As the summer comes to a close and fall approaches, I realized that we are coming up to the first anniversary of SMGH Foundation’s Legacy for Life Donor Recognition wall. This wall was installed last year as a way to recognize the many people who have so generously committed a gift in their Will.
It has been said that making such a gift is an effective way of giving to a good cause for people who do not have funds available right now but have fixed assets such as a farm, cottage or family home.
Due to the current economic conditions, donors are now turning to other ways to donate that will have a lasting impact on patient care. Some of the options they are turning to include a bequest in their will – a gift like Don and Diana Burr of Thedford decided to make after Don had a life saving experience at Strathroy Hospital.
Other ways to help include naming SMGH as the beneficiary of a life insurance policy or of an RRSP or RRIF. Planned giving offers a variety of options that will allow you to make a gift without affecting your current assets or lifestyle.
A planned gift can also offer excellent tax savings opportunities.
If you are interested in supporting the hospital but are not able to give at this time, planned giving could be the best option for you. Of course, I wouldn’t advise anyone to consider these options without seeking the expertise from your lawyer or other professional advisor.
Feel free to give me a call anytime to discuss these options and reserve your tribute on our Legacy for Life Society Wall.