A bequest in your will entitles your estate to a donation receipt for the full value of your gift, which may significantly reduce the tax payable on your final income tax return.
A bequest can be as simple as a sentence or two in your will, or a codicil appended to your present will. Here are sample clauses that you may wish to discuss with your lawyer:
“I give to the Queensway Carleton Hospital Foundation …
“…50% of the rest, residue and remainder of my estate.”
OR “ …my shares of XYZ stock”
OR “…the sum of $____ to be used for its general purposes.”
An unrestricted bequest allows the hospital the flexibility of putting your donation to immediate use, where it is needed most. If you would like your gift to support an area of particular interest, or to be held as an endowment, please contact Nadine Fowler and she will help you plan your gift.