Family: the cornerstone of our communities and the reason Ronald McDonald House Charities Southern & Central Alberta exists. A planned gift provides an enduring way for you to help keep families close during one of the most difficult times of their lives – the illness of a child. It also can have tax benefits in the present and for your estate.
Naming RMHC Southern & Central Alberta as a beneficiary in your will is one of the simplest legacy giving options available to you.
One way to make a contribution is to designate a percentage of what is left of your estate or assets after other gifts or debts have been paid. This is known as a “residual gift”. You can leave a residual gift to RMHC Southern & Central Alberta by asking your lawyer to add some simple wording to your will. This will not impact the gifts you leave to your loved ones.
Sample wording for a residual gift in your will:
I give to Ronald McDonald House Charities Southern & Central Alberta [or you may specify either the Southern or Central Alberta House], currently of 111 West Campus Place NW, Calgary, Alberta T3B 2R6, all [or a designated percentage] of the residue of my estate, to be used at the discretion of the organization.
You can also opt to leave a fixed sum of money to charity in your will, known as a “specific gift”. You can leave a specific gift to RMHC Southern & Central Alberta by asking your lawyer to add some simple wording to your will. This will not impact the gifts you leave to your loved ones.
Sample wording for a specific gift in your will:
I give to Ronald McDonald House Charities Southern & Central Alberta [or you may specify either the Southern or Central Alberta House], currently of 111 West Campus Place NW, Calgary, Alberta T3B 2R6, the sum of $____ to be used at the discretion of the organization.
If you have chosen to include RMHC Southern & Central Alberta in your will or have any questions, please contact our Director of Resource Development Lisa Barrett by email or by phoning 403-240-3000 ext. 128.
We would love to have an opportunity to personally thank you for your contribution and show you the impact your gift will make first-hand by scheduling a time to have you visit Ronald McDonald House.
Please note that we recommend you consult a professional legal advisor when planning or updating your will.
Donations of RRSPs, RRIFs and pensions can be made now or as part of your estate. The amount which can be receipted and tax benefits vary depending on which option works best for you. Please consult your financial advisor to learn more about your options.
If you’re wishing to make a legacy gift, another option is a gift of property. This can include both real estate and personal items of value such as jewelry and antiques. Gifts of property are receipted at appraised fair market value. We recommend you seek the advice of your lawyer prior to leaving your gift.
You can also choose to leave a legacy by naming RMHC Southern & Central Alberta as the beneficiary of an existing or new life insurance policy. A gift of life insurance can be made in three ways:
One of the benefits of making a gift of life insurance is tax relief in the present and for your estate. Specific tax benefits and the amount receipted depend on which of the above options you choose. Please consult your financial planner to figure out which option is best for you.
A gift of securities is another method of planned giving that has both great benefit to the families who stay with us and your taxes.
When you transfer stocks, bonds, mutual funds and other publicly traded securities to RMHC Southern & Central Alberta, you’ll receive a tax receipt for their value and avoid paying capital gains tax.
We recommend you consult your financial advisor when planning any legacy gift. You may also wish to ask your financial advisor about charitable gift annuities.
Your gift will have a lasting impact on the lives of the sick children and their families who stay with us. It will allow us to continue providing families with an affordable and comfortable home away from home while caring for their sick child.
Please contact our Director of Resource Development Lisa Barrett with any questions you may have about making a legacy gift by email or by phoning 403-240-3000 ext. 128.
We recommend you discuss your legacy giving options and plans with your lawyer and/or financial advisor.
The information found on this webpage is for informational purposes only. It is not intended as a substitute for professional advice and assistance from your lawyer, financial advisor or tax consultant.