About Legacy Giving
More and more Canadians are discovering estate planning as another way to give to the Heart and Stroke Foundation of Canada. A legacy gift is a gift with lasting meaning – a gift of time that awards future generations of Canadians with the blessing of good health.
Leaving a legacy gift is one of the most valuable ways to help the Heart and Stroke Foundation continue to make life-saving discoveries well into the future. Your legacy gift will build on the Foundation's history of innovative, ground-breaking research, education and advocacy. It will be a lasting statement of your generosity and care for members of your community and their future. A gift you and your family will be proud of. Giving can also reduce your taxes, add to your income, and increase benefits to your estate and its beneficiaries.
Deciding what legacy gift is right for you is just as important as your decision to leave a legacy. Click on the menu to learn more about the many different ways you can give.
How to Leave a Legacy
Choosing to leave a legacy from the heart brings meaning, dignity and purpose to a life well lived. Your legacy gift gives you a way to be part of the charitable and community work that is most meaningful to you. Your gift allows these important causes to be well supported now and long after you are gone. Leaving a gift in your Will is a way to make sure that your memory lives on.Top 10 things you can do to create a legacy that lives on.
Create a legacy that lives on.
A Will is a formal legal document in which you specify who you wish your possessions to be gifted to after your death. If you were to die without a properly written Will, your lifetime accumulation of wealth would be distributed according to provincial law, regardless of your family's wishes otherwise.
A properly prepared Will provides you with the security of knowing that your possessions and estate will be distributed in line with your personal values and wishes. When planning your Will, it's important to decide your personal goals and the needs of your beneficiaries. Once decided, a bequest in your Will is one of the easiest ways to make a legacy gift. With the help of an advisor, you can include language in your Will specifying what gifts are to be made to family members, friends or the Foundation as part of your estate plan.
Your Bequest Options:
Charitable Bequests can take many forms and often consist of cash, real property and/or securities like stocks, bonds and mutual funds.
Residual Bequests name the Heart and Stroke Foundation of Canada as the beneficiary of all, or a percentage of your estate after all debts, taxes, administrative expenses and specific/legacies bequests have been paid. Because this type of gift leaves a percentage rather than a fixed amount to the Foundation, inflation will not reduce the value of your gift.
Specific/Legacy Bequests designate an exact dollar amount, percentage or particular asset, such as the stock of a certain company, to be donated to the Heart and Stroke Foundation of Canada.
Contingent Bequests take effect when you name the Heart and Stroke Foundation of Canada as an alternate beneficiary. Your gift is given to the Foundation only if other beneficiaries in your Will pass away before your passing.
Your legal advisor can help you prepare a Will that addresses your individual wishes and requirements.
Learn more about charitable bequests.
Gifts of Securities
Make a Healthy Investment
When you make a gift of securities to the Heart and Stroke Foundation, you put stock in knowing you are supporting vital research, health education and advocacy programs. From funding research discoveries which increase cardiac arrest survival rates, to educating at-risk groups about lowering their blood pressure and living a healthy lifestyle, you help create better, healthier lives for thousands of people across Canada.
Your gift of securities entitles you to a donation receipt for the full market value (resale) of your contribution. Your gift of securities will result in a generous, non-refundable tax credit that will have the effect of lowering your income taxes. You can use your tax credit in the year of your gift or carry it forward for up to five additional years.
You pay no capital gains tax on the appreciated value (increased price) of your securities. Capital gains tax on appreciated securities donated to a charity was completely eliminated by the federal government in 2006. Donating securities directly to the Heart and Stroke Foundation avoids the tax on capital gains, maximizes the return on your investment and protects the tax credits for use against other taxable income.
To learn more about the benefits read How to give a gift of publicly traded securities
A minimum value of $1,000 or more will be accepted. This minimum reflects the high cost of processing gifts of securities due to costs such as the brokerage commission and market changes.
Download the securities transfer form for your Province:Alberta
BC & Yukon
Prince Edward Island
Use the Gifts of Securities Calculator
Other Legacy Gifts
Canadians give for many different reasons and different ways: for some it is a way to ensure their memory lives on, for many it’s a way to ensure that their favorite charity is able to continue its important work, while for others it represents a way to ease the tax implications that come with the transfer of one’s estate to surviving relatives.
Gift of Retirement Plan Savings (RRSPs/RRIFs)
Making a gift of your retirement plan savings – RRSPs (Registered Retirement Savings Plans) or RRIFs (Registered Retirement Income Funds) – can help to reduce the taxes on your estate and protect its value for your heirs. It also enables you to make a significant impact on the life-saving work of the Heart and Stroke Foundation across Canada.
If you are not survived by a spouse and you have no dependent children or have already made arrangements for your dependent children, leftover retirement funds can make an excellent charitable gift because the resulting tax credit will help to make up for the taxes otherwise payable on the transfer or distribution.
