| Your gift through your Registered Retirement Plan |
Registered Retirement Savings Plans (RRSPs) and Registered
Retirement Income Funds (RRIFs) can also provide an excellent way to
further your charitable interests.
Naming the Greater Niagara General Hospital Foundation as the
beneficiary of your registered retirement savings plan or retirement
income fund is easy to do and can be highly beneficial. You can also
choose to name the GNGH Foundation as the primary beneficiary, or as a
secondary beneficiary in the event that your spouse or other primary
recipient should pass on before you.
It is not necessary to amend your will in order to take advantage of this
option, and designating a charitable beneficiary does not affect your own
use of the retirement funds in any way.
When you name the GNGH Foundation directly as beneficiary of your
registered retirement plan, your estate will save probate fees because it
transfers outside of your estate.
Your gift is treated as a charitable donation in the year of death and is
eligible for a tax credit on your final tax return, and/or the one immediately
preceding the final return. The tax credit may completely offset the taxes
payable on the proceeds
Retirement Income Funds (RRIFs) can also provide an excellent way to
further your charitable interests.
Naming the Greater Niagara General Hospital Foundation as the
beneficiary of your registered retirement savings plan or retirement
income fund is easy to do and can be highly beneficial. You can also
choose to name the GNGH Foundation as the primary beneficiary, or as a
secondary beneficiary in the event that your spouse or other primary
recipient should pass on before you.
It is not necessary to amend your will in order to take advantage of this
option, and designating a charitable beneficiary does not affect your own
use of the retirement funds in any way.
When you name the GNGH Foundation directly as beneficiary of your
registered retirement plan, your estate will save probate fees because it
transfers outside of your estate.
Your gift is treated as a charitable donation in the year of death and is
eligible for a tax credit on your final tax return, and/or the one immediately
preceding the final return. The tax credit may completely offset the taxes
payable on the proceeds
| Leaving a gift by naming the GNGH Foundation as a beneficiary of your registered retirement plan (RRSP or RRIF) entitles you to become a member of the Heritage Society. |
| Return to Ways to Give |
| Always consult with your professional advisor (estate lawyer, accountant, insurance representative, or financial planner) before making any planned gift. |
