Have you made a bequest?

Please let us know if you have made a planned gift so that we can thank you in person. If you wish to be recognized, we would like to honour you in our Legacy Society Hall of Honour.

What is a bequest?

Bequests provide flexibility to a donor because they are revocable (by amending the Will), and allow for a variety of ways to give. For example, donors can bequeath a pre-determined amount of money, specific property or a share/percentage of their estate residue (remainder or share) after payment of all taxes and debts.

A charitable bequest generates a tax receipt, providing a tax credit to offset up to 100 per cent of the income in the year of death. Any unused credit can be carried back to the year preceding death. This refund of tax will effectively transfer tax dollars from the hands of the taxman back to the estate for distribution to beneficiaries.

Before making any decisions or commitments, SMGH Foundation recommends that donors seek qualified legal counsel and always consult with an independent financial advisor.

For more information, please contact:

Susan McLean, CFRE
Chief Executive Officer
O: 519-245-5632
M: 519-521-5299
View Susan McLean's profile on LinkedIn