Gifts of securities and other planned gifts
By supporting health care during your lifetime or through a planned gift, you are helping to build a future where hope, care, and innovation will continue to transform lives for generations to come. Planned giving is an integral part of your financial, tax, or estate planning.
A great opportunity to also leave a lasting impact on the lives of thousands of people.
Donation in a will
Through your will, you can support the mission of the CHUS Foundation by making a donation of money, securities, real estate, or other assets.
A donation in a will entitles the donor to a tax receipt that can be used when filing the deceased’s income tax return, thus considerably reducing the tax payable by the estate, and thereby having little effect on the share that each of the other heirs will receive.
Life insurance donation
A donation of life insurance is an exceptional way to make a substantial donation to the CHUS Foundation without having to pay out large sums.
If the donor remains the owner of the policy and names the CHUS Foundation as the beneficiary, the donor’s estate will receive a tax receipt for the amount of insurance passed on at the time of death.
If the donor donates the policy and the CHUS Foundation becomes the irrevocable owner and beneficiary, there will be no tax benefit at death, but the donor will receive a tax credit each year the premium is paid.
Case study
Simon, 44 years old and in good health, decides to support the CHUS Foundation by taking out a $100,000 life insurance policy, of which the Foundation will be the owner and irrevocable beneficiary.
His premiums will be $2,200 per year, for a period of 10 years.
By applying the 50% charitable tax credit on his premium payments, Simon’s donation will actually cost him about $11,000, but will yield $100,000 to the CHUS Foundation upon his death.
*Simplified calculation for illustrative purposes. Credit rounded to 50% and estimated premiums for example.
Donation of shares or securities
Do you hold publicly traded shares, mutual fund units, bonds or other securities and would like to make a donation to the CHUS Foundation?
The shares donation allows you not to pay tax on the taxable portion of your capital gain. In addition, you will be issued a tax receipt for 100% of the fair market value of the securities.
Case study
Ms. Loubier owns $20,000 worth of shares in the public company XYZ Inc. that she acquired for $5,000. She wishes to sell her shares and donate the proceeds to the CHUS Foundation.
It will be much more advantageous for her to transfer her shares directly to the Foundation rather than selling them, because in this way, in addition to obtaining a charitable donation tax credit of approximately 50%, she will avoid taxation on the capital gain of approximately $3,200.
Thus, her $20,000 donation will actually cost her $10,000 after tax, rather than $13,200.
*Simplified calculation for illustrative purposes. Credit rounded to 50% and tax rate of 42%.
Thank you for giving for health!
At the CHUS Foundation, we will be pleased to support you in your thinking and to work with your financial or legal advisor to help you establish the form of donation that best suits your philanthropic objectives, while taking into account your personal and financial situation.
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