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 making a 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.
How to make a gift in will
Types of gift
Your first step is to decide the type of gift you would like to make. You can make your gift by:
- 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).
- Bequeathing a specific piece of property like a home, securities (for instance, stocks or mutual funds) or other financial asset.
Once you decide what form your gift will take, your next step is to prepare a will or codicil and include a phrase about your intention to make a gift.
When stating your intent, please be specific in naming us as the beneficiary of your gift by:
- Using our full legal name, “St. Paul’s Hospital Foundation of Vancouver”
- Including our charitable registration number, “11925 7939 RR0001″
Here are some phrases that may be useful in stating your intent:
- Bequests of a certain dollar amount: “I give to St. Paul’s Hospital Foundation of Vancouver the sum of $______ from my estate to be used for the greatest needs of the hospital.”
- Bequests of a percentage of the residue of your estate: “I give to St. Paul’s Hospital Foundation of Vancouver ______% of the residue of my estate to be used for the greatest needs of the hospital.”
Here are some phrases that may be useful if you would like to designate your gift to a specific department or project at the hospital:
- Statement of intent: “I give to St. Paul’s Hospital Foundation of Vancouver ______% of the residue of my estate to be designated for______________________.”
- Power to vary clause: As funding needs for departments or projects change over time, we recommend you include a paragraph stating, “If in the opinion of the Board of Directors of St. Paul’s Hospital Foundation of Vancouver, it should become impossible, inadvisable or impractical to use this gift for the specified purposes indicated in my will, then the Board may in their discretion use the gift to the best advantage of St. Paul’s Hospital, keeping in mind my original wishes.”
Informing us of your intent
We respect your choice to maintain your privacy when you decide to make a gift in will to St. Paul’s. However, if you decide to inform us of your intent to leave a gift in will, we would be happy to recognize you as a member of the Caring for the Future Society and answer any questions you may have.
To inform us of your intent, you can complete our Planned Gift Confirmation Form (117 kB PDF) or contact:
Manager, Planned Giving