Including a gift in your will is easy. It’s a straightforward way to support healthcare of the future. And, it also allows you to maintain control over your assets for the rest of your life.
If you choose to leave a gift to Michael Garron Hospital in your will, here are the two key pieces of information you will need:
Legal name: Toronto East Health Network Foundation operating as Michael Garron Hospital Foundation
Charitable registration number: 11925 9448 RR0001
To make the process of leaving a gift in your will to Michael Garron Hospital as easy and convenient as possible, you can also download a document containing sample will wording. This will provide your legal counsel with the necessary language.
Options for making a gift in your will
Whether you’re planning for retirement, have experienced changes to your health or marital status, are adding a child or grandchild to your family, or are about to mark a significant life milestone; if you’re making or updating your will, this is an ideal time to share your charitable intentions with your family and professional advisors.
Many people who choose to leave a gift to charity in their will make one of the following common types of legacy gifts:
A residual gift allows you to designate whatever remains of your estate after all debts, taxes, expenses, and all other bequests to your beneficiaries (including family and friends) have been fulfilled. You may prefer this option if you’re unsure of the total size of your estate or you’re interested in dividing your total assets among a few beneficiaries.
Sample wording: “I give, devise and bequeath to TORONTO EAST HEALTH NETWORK FOUNDATION, operating as MICHAEL GARRON HOSPITAL FOUNDATION bearing registration number 11925 9448 RR0001, all (or a portion) of the residue of my estate.”
Specific purpose gift
A specific purpose gift permits you to direct your gift. Please keep in mind that your gift may be realized many, many years from now and some hospital departments or programs may no longer be operating. We recommend that you use wording that is as broad as possible and we can assist you.
Sample wording: “I give, devise and bequeath to TORONTO EAST HEALTH NETWORK FOUNDATION, operating as MICHAEL GARRON HOSPITAL FOUNDATION bearing registration number 11925 9448 RR0001, a specific amount/specific asset/all or a portion of the residue of my estate to be used for the following purpose:
- list designation here
For additional options, you can also download a document containing sample will wording.
If you have any questions or require any assistance, please don’t hesitate to reach out via email or phone.