A Planned Gift a Lasting Legacy for the Health of Future Generations
The future health care is being built today. By planning your donation, you are contributing directly to the advancement of current research and enabling the CHUM’s care teams to build a future where the terms “incurable, sequelae and side effects” will become less and less common for the thousands of CHUM patients.
What is a Planned Gift?
Planned giving is a way of ensuring the continuity of your support for the Foundation and its hospital while respecting your personal, family, and tax situation.
A donation can be planned whenever you wish, in whatever way is most convenient and advantageous for you, for example:
Legacy Donation
A legacy donation allows you to bequeath an amount, a specific asset, or a percentage of the assets in your will to the CHUM Foundation. It’s a simple and accessible way to give while continuing to care for your loved ones.
To make a gift to the CHUM Foundation in your will, it’s important to use the right wording.
Particular request
“I bequeath to the Centre hospitalier de l’Université de Montréal (CHUM) Foundation, charitable registration number 88342 9961 RR0001, the sum of $10,000 (for example, or the XYZ Inc. shares in my portfolio, or a description of any other specific asset) for the purposes of this organization”.
Universal request
“I bequeath to the Centre hospitalier de l’Université de Montréal (CHUM) Foundation, charitable registration number 88342 9961 RR0001, all (or a percentage of 10%, for example) of my estate, for the purposes of this organization.”
Residual universal resquest
“I bequeath to the Centre hospitalier de l’Université de Montréal (CHUM) Foundation, charitable registration number 88342 9961 RR0001, the residue of my estate (or in the proportions of 10%, for example) for the purposes pursued by this organization.”
You can also add a clause to your will allowing the CHUM Foundation (your heir in this case) to appoint a liquidator.
Wording sample: “I leave the decision to my heirs, by a majority, or by unanimous agreement, to appoint a liquidator to my succession.”
Confidential letter of intent to leave a gift in your will
If you would like to fill out a letter of intent and share certain information with the CHUM Foundation about your legacy gift, it will help us to better plan and administer your donations. This statement is entirely confidential, and you can change or cancel it at any time.
You can download and fill out your letter of intent here.
Life Insurance Donation
This type of donation allows you to do something significant for the CHUM Foundation while spending only a portion of the capital donated. If you’d like to make a major gift without affecting your current finances, you can designate the CHUM Foundation as the beneficiary of a life insurance policy by filling out a simple form.
Eligible Securities Donation
This type of donation is especially suitable for people who own securities (outside of registered plans such as RRSPs, RRIFs, TFSAs) that have appreciated since they were acquired. From a tax standpoint, this is one of the most advantageous ways to give.
Registered Plan Donation (e.g. RRSP or RRIF)
If you don’t need your withdrawals to meet your needs, you can choose to donate them to the CHUM Foundation and receive a tax receipt to reduce your taxes. You could also include a clause in your will specifying that you leave your registered plan to the CHUM Foundation. These are the assets that are most heavily taxed at the time of death, if you don’t have a spouse.
Other types of donations include endowments, charitable trusts and gifts of real estate.
Contact us if you want more informations about the possibilities of donation.
Choosing planned giving is:
having a significant and lasting impact on the CHUM Foundation;
contributing to a healthy future for generations to come;
ensuring that your values of mutual aid and the cause you care about will live on;
reducing your tax burden or that of your estate.
We recommend that you consult your financial or legal advisor to maximize the benefits of your situation. If you would like to make a planned gift to the CHUM Foundation, we will be happy to assist you in thinking about your donation, without obligation and in complete confidentiality.
Gift Tabulator
See the impact of your donation with our donation calculator.
The CHUM Foundation is proud to be associated with the 2023 Will Power campaign, which aims to raise public awareness about the significant impact people can have on the causes they care about by leaving a charitable gift in their will.
Contact us to discuss your options confidentially and with no commitment
Véronique Salibur
Advisory Director,
Major and Planned Gifts
514 444-8186
veronique.salibur.chum@ssss.gouv.qc.ca
