Leave a legacy

You can leave a lasting legacy for yourself or loved ones while ensuring Hospice Care continues to be available for many generations to come. The Campbell River Hospice Society is working in partnership with the Campbell River Community Foundation to ensure your investment is secure and managed by a team of professional investors. For more information please contact us.

 

 

Depending on the amount you decide to contribute, you will receive the following or you can choose to stay anonymous:

 

$10,000 +

  • Name and photo of you or your loved  one on our website

  • All other tax benefits related to your choice of investment 

 

$25,000 +

  • Name and photo of you or your loved one on our website

  • All other tax benefits related to your choice of investment 

  • Name on the legacy wall at the Hospice building at 440 Evergreen Road, Campbell River

 

$50,000 +

  • Name and photo of you or your loved one on our website

  • All other tax benefits related to your choice of investment 

  • Name on the legacy wall at the Hospice building at 440 Evergreen Road, Campbell River

 

$100,000 +

  • Name and photo of you or your loved one on our website

  • All other tax benefits related to your choice of investment 

  • Name on the legacy wall at the Hospice building at 440 Evergreen Road, Campbell River

  • Beautiful engraved plaque in your loved ones' honour

 

$250,000 +

  • Name and photo of you or your loved one on our website

  • All other tax benefits related to your choice of investment 

  • Name on the legacy wall at the Hospice building at 440 Evergreen Road, Campbell River

  • Beautiful engraved plaque in your loved ones' honour

  • Honorary lifetime member of the hospice society

 

 

 

 

Ways to leave a legacy

Bequests

 

 

 

  • Your bequest will generate a charitable tax credit which will reduce your income taxes in your final year and possibly the prior year.

  • Because your estate may pay less in tax, a bequest to CRHS could allow you to leave more to your heirs.

  • While you are alive, your bequest is revocable. Should your financial or personal circumstances change, you can always change your will and alter your bequest.

 

Independent advice is critical

  • Our staff are happy to help support you in realizing your philanthropic wishes for Campbell River Hospice Society, but the ultimate responsibility for your estate and the tax implications and/or legal constraints and consequences of your donation rests with you and your legal and financial advisor(s). Please seek independent legal and financial advice.

 

The wording of your bequest is important

  • To ensure that your intentions are carried out, consult your lawyer and ensure your bequest is made to the Campbell River Hospice Society operating as Campbell River Hospice Society, Canada Revenue Agency No.:122407844 RR 0001 /BC Society Number S-21908.

 

Unrestricted gifts

  • To ensure that the Campbell River Hospice Society is able to use your legacy gift to its fullest, please consider an unrestricted gift, which will be directed to the area of greatest need at the time we receive your bequest.

Endowment Fund

You can create a family Legacy Endowment fund for the Campbell River Hospice Society or contribute to our established fund with the Campbell River Community Foundation (CRCF).  An endowment fund means the principal gift is not spent but income from that gift supports CRHS every year.

 

 

To help:

 

  • Establish your named fund and create your personal legacy.

Publicly Traded Securities

Here’s how to save taxes and increase the impact of your gift to CRHS through an “in-kind” gift of publicly traded securities to CRHS.

 

Did you know?

 

  1. You do not pay tax on the capital gain.

  2. You do receive a charitable tax receipt for the full fair market value of the securities on the day CRHS receives them.

Gift Examples

  • Shares listed on a designated stock exchange*

  • Shares of a mutual fund corporation

  • Units of a mutual fund trust

  • Prescribed debt obligations such as government savings bonds

Donor Benefits

There are several key benefits to making a gift with securities. Donors receive an immediate donation receipt for the fair market value of the security, generally determined as the last quoted trading price on the day the gift is received by the charity. In addition, donors receive favourable reductions in capital gains taxation. As well, gifts can be given during a donor's lifetime or after, through their estate.

If you are considering this kind of gift, we encourage you to contact us directly to ensure a smooth transfer process.

 

The transfer of different kinds of securities take different amounts of time, please allow ample time before year-end to facilitate your gift.  We welcome your questions and discussions around this (or any type of) gift to CRHS.

Insurance Policies

A relatively small investment can translate into a significant gift to CRHS

You can transfer ownership of an existing life insurance policy to CRHS and you’ll receive a charitable tax receipt for the value of the policy. Or:

  1. You can purchase a policy making CRHS the owner and beneficiary, and you’ll receive a charitable tax receipt for the annual premiums paid on the policy. On your passing, the insurance proceeds will come directly to CRHS.

  2. You can retain ownership of your insurance policy and name CRHS as the beneficiary. On your passing, proceeds will come directly to CRHS. A charitable tax receipt will be issued for the insurance proceeds received which may reduce taxes in the year of death, or the prior year.