Learn more about gifts of RRSPs and RRIFs
Gift of Life Insurance
A gift of life insurance allows you to make a significant donation to the Heart and Stroke Foundation at a relatively low cost while protecting the value of your estate for your heirs and possibly saving on taxes.
Option 1: Name the Foundation as Policy Owner and Beneficiary
Option 2: Name the Foundation as a Beneficiary Only.
Charitable Gift Annuities
A Charitable Gift Annuity (CGA) offers you a way to increase your income, reduce your taxes and make a substantial gift to the Heart and Stroke Foundation in support of innovative, ground-breaking research. CGAs deliver both a gift to the Heart and Stroke Foundation and a guaranteed income for life to you as a donor.
The annuity rate (your guaranteed income) will be based on the age of each beneficiary, but will often be higher than the investment return you would have otherwise received on the donated assets. In addition, a significant portion of your annuity income payments - in some cases 100 percent - will be payable to you—tax-free.
Learn more about charitable gift annuities
Gifts of Property
A gift of property, also called a "gift-in-kind," refers to donations of such tangible assets as real estate, special collections, cultural property and works of art.
A gift of property may be kept and used by the Heart and Stroke Foundation or it may be sold. The donation receipt is issued for the fair market value of the donated property as determined by appraisal. Please note that these gifts require Heart and Stroke Foundation approval in advance of acceptance.
Learn more about gifts of property.
Gifts of Charitable Remainder Trusts
A Charitable Remainder Trust (CRT) is a deferred giving arrangement under which you would transfer property (cash, appreciated securities, or real estate) to a trustee. You (and/or other beneficiaries) would retain the right to the income from the trust either for life or a specified term of years. The Heart and Stroke Foundation will receive whatever remains in the trust after that specified term or after the death of the last beneficiary, whichever has been agreed to in the trust document.
Donors who establish a CRT will receive a generous donation receipt today for the present value oftheir gift (the “charitable remainder”) which the Foundation will receive when the trust terminates.
Learn more about charitable remainder trusts
Estate Planning Resources
Legal Name: Heart and Stroke Foundation of Canada
Charitable Registration # 10684 6942 RR0001
Provincial Legacy Representatives*
Alberta & NWT/Nunavut
Bruce Noble, Senior Advisor, Gift Planning
Marina Klabukova, Estate Administrator
T: 403-351-7051 firstname.lastname@example.org
Heart and Stroke Foundation, 100-119 14 Street, NW Calgary, AB T2N 1Z6
Alberta Gift of Securities Form
British Columbia & Yukon
Jane Westheuser, Advisor, Gift Planning/Estate Administrator
T 778-372-8020 email@example.com
Heart and Stroke Foundation, 1212 West Broadway, Suite #200, Vancouver, BC V6H 3V2
British Columbia Gift of Securities Form
Lorri Podolski, Advisor, Gift Planning/Estate Administrator
T 431-800-5033 firstname.lastname@example.org
Heart and Stroke Foundation, 6 Donald Street, Winnipeg, MB R3L 0K6
Manitoba Gift of Securities Form
Paula McKinley, Director of Gift Planning
1-800-663-3600 T: 506-634-2055 ext.2064 email@example.com
Heart and Stroke Foundation of New Brunswick, 133 Prince William Street, 5th Floor, Saint John, NB E2L 2B5
New Brunswick Gift of Securities Form
Newfoundland & Labradour
Mary Ann Butt, Chief Executive Officer/Estate Administrator
T 709-753-8521 ext. 201 firstname.lastname@example.org
Heart and Stroke Foundation, PO Box 670, Mount Pearl, NFLD A1N 2X1
Newfoundland Gift of Securities Form
Christine Baker, Vice President, Philanthropy
T 902-334-1122 email@example.com
Laureen Russell, Estate Administrator
T 902-334-1116 firstname.lastname@example.org
Heart and Stroke Foundation, 5657 Spring Garden Road, Box 245, Halifax, NS B3J 3R4
Nova Scotia Gift of Securities Form
Mary Goodfellow, Senior Gift Planning Advisor
T 647-943-3086 email@example.com
Ruth Cashell, Senior Administrative Assistant
T 647-943-3104 firstname.lastname@example.org
Heart and Stroke Foundation, 1300-2300 Yonge Street, Box 2414, Toronto, ON M4P 1E4
*Bequest administration is managed by each province where the donor resides.
For more information please contact us. We'd be happy to help you leave your legacy through the Heart and Stroke Foundation.
Disclaimer: This material provides general information and is not intended to constitute or replace specific professional advice. Donors considering a legacy gift should speak to an advisor with appropriate tax and other expertise to implement a strategy that achieves their objectives.