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In Memoriam Bequests Charitable
Giving Bequests
Motivations for Sample Bequest
Charitable Bequests Language

An estate can have numerous beneficiaries
including family, friends, and several charities. If you are interested in supporting
One interesting option for couples interested in
supporting the South and Central Health the health of future generations in
Foundation is when the Foundation is named as a central Newfoundland through a
bequest in your Will please
contingent beneficiary. This is helpful for couples
when they want our Foundation to receive a gift consider speaking to your
upon the passing of their surviving spouse. financial and legal experts as well
as your family. The following are
Many individuals also have more than one special
cause which they would like to support. In the some samples of wording that can
past, the South and Central Health Foundation has be used in your will:
A Specific Bequest - “I give to the
One of the most important gifts you been thankful to be named as one of several South and Central Health
charities to receive a gift in a single Will. The
can give a deceased loved one is a donor’s estate will also receive a tax receipt for Foundation all of my shares in
way to cherish their memory. the value of the Bequest. This can be quite an XYZ Mutual Fund to be used for
It is a way to show their generous spirit that important consideration as certain assets become the general purposes of said
charity.”
their time here with us is remembered, and taxable upon death unless they are left to a A General Bequest - “I give to
that those who give in your loved one's surviving spouse. A Bequest to a charity can help the South and Central Health
name reflects the lives that they have reduce final taxes payable up to 100% in the year Foundation the sum of $XXX to
touched on their journey. of death. be used for the general purposes of
You may choose to name our charity as the If you haven’t drafted a Will yet now is the time to said charity.”
recipient of your loved one's Memorial speak to your family, professional advisors: A Residual Bequest - “I give to
Donations. You can choose a project at one lawyers, accountants, bankers, financial the South and Central Health
of our health facilities or a specific planners...seek professional advice to ensure your Foundation XX % of the rest,
department. wishes are carried out. residue and remainder of my
estate, to be used for the general
purposes of said charity.”
Endowments If you would like to set up a
bequest for a restricted purpose
you can use the sample language
the purpose you wish to assign.
Creating a provided earlier, but simply add
For example:
For more information on “I give to the South and Central
making a donation to the Named Endowment Fund Health Foundation the sum of
South and Central Health $XXX to be used to establish an
Foundation Endowment in An endowment offers the A gift can be made by any Endowment Fund in the name of
your Will or through a Gift, opportunity to make perpetual individual or company at any Mr. and Mrs. Thomas Smith ” or
please contact our staff at: gifts for the health of future point in time...the donor simply “I give to the South and Central
Central Newfoundland generations living in your designates his or her donation for Health Foundation all of my
Regional Health Centre shares in XYZ Mutual Fund to be
Phone: (709) 292 - 2393 community and region. It is a the Endowment Fund. Our fund used in support of the Dr. Hugh
Fax: (709) 292 - 2193 unique planned giving option was started in the year 2000 and Twomey Health Care Centre.”
that can be explored as a lifetime to date we have received several
Email: Bequests can be restricted to
schf@centralhealth.nl.ca gift, while you are living, or as a significant donations from our support specific health facilities
www.schf.nl.ca legacy gift through a Bequest in supporters. We have set an initial throughout central Newfoundland,
Charitable Registration # your Will. All gifts to the goal to grow our Endowment specific departments such as the
119156909RR0001 endowment of $10,000 or greater Fund to $1 million dollars. When ICU or Palliative Care, or for
may be named by the donor to we reach that goal we plan to specific programs or services such
ensure a lasting legacy. begin using the annual interest to
South and Central as Diabetes care, Cardiac Care,
Health Foundation Investments are managed by help support health programs & Dialysis... The possibilities to
P.O. Box 739 professional money managers services of Central Health. We create a lasting legacy in health
and are overseen by our
Grand Falls-Windsor, NL Foundation's Investment are making progress towards our are endless!
A2A 2K2 goal having achieved over three
Management Committee. quarters of our objective.