Planned Giving – for your future, for the future of your family

There has been much said and written about “planned giving”. Grandparents and grandchildren

So, what exactly does that mean? In a word, it means security.

Security for your retirement, security for your family and security for your estate.

There can be great comfort in knowing that you have set a plan that will provide for your family in the future, as well as leaving a legacy for your future generations to be proud of.

A more tangible benefit of planned giving are the tax savings that can be realized by choosing the option most beneficial to your portfolio. Your financial planner, accountant or legal advisor can give you options that are best for your personal planning and we encourage you to obtain sound financial advice from a professional.

Once your plan is in place, please consider a gift to the Vernon Jubilee Hospital Foundation.

There are many ways to create your legacy and many ways to receive a tax benefit from your gift and, by doing so, make a very important and lasting difference at Vernon Jubilee Hospital.

Bequests

Name VJH in your will and you can designate as a specific amount, a percentage of your estate or the amount left after your other beneficiaries and estate expenses have been satisfied (referred to as a residual bequest). More information is available on the Leave a Legacy website.

Life Insurance

A donor can transfer the ownership of an existing policy to the VJH Foundation or change the name of the beneficiary to VJHF – or both. If the ownership is transferred, VJHF will take over monthly payments and the donor makes the equivalent monthly donation to VJHF. At the conclusion of the tax year, a tax receipt is issued for the total annual payments.

Securities/stocks

As of the May 2006 federal budget, capital gains tax is no longer applicable on gifts of listed securities donated to Canadian Charities. This means that if you donate publicly listed securities to VJH Foundation, you will receive a tax receipt for the appreciated value but will pay NO tax on any capital gains. Stocks must be donated directly to the VJH Foundation and will be sold at the current market value. You will receive a charitable tax receipt for the full fair market value of the shares on the date that the Foundation receives them.

Charitable Annuities

This is an attractive option for retirees and the older you are when you establish a charitable gift annuity, the higher your income will be (you should be 70+). A gift of $10,000 or more is made to VJH Foundation and is invested in a guaranteed life annuity with a major insurance Company. VJHF receives an immediate gift of 20 per cent to 25 per cent for which you receive a tax receipt. Depending on your age, your income will be subject to minimum tax or be tax free. Charitable gift annuities are also irrevocable.

Charitable Remainder Trusts

This is an irrevocable trust that pays income to one or more beneficiaries for life or a specific time frame and then distributes the assets remaining to the VJH Foundation.

Gifts of Property

Real estate, artwork or virtually any other property can be passed on to the Foundation and are eligible for income tax receipts. At the same time you can fulfill your desire to provide a gift to the Foundation.

Family Endowment Funds

A donor can establish an endowment fund for a family member in their lifetime or through their will. Named endowment funds allow you to remain a donor for many years after you are gone. This can be a wonderful legacy to leave for your family name. The principal of the fund is invested in perpetuity, and only the income is used to support the equipment needs of the hospital.

We currently receive income from the following endowment funds:

Armanious Family Endowment Fund
Art Sovereign Pediatric Unit Fund
Beatrice I Perry Endowment Fund
Blankley Family Memorial Fund
Caroline Galbraith Cancer Fund
Doreen Abbott-Smith Endowment for Healthcare fund
Dorothy May Myatt Endowment for Healthcare Fund
Elizabeth Dubray Memorial Fund for Healthcare
Fernande Deltenre Endowment Fund
Florence Ellen Robey Endowment for Healthcare Fund
Gardner Ross Hardman Endowment for Healthcare
Henry & Mae Wong Endowment Fund
Herbert & Frieda Drauzburg Endowment Fund
Joan James Memorial Endowment Fund
Lyle & Darlene Lewis – VJH Cancer Clinic Endowment Fund
Lyle & Darlene Lewis – VJH Cardiac Care Endowment Fund
Lyle & Darlene Lewis – VJH Ultrasound Endowment Fund
Maureen Bryant Endowment Fund
Martin Goble Memorial Fund for Healthcare
Norman Frederick Kennedy Endowment Fund
Robert Barclay McClelland Endowment for Healthcare Fund
Robert D. McLean Diabetic Daycare Fund
Robert Duncan McLean Endowment Fund
Stewart Fraser Healthcare Fund
Vernon Jubilee Hospital Foundation Endowment Fund
Vernon Jubilee Hospital Foundation Vision Fund
Walter & Jiraporn Henkels Endowment for Healthcare
William Seibt Fund for Healthcare
Xel & Cora Monsees Endowment Fund

For further information regarding planned giving, contact:
250.558.1362
info@vjhfoundation.org


