Through thoughtful planning, you can turn your assets into a meaningful
Legacy Gift that will help ensure the financial future of the BMP Hospital - and receive
a direct financial benefit in return. In fact, for every planned gift, there is a significant tax
benefit.
These are some of the more popular means by which this can be done:
- Bequests: Many donors use their will to leave a lump sum, or
percentage of their estate to the BMP Foundation. These gifts may be used to acquire a specific
gift, or to build the Endowment Fund of the BMP Foundation.
- Property
: Residential or commercial property and land can be donated directly to the BMP
Foundation, or used to fund a gift annuity.
- Life Insurance
: Life insurance programs or policies offer a number of opportunities for donors to make a
substantial gift to the BMP Foundation in the future.
Some donors choose to simply
transfer a mature life insurance policy into the Foundation’s name. Others take out a life
insurance policy with the BMP Foundation as the beneficiary. They pay a small annual premium, which
is tax deductible, while their eventual gift to the BMP Hospital is substantial.
In
partnership with Charity Life Direct , the BMP Foundation is pleased to offer a
secure and efficient online avenue for donors to purchase life insurance with the BMP Foundation
as the beneficiary. Premiums can be spread over one, three or five years and no medical exam is
necessary.
Click here to find out more
about this innovative possibility.
- Gift Annuities : This
gift is similar to an investment. Donors give a lump sum to the BMP Foundation and subsequently
receive a percentage of that money each year until they die. Any asset - from property, to
jewellery, to guaranteed investment certificates - can be donated to the BMP Foundation and
converted into a gift annuity.
For more information on Legacy Gifts , we invite
you to contact the Foundation office at (450) 266-5548, or to consult directly with your
notary or financial advisor.
