Make a meaningful and lasting impact on the Hospice Georgian Triangle Foundation while optimizing your financial situation. Explore options that not only benefit donors but also contribute to the foundation's ability to provide essential end-of-life care and support to those in need.
Sandra Sullivan, the Executive Director of Hospice Georgian Triangle Foundation, said there are several tax-efficient methods of giving, such as donating appreciated stock. Sullivan highlighted that when stocks are transferred directly to a charity, donors are not required to pay capital gains tax on the appreciated value.
Alternatively, by naming Hospice Georgian Triangle as a beneficiary of your life insurance policy, you can provide an ongoing charitable legacy, ensuring your support will continue after your death. Depending on how you structure your plan, you may receive a sizeable tax advantage during your lifetime.
Similarly, adding Hospice Georgian Triangle Foundation as a partial or full beneficiary of your RRSP or RRIF is a highly tax-effective strategy for leaving a legacy gift. A charitable receipt can be applied up to 100 per cent of your net income in the year of death and the preceding tax year.
Impact your community through charitable donations
Sullivan emphasized that legacy giving has a profound impact on charitable organizations. She shared a poignant video produced for a gala featuring a legacy gift from donors who have since passed away. This heartwarming video demonstrates the transformative effect of such gifts on organizations like Hospice Georgian Triangle Foundation.
Prominent supporter Ricki Thompson passed away on Oct. 20, 2022. A notable philanthropist, teacher and civic leader, Ricki and her late husband, Bob, are celebrated for their unwavering belief in community service and charitable contributions.
Ricki's dedication to charity was highlighted at the 2022 Care Gala, where she pledged to match donations up to $100,000, raising an unprecedented almost $400,000 for the event.
The Thompsons' generosity is prominently showcased in the Robert C. and Ricki Thompson Sanctuary Garden at Campbell House, which serves as a serene refuge for patients and families.
This tranquil space is equipped with walkways, seating zones, a bridge, a pond and a beautiful canopy of trees and perennials. The garden, dedicated to Ricki’s late husband, Robert Thompson, a respected lawyer who passed in 2011, is an essential part of the facility, hosting various support programs, including grief counselling and caregiver sessions.
The Thompsons' enduring gift promises that the Hospice Georgian Triangle will provide outstanding end-of-life care for many future generations.
“Philanthropy is investing in social services,” Sullivan said. “It’s not just a gift. They're actually investing in the future of their community.”
Learn more about the impact of legacy philanthropy
Later this month, Hospice Georgian Triangle Foundation is teaming up with Women Worth & Wellness to provide an event for those interested in philanthropy, financial planning and leaving a lasting legacy.
On Monday, Oct. 30, "You Don’t Know What You Don’t Know - The Impact of Legacy Philanthropy" will occur at Chartwell Balmoral Retirement Community in Collingwood, Ontario, from 5:00 p.m. to 7:00 p.m. ET.
The event aims to educate individuals and families about the profound impact of planned charitable gifts in estate planning. Attendees will learn how such contributions can benefit their chosen charities and provide tax advantages. Knowledgeable experts, including Paul Chapman, Brian Hunt and Sandra Sullivan, will provide guidance on planned charitable giving and its transformative power.
For more information and to secure a spot, visit Eventbrite today.
Support the Hospice Georgian Triangle
Hospice Georgian Triangle provides compassionate care at Campbell House and the community for individuals with life-limiting illness and their families in the Town of the Blue Mountains, Collingwood, Clearview Township and Wasaga Beach. Care programs come at no cost to the user and focus on the physical, emotional and mental well-being of the patient, family and caregivers, enhancing the quality of life.
Hospice Georgian Triangle Foundation's purpose is to raise the funds that allow Hospice Georgian Triangle to provide exceptional hospice palliative care and community programming.