	Home History Foundation Our Hospital How to Give News Community Planned Giving Special Events Donor Recognition Event Sponsors Staff Support Donate Now Job Postings e-Boutique Contact Us	Planned Giving – for your future, for the future of your family Bequests \| Life Insurance \| Securities/stocks \| Charitable Annuities \| Charitable Remainder Trusts \| Gifts of Property \| Family Endowment Funds There has been much said and written about “planned giving”. So, what exactly does that mean? In a word, it means security. Security for your retirement, security for your family and security for your estate. There can be great comfort in knowing that you have set a plan that will provide for your family in the future, as well as leaving a legacy for your future generations to be proud of. A more tangible benefit of planned giving are the tax savings that can be realized by choosing the option most beneficial to your portfolio. Your financial planner, accountant or legal advisor can give you options that are best for your personal planning and we encourage you to obtain sound financial advice from a professional. Once your plan is in place, please consider a gift to the Vernon Jubilee Hospital Foundation. There are many ways to create your legacy and many ways to receive a tax benefit from your gift and, by doing so, make a very important and lasting difference at Vernon Jubilee Hospital. Bequests Name VJH in your will and you can designate as a specific amount, a percentage of your estate or the amount left after your other beneficiaries and estate expenses have been satisfied (referred to as a residual bequest). More information is available on the Leave a Legacy website. Life Insurance A donor can transfer the ownership of an existing policy to the VJH Foundation or change the name of the beneficiary to VJHF – or both. If the ownership is transferred, VJHF will take over monthly payments and the donor makes the equivalent monthly donation to VJHF. At the conclusion of the tax year, a tax receipt is issued for the total annual payments. Securities/stocks As of the May 2006 federal budget, capital gains tax is no longer applicable on gifts of listed securities donated to Canadian Charities. This means that if you donate publicly listed securities to VJH Foundation, you will receive a tax receipt for the appreciated value but *will pay NO tax on any capital gains.* Stocks must be donated directly to the VJH Foundation and will be sold at the current market value. You will receive a charitable tax receipt for the full fair market value of the shares on the date that the Foundation receives them. Charitable Annuities This is an attractive option for retirees and the older you are when you establish a charitable gift annuity, the higher your income will be (you should be 70+). A gift of $10,000 or more is made to VJH Foundation and is invested in a guaranteed life annuity with a major insurance Company. VJHF receives an immediate gift of 20 per cent to 25 per cent for which you receive a tax receipt. Depending on your age, your income will be subject to minimum tax or be tax free. Charitable gift annuities are also irrevocable. Charitable Remainder Trusts This is an irrevocable trust that pays income to one or more beneficiaries for life or a specific time frame and then distributes the assets remaining to the VJH Foundation. Gifts of Property Real estate, artwork or virtually any other property can be passed on to the Foundation and are eligible for income tax receipts. At the same time you can fulfill your desire to provide a gift to the Foundation. Family Endowment Funds A donor can establish an endowment fund for a family member in their lifetime or through their will. Named endowment funds allow you to remain a donor for many years after you are gone. This can be a wonderful legacy to leave for your family name. The principal of the fund is invested in perpetuity, and only the income is used to support the equipment needs of the hospital. We currently receive income from the following endowment funds: Armanious Family Endowment Fund Art Sovereign Pediatric Unit Fund Beatrice I Perry Endowment Fund Blankley Family Memorial Fund Caroline Galbraith Cancer Fund Doreen Abbott-Smith Endowment for Healthcare fund Dorothy May Myatt Endowment for Healthcare Fund Elizabeth Dubray Memorial Fund for Healthcare Fernande Deltenre Endowment Fund Florence Ellen Robey Endowment for Healthcare Fund Gardner Ross Hardman Endowment for Healthcare Henry & Mae Wong Endowment Fund Herbert & Frieda Drauzburg Endowment Fund Joan James Memorial Endowment Fund Lyle & Darlene Lewis – VJH Cancer Clinic Endowment Fund Lyle & Darlene Lewis – VJH Cardiac Care Endowment Fund Lyle & Darlene Lewis – VJH Ultrasound Endowment Fund Maureen Bryant Endowment Fund Martin Goble Memorial Fund for Healthcare Norman Frederick Kennedy Endowment Fund Robert Barclay McClelland Endowment for Healthcare Fund Robert D. McLean Diabetic Daycare Fund Robert Duncan McLean Endowment Fund Stewart Fraser Healthcare Fund Vernon Jubilee Hospital Foundation Endowment Fund Vernon Jubilee Hospital Foundation Vision Fund Walter & Jiraporn Henkels Endowment for Healthcare William Seibt Fund for Healthcare Xel & Cora Monsees Endowment Fund For further information regarding planned giving, contact: 250.558.1362 info@vjhfoundation.org