$500,000 legacy gift to QEH Foundation and Community Foundation of PEI

CHARLOTTETOWN – Scott and Laura-Lee Lewis of York, PEI, truly believe in giving back to their Island community.

That is the reason they have generously given two separate life insurance policies valued at a total of $500,000, with a $250,000 policy to the QEH Foundation and a second $250,000 policy to the Community Foundation of PEI.

After their passing, both charities will establish a Scott and Laura-Lee Lewis Endowment where the principal is invested and only the income is spent each year.

While looking into the many ways to make a meaningful gift to their much loved charities, Scott and Laura-Lee concluded that life insurance was the best option.

“As business owners, we felt giving an insurance policy was the most affordable way for us to make a substantial gift and name the charity the owner and beneficiary of the policy,” says Scott and Laura-Lee.

Scott stated that the life insurance option provided them the opportunity to leverage the value of their gift to make an even larger gift overall.

“We were impressed how insurance helped increase our giving and there were several additional benefits including immediate tax relief against present or future tax returns, insurance is not subject to probate fees and also processed outside the estate.”

He added people can transfer of ownership of a paid-up policy, transfer an existing policy with premiums still owing or do what they did and purchase a new policy.

Laura-Lee says being a former director of the QEH Foundation and a division chair for the Friends for Life Campaign was very insightful. “It gave us a deep appreciation for the unending work that is happening to improve health care on the Island. We felt compelled to help with future medical needs and also to assist the other organizations that deal with some of the challenges of life to make circumstances better for all.”

Scott reflected on his childhood and how communities were more self-sufficient.

“When we look back, mostly everyone we knew grew up on a family farm where the community meant everything – where families shopped, went to church and where children attended school. Everything you needed was a short distance from home and today so much has changed, but the sense of community has remained.”

Scott has recently retired from his family farm, Lewis Bros. Inc., which involved potato growing, packing and shipping and also a large purebred dairy herd. He is now involved in land development. Laura-Lee was from Meadowbank and a long-time employee of Norton’s Jewellers Ltd. 

Both are dedicated volunteers to their favorite charitable organizations, with Scott volunteering as treasurer of First Baptist Church Charlottetown, a weekly plasma donor, and a dog walker with the PEI Humane Society. On top of volunteering with the QEH Foundation, Laura-Lee is past president of the Rotary Club of Charlottetown Royalty and has helped Heart and Stroke.

“We tend to be private with our affairs but each Foundation convinced us by sharing that we will inspire others, the same way we were inspired by those who gave before us,” added Scott and Laura-Lee.

Ed Lawlor, QEH Foundation Chair, says, “ As the Island’s main referral hospital, it is critical that the QEH continues to have the most up-to-date medical equipment so Island families can receive good health care now and in the future, so we say thank you to Scott and Laura-Lee for this wonderful contribution.”

John Robinson, Past President of the Community Foundation of PEI, adds, “This is our first-ever life insurance policy for our Community Foundation so this is very exciting news going forward and we know others will be encouraged by the Lewis’s. We also convey our utmost gratitude.”

Scott and Laura -Lee have named five organizations that will benefit from their CFPEI gift and includes: Camp Gencheff Inc., Stars for Life Foundation of PEI., Children’s Wish Foundation (PEI.), Island Pregnancy Care & Support Services, and the PEI Humane Society.

“We have adopted the virtues of other community-minded people within our province and truly believe — in living life and somewhat in death, all we can expect to take, is that which is given.” Scott Lewis.