Planned Giving web banner copy

While the QEH Foundation continues to meet the annual medical equipment needs of the Queen Elizabeth Hospital, it is important to plan for future needs. You can help our Island community with your decision to make a planned gift to the Queen Elizabeth Hospital. It will make a lasting legacy and ensure better treatment and care for our patients and families.
Before you begin planning your gift, be sure to think about your own personal charitable goals. By working closely with your financial advisor, as well as representatives of the QEH Foundation, you can plan a gift that will work best for you and your family, while helping to maximize tax and other financial benefits.

There are several ways you can plan a gift to the Queen Elizabeth Hospital:

Donors can make a charitable gift of cash, property or securities through their will. It is an important legal document that ensures your estate will be distributed according to your wishes. Once your family has been provided for, you may wish to leave a donation to the Queen Elizabeth Hospital through your will. It can be a specified amount or the remainder of your estate, and a tax credit will be issued to the estate which can offset tax owing.

In 2001 the QEHF Board of Directors adopted a policy to allocate all unrestricted bequests to the Endowment Trust Fund.

With a gift of securities, donors eliminate the taxable portion of their capital gain and receive a charitable tax receipt for the fair market value of the securities, on the day the QEH Foundation receives them.

Life Insurance
Donors can choose to make the QEH Foundation the owner and beneficiary of a life insurance policy. The tax advantage and flexibility of a gift of life insurance make it an attractive option. You may take out a new life insurance policy naming the hospital as owner and beneficiary, or you can donate a paid-up insurance policy that is no longer needed. Through the gift of life insurance, persons of even modest incomes can make a significant impact on the future of the QEH. The premiums and cash value of the policy are considered a charitable gift and there is no estate tax owing on the value of the policy upon death.

Priscilla Clough, QEH Foundation donor, contributes to her favourite charity through a life insurance policy in which the Foundation is the owner and beneficiary.
Click here to read her story.

Donors can name the QEH Foundation as the beneficiary of their Registered Retirement Savings Plan (RRSP) or Registered Retirement Investment Fund (RRIF). This means that upon your death, the QEH will receive the proceeds and your estate will receive the charitable receipt.

Gifts of real estate are important to the QEH Foundation. Please call the Foundation office to discuss.

Named Endowment
Donors wishing to establish a named endowment to the Queen Elizabeth Hospital can set up a Named Endowment Fund where the principal, contributed by the donor, is invested and only the income from the fund is spent. A contribution of $100,000 or more is required to establish a named endowment. The gift may be in the form of a one-time cash payment or a gift of securities, a pledge or a deferred gift. A donor may designate the income from a named endowment for specified or general purposes. In order to create a named endowment, a Named Endowment Agreement is prepared and signed by the donor.

Donors can direct their annual gift or a gift in memory of a loved to the QEH Foundation Endowment Trust Fund without creating a Named Endowment. There is no set donation amount and donors can contribute to the fund for a number of years.

A Gift of Annuity
A charitable gift annuity is an excellent way to make a significant donation to the QEH Foundation, while at the same time, receiving guaranteed income for your lifetime. Donors must be 60 years of age or older.

Charitable Remainder Trust
You can donate cash or income producing property through a trust that names the QEH Foundation as the beneficiary and you receive income from the trust for your lifetime.

To learn more about how to make a planned gift, please contact:
Helen Chapman, Gift Planning Officer
Telephone: (902) 894-2432

Official Legal name: Queen Elizabeth Hospital Foundation Inc.
Charitable registration number: 8921-77965-RR0001