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    ADDRESS Phone: (306) 655-8489
    Toll Free: 1-800-603-4464

    Saskatoon City Hospital Foundation
    701 Queen Street
    Saskatoon, SK, S7K 0M7

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Planned Giving

Planned Giving

So, think about this long and hard.
Are there things you’d like to change?
For you never know how much time is left
that can still be rearranged.
Excerpt from The Dash, by Linda Ellis

Bequests

Designating Saskatoon City Hospital Foundation as the beneficiary of a pre-determined portion of your estate ensures that your charitable wishes will be carried out according to your plan. Bequests can be designated to a particular area of the hospital but are commonly applied to the area in greatest need when your bequest is received.

Securities (Shares/Stocks/Bonds)

Gifting securities to charity is a popular and convenient form of charitable giving because of its tax incentives and simplicity. In order to realize the tax benefit, a donor must not sell the securities; rather, the donor (or donor’s financial advisor) transfers securities directly to Saskatoon City Hospital Foundation and we sell them.

Your financial planner will require the attached information to initiate an electronic transfer of securities: Download Gift of Shares to Saskatoon City Hospital Foundation

Life Insurance Policies

There are benefits for donating existing, paid up policies or new insurance policies. For an existing policy, a charitable tax receipt will be issued for the cash surrender value of the policy and the gift will not affect the donor’s estate plan. Naming SCHF as the beneficiary of a new policy results in a charitable tax receipt for the annual premiums, defraying the cost by approximately 50%.

RRSP’s and RRIF’s

By naming SCHF as the beneficiary of a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) the value of either will be taken out of your estate and may greatly reduce the tax owing on your final tax return.

Charitable Gift Annuities

A Charitable Gift Plus Annuity Plan combines the donor’s gift to Saskatoon City Hospital Foundation with an annuity which the Foundation purchases on the donor’s behalf through a licensed insurance company. Guaranteed annuity payments continue throughout the donor’s lifetime, unaffected by changes in the economy or interest rates. The exact amount of the annuity payments depend on the donor’s age, size of contribution, and annuity rates in effect at the time of the gift. The portion of the contribution not required to purchase the annuity will be used by SCHF for the hospital. A Charitable Gift Annuity is most advantageous for donors age 70+ and often, payments are tax-free for life.

Charitable Remainder Trusts

In this type of planned gift the donor creates a trust funded with securities, real estate, or cash, making an irrevocable gift of the remainder interest to the charity. The donor retains the interest income for the rest of either his/her life, a beneficiary’s life, or for a guaranteed number of years. Among several benefits, the donor is entitled to a receipt for the present value of the remainder interest.

Disclaimer

The information provided is general in nature and not intended to represent legal advice. We understand that each individual’s financial circumstances are unique and you are advised to consult with a qualified professional advisor.

If you have questions or wish to make a planned gift, please email contact@saskatooncityhospitalfoundation.com . To download a printable version of this information, click here.