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There are many ways to include a gift to Mount St. Mary in your plans. Talk to your family and a professional advisor, lawyer or tax consultant to plan a gift that best meets your needs.

Click the links below for information about some of the most popular ways people plan a gift. If you would like more information, please let us know. Although we cannot provide financial or legal advice, we can give you and your advisor lots of information about your options.

> 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
One of the most popular ways of planning a gift is to name Mount St. Mary Foundation as a beneficiary in your will. 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. A bequest of publicly-traded securities, for example, avoids a capital gain on the donated securities and generates a tax deduction equal to the value of the securities.

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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.

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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, Music Therapy and Palliative Care & Practical Nursing Education.

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