Bequests
Planning a legacy and the distribution of your wealth can be a rewarding experience. It ensures that the people and charities you care about will be taken care of. A bequest in your will is one of the easiest gifts you can make and can result in lower estate taxes for you and your heirs.

There are three kinds of bequests:

• A specific bequest directs that The Scarborough Hospital Foundation receive a specific amount of property, usually a sum of cash.
• A residual bequest designates all or a portion of the remaining assets of an estate after all debts, taxes, expenses and specific bequests have been paid.
• A contingent bequest takes effect only if the primary intention cannot be met, for example, if the beneficiary does not survive the donor. This type of bequest ensures that the property you intended will pass to your charity of choice rather than the government or other unintended beneficiaries.

A bequest provides a wonderful opportunity for you to make a significant donation that would not have been possible during your lifetime. Your estate and its beneficiaries benefit from significant financial and tax savings.

Click on the following documents to assist you in planning your bequest gift:

Planned Giving Guide 
My Bequest Testimonial
Frequently Asked Questions about Gift Planning

If you would like to speak with a representative from the Foundation, please contact The Scarborough Hospital Foundation at 416.431.8130 or foundation@tsh.to.

A Bequest Story
In reviewing her estate plan, Sally decided that she didn’t want half of her remaining RRIF to be paid out as taxes. Instead, she chose to leave this $40,000 asset to The Scarborough Hospital Foundation through a specific bequest in her will. The Scarborough Hospital Foundation received the entire amount, and the taxes that Sally’s estate would have owed were offset by the $40,000 charitable tax receipt.