare Foundation a beneficiary of your RRSP or RRIF.

You will retain ownership of the fund during your lifetime, and your gift will not be subject to probate tax. Your estate will then receive a donation receipt for the amount given to Providence Healthcare Foundation.

To donate your RRSP or RRIF, you do not have to revise your existing will—simply contact your financial advisor to make Providence Healthcare Foundation a beneficiary.

Download your beneficiary form from your bank: BMO, CIBC, CIBC's Investor's Edge, Manulife, RBC Direct Investing, Scotiabank, Scotia iTRADE, or TD Direct Investing. 

In consultation with your legal and financial advisors, you may be able to set up a charitable trust to meet both your philanthropic and personal goals. 

There are many factors and options to consider, but this can be an extremely effective strategy to maximize your impact and reduce your taxes. Talk to your advisors today about the benefits.

If you have already included or intend to include Providence Healthcare Foundation in your will or estate plans, please let us know by completing our Inscription Form or by notifying us here.