If you or a loved one has benefited from our care, a gift in your will to St. Paul’s Hospital Foundation of Vancouver is an effective way to create a lasting legacy of caring that will live on to support future generations.
Benefits of gift in will
- Leave a long-term legacy on patient care, research and medical teaching at St. Paul’s.
- Make a gift without affecting your current finances.
- Create tax benefits for your heirs.
Types of gifts in will
Your gift in will can take one of the following forms:
- Setting aside a certain dollar amount;
- Designating a percentage of the residue of your estate (the remainder of the estate once all designated gifts have been made and administrative expenses and taxes have been paid); or
- Bequeathing a specific piece of property like a home, securities (for instance, stocks or mutual funds) or other financial asset.
How to make a gift in will
Once you decide what form your gift will take, you simply need to prepare a will or codicil and include a phrase about your intention to make a gift.
Here are some sample phrases:
- “I give to St. Paul’s Hospital Foundation of Vancouver ____% of the residue of my estate (or the sum of $______) for purposes determined by its Board of Directors.”
- To designate your gift for a specific purpose or clinical area, you might include this phrase: “I give to St. Paul’s Hospital Foundation of Vancouver ____% of the residue of my estate (or the sum of $______) for the purpose of _____________.”
Note: when designating your gift for a specific area or purpose, it may be useful to check with us first to ensure the proper wording/names are used. Our legal name is “St. Paul’s Hospital Foundation of Vancouver.”
