WAYS TO GIVE, LEGACY GIVING, HOW TO LEAVE A GIFT
How to Make a Gift to The Saint John Regional Hospital Foundation in Your Will
Learn more about the impact legacy gifts are making
Great hospitals like ours exist because of the generosity of a whole community, across generations. Our parents and grandparents laid down the foundation for the Saint John Regional Hospital that we know today.
1. Record the details you’ll need
If you include the Saint John Regional Hospital Foundation in your will, your lawyer or financial advisor may ask you for the following information:
Legal Name:
Saint John Regional Hospital Foundation
Charitable Registration Number:
BN119132363 RR0001
Address:
Saint John Regional Hospital Foundation 400 University Avenue PO Box 2100 Saint John, New Brunswick E2L 4L2
2. Review your wording with your lawyer
You can add the Saint John Regional Hospital Foundation to your will if you’re making it for the first time, or drafting a codicil to attach to an existing will. A codicil is a legal clause that can be used to make changes to an existing will without recreating the entire document.
3. Decide the type of gift that works for you and the wording you’d like to include in your will
Most people opt to make one of two types of gifts: residual or specific.
A residual gift allows you to give a share or a percentage of whatever is leftover in your estate to charity. You may prefer this option if you’re unsure of the total size of your estate or you’re interested in dividing up your total assets among a few beneficiaries.
Sample wording for a residual gift: “I direct my Trustee to pay and transfer a ____ % share of the rest and residue of my estate to the Saint John Regional Hospital Foundation (charitable registration # BN119132363 RR0001).”
With a specific gift, you set a dollar amount to donate. You may prefer this option if you know the impact you want to make and the size of the gift that works for you.
Sample wording for specific gift: “I direct my Trustee to pay the sum of $_________ Dollars to the Saint John Regional Hospital Foundation (charitable registration # BN119132363 RR0001).”
This is also a great time to meet with a financial advisor who understands charitable giving and can help you plan your estate to meet the goals you envision.
No matter where you are in your estate planning, we’re here to answer any questions you may have. Please reach out any time.
MORE ON LEGACY GIVING:
