Types of Gift

Your gift, your way.

There are many ways you can make a donation to Mount St. Mary Hospital Foundation. You can give cash, or use your Visa or MasterCard to donate. You can give a deferred gift, such as a bequest in a will, or an in-kind gift, such as real estate, securities or other tangible property, or you can designate Mount St. Mary Hospital Foundation as a beneficiary of a life insurance policy. Your financial advisor can help you plan your gift appropriately.

• Cash
• Bequest
• Registered Plans
• Insurance
• Securities
• Real Estate and Other Property
• Charitable Trusts & Gift Annuities
• Named and Endowment Funds
• Sisters of St. Ann Legacy Fund

Cash
The simplest and most common gift. A direct gift of cash or cheque gives you the comfort of knowing your gift is making a difference in people’s lives immediately, and you are able to take advantage of a charitable tax receipt for the full amount of the gift, which gives you immediate tax savings.

Bequest
A bequest provides a legacy of long-term financial resources so we can continue to fulfill the mission of the Sisters of St. Ann by providing the home-like surroundings and compassionate care our residents deserve.

Your lawyer can change your existing will, or help you write a new one that bequeaths a portion of your estate to Mount St. Mary Foundation. Your estate receives a donation receipt for the full amount of the bequest, which can significantly reduce any tax payable on your final tax return. Your advisor can help you decide which of the several types of bequest is best for you.

Registered Plans
You can make Mount St. Mary Foundation a beneficiary of your RRSP or RRIF. Your estate will be able to benefit from a tax deduction equal to the portion of the plan that is donated to Mount St. Mary Foundation on your death.

Insurance
You can revise an existing life insurance policy to make Mount St. Mary Foundation a beneficiary, or take out a new policy. By paying relatively small premiums now, your policy will make a large gift to Mount St. Mary Foundation later. Your estate will be able to benefit from a tax deduction equal to the death benefit that is donated to Mount St. Mary Foundation.

Securities
You can transfer publicly-traded stocks and bonds (including mutual funds) to Mount St. Mary Foundation without converting them to cash. Generous tax advantages often make this a wiser choice than cash.

Real Estate and Other Property
Perhaps you have some real estate or other property* that you would like to donate after your death. By contributing these assets to a charitable remainder trust, you can receive an immediate tax deduction but continue to use and enjoy the assets for the remainder of your life (or the joint lives of you and your spouse). Given that Mount St. Mary Foundation would not have access to your gift until after your death, the tax deduction would be discounted by your remaining life expectancy but would be deductible from your current income (the deduction would not be postponed until your death). Depending on your age, this can be an advantageous way to give a valued gift.

*Check with Mount St. Mary Foundation to ensure that your gift is in keeping with the Foundation’s gift acceptance policy and Mount St. Mary Hospital’s mission & vision.

Charitable Trusts & Gift Annuities
Charitable trusts let you to make a gift of investments without giving up the income you receive from them. Gift Annuities allow you to transfer a gift to Mount St. Mary Foundation now, and receive payments out of the gift as personal income.

Named & Endowed Funds
Mount St. Mary Foundation allows you to name a fund after yourself or someone you wish to honour. These funds may be directed to specific purposes that you decide on. An endowed fund is a wise choice because it provides support far into the future, ensuring that programs and resources will be available for many years to come. Named and endowed funds require a minimum gift or pledge amount of $50,000.

Sisters of St. Ann Legacy Fund
This fund was created in honour of the Sisters of St. Ann and their outstanding contribution to health care in Victoria. The Legacy Fund will provide the money necessary to sustain the following programs: Spiritual Care, Volunteer Services, Music Therapy, Resident Activities and Palliative Care & Practical Nursing Education.

Tell me more

If you would like to support Mount St. Mary Hospital, please contact Mandy Parker by telephone at 250-480-3138, or email MParker@msmfoundation.ca

Mount St. Mary Foundation
861 Fairfield Road
Victoria, BC V8V 5A9
T: 250-480-3138
F: 250-480-3139
www.msmfoundation.ca

Charitable registration number: 88361 5809 R0001

How we protect your privacy
Our policy keeps your information secure.

We respect your privacy. When you contact us for more information about planning a gift to Mount St. Mary, you do not need to make any commitment to us. We, however, make this promise to you:

We will treat any information you give us as confidential.

We will NOT place you on our donation solicitation mailing list except at your request.

We will honour your request, if you ask to be removed from our mailing lists.

We will honour any request for anonymity.

We will not trade or sell your contact information to anyone else.