A generous act; an enduring impact.
Every gift to the HSC Foundation is an investment in health care excellence and innovation. Every act of support is an expression of passion and generosity.
Legacy giving is all that… and more.
Your legacy gift is a statement about what matters most to you. It is a reflection of your values. It is a demonstration of your pride in Manitoba, your optimism for the future of health care, and your wish for future generations to thrive.
A legacy gift is your final gift to an organization; a donation that expresses your deepest commitment and gratitude; a contribution that has a meaningful and enduring impact after you have passed away.
As an HSC Foundation legacy donor, you have the opportunity to direct your gift—whether designated or undesignated—in a way that reflects your personal values and priorities. You can:
Our legacy givers come from all walks of life and make gifts of all sizes. What they share in common is a passion for Manitoba and a desire to improve health care for all.
For answers to common questions and more information about getting started, please visit our FAQ section.
Simply name the Health Sciences Centre Foundation in your Will. You can specify a dollar amount, a percentage of your total estate, or all or part of the residue of your estate. Your estate will receive a tax receipt for the amount of your gift, which can greatly reduce taxes owing. You can direct your gift to any hospital area you choose, and you may change your Will at any time.
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Using a life insurance policy to support the HSC Foundation is a good way to make a significant contribution to the Foundation while protecting the value of your estate.
There are two different ways to use life insurance to help achieve your philanthropic goals:
a) You can name the Foundation as the policy owner and beneficiary
b) You can name the Foundation as the beneficiary (but not the owner) of the policy
Each option offers significant tax benefits to your estate, or to you during your lifetime.
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Donating securities or stocks to the HSC Foundation is a generous and tax-friendly way to support patient care and medical research at HSC. Such gifts can be made through your estate or in your lifetime.
The HSC Foundation will redeem securities and stocks upon receipt, generating a donation receipt for you reflecting the full market value of securities on the day the securities are received.
And when you donate securities or stocks, you avoid the capital gains tax on any appreciation your shares have experienced over time.
(Due to processing and brokerage fees, the HSC Foundation will accept a minimum securities/stock donation of $1,000. )
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You can support the HSC Foundation by naming the Foundation as a primary or contingency beneficiary of your Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), Pension Plan, or Tax-Free Savings Account (TFSA).
If you are not survived by a spouse and you have no dependent children—or have already made arrangements for your dependent children—leftover retirement funds are an excellent charitable gift option because the resulting tax credit will help to make up for the taxes payable on the transfer or distribution.
Using these instruments to support the Foundation can help to reduce your estate taxes and protect the value of the estate for your family.
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A Charitable Remainder Trust (CRT) is a deferred giving arrangement under which you would transfer property (cash, appreciated securities, or real estate) to a trustee. You (and/or other beneficiaries) would retain the right to the income from the trust either for life or a specified term. The Health Sciences Centre Foundation will receive whatever remains in the trust after that specified term or after the death of the last beneficiary, whichever has been agreed to in the trust document.
Donors who establish a CRT will receive a donation receipt today for the calculated “present” value of their future gift which the HSC Foundation will receive when the trust terminates.
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A Charitable Gift Annuity is an excellent way to increase your annual income, reduce your taxes, and help fulfill your financial and charitable goals.
A portion of your contribution to the Foundation is treated as a charitable donation for which you will get a charitable donation receipt. The balance of your contribution will be used to purchase a commercial annuity from an insurance company that will pay the amount promised to you as income for a set term or for the rest of your life.
Upon your death, any remaining funds not yet paid out to you will be directed to the Foundation.
Learn MoreBy letting the HSC Foundation know of your intentions to leave a legacy gift, you will become a member of the Bannatyne Legacy Circle—our esteemed community of legacy donors. The Bannatyne Legacy Circle—named in honour of Annie and Andrew Bannatyne—is a community of supporters who have chosen to leave a lasting gift to HSC through their estate.
As a member of the Bannatyne Legacy Circle, you’ll be recognized for your commitment to advancing health care in Manitoba. Your life story will be professionally written, and showcased in a variety of ways including on our website, and amplified through social media
There is no minimum gift requirement, and you never have to disclose the amount in your lifetime. If you choose to remain anonymous as a legacy donor, we will faithfully honour your wishes.
Endowed legacy gifts are invested and professionally managed, with annual interest earned directed to HSC according to your wishes—supporting patient care, research, and innovation for generations to come.
Anyone can leave a legacy gift. It’s a meaningful way to provide a future gift without affecting your finances today.
As a member of the Bannatyne Legacy Circle, you’ll receive invitations to special events and Foundation programs—offering a closer look at the impact your gift will have over time.
The Bannatyne Legacy Circle—named in honour of Annie and Andrew Bannatyne—is a community of supporters committed to supporting HSC by endowing a final gift to the Foundation when they pass away.
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Contact: Irma McKenzie, Director of Gift Planning and Human Resources
Phone: 204-515-5624 or 1-800-679-8493 (toll-free)
Email: [email protected]
This material provides general information and is not intended to constitute or replace specific professional advice. Donors considering a legacy gift should speak to an advisor with appropriate tax and other expertise to implement a strategy that achieves their objectives.
