MAKE A GIFT BY BEQUEST
You can show your commitment to improving the lives of terminally ill patients by bequeathing a gift through your will to the West Island Palliative Care Residence. A gift common among our donors, a bequest is a gift made through a will and may include cash, marketable securities, closely held stock, real estate, or tangible personal property.
Consider these options:
- Specific bequest – Designate a fixed dollar amount or specific property to the West Island palliative Care Residence.
- Residual or proportional bequest – Designate either your entire estate or a percentage of your estate after other specific bequests are distributed. The advantage of designating a portion of your estate to the West Island Palliative Care Residence is that the bequest automatically adjusts in size as your estate increases or decreases over the years.
- Contingent bequest – The West Island Palliative Care Residence is only given a bequest in the event of the death of the primary beneficiary named in the will.
Consider these benefits:
- You enhance the value of your estate, as bequests may enable you to minimize federal and provincial estate taxes.
- Bequests may allow individuals to make much larger gifts than they could during their lifetimes.
- Designations for bequests are revocable so you retain control of assets during your lifetime.
- Your estate may claim gifts in the year of death equal to 100 per cent of your net income in that year and the preceding year.
- There is no minimum giving level for bequests.
For more information please contact Karen Mitchell, Senior Philanthropy Officer at 514 693-1718, ext. 252 or firstname.lastname@example.org