Providence Healthcare Foundation
Providence Healthcare Foundation

Make A Bequest

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Your Legacy can Become Our Legacy – and Together We Can Do Something Remarkable.

The most meaningful statement of generosity and belief in a cause you can make is through a Legacy Gift. At Providence Healthcare, each donor who leaves a legacy gift shows true commitment to supporting our goal of realizing extraordinary care for each patient and for their families, every single day.

Your gift will help Providence buy equipment to care for its patients, develop programming for families whose loved ones are in the hospital, train more staff, educate students across post-secondary education centers in the GTA, and so much more.

Providence is built on the legacy of generous supporters like you, who have chosen to make a difference at our hospital with a gift in their wills, a gift of life insurance, a gift of an RRSP or RRIF or a gift of appreciated stock.

To learn more, contact Dane Shumak at dshumak@providence.on.ca or via phone at 416-285-3666 x 3990. You can also learn more by visiting our Legacy 101 page here.


Michael's Story

Michael Pasquale and his mother, Rosie, always had fond memories of Providence Healthcare. They lived in Scarborough in 1958, not too far from the Hospital. Close family members had received exceptional care there and when the time came to seek palliative care for Rosie, Providence was the only place she wanted to be. Read more.

Why make a Legacy Gift?

  • Every single Legacy Gift helps Providence plan for its future – a future that includes more supports for patients most in need, thanks to your incredible generosity
  • Estate Taxes and Capital Gains taxes on appreciated stock are much higher than income tax. The final tax return can be such a burden on your families. Planned Gifts can help to ease that burden, and ensure your estate goes where you want it to go – to your loved ones, and to causes you care about (like Providence).
  • It is the EASIEST way to make a HUGE impact on the charities you care most about… and there are so many ways to do it, too!

What are your Next Steps?

  • Would you like information on the benefits of leaving a legacy to Providence Healthcare?
  • Have you already included Providence Healthcare in your estate plans?
  • Would you consider leaving a legacy to Providence Healthcare?

For more information about making a bequest, please contact Dane Shumak by calling 416-285-3666 ext. 3990 or by emailing dshumak@providence.on.ca.

Providence asks that if you’re considering a gift of this type to please consider contacting your legal counselor to ensure the correct wording is in place for a bequest. We strongly encourage you to work with us and your other charities-of-choice throughout your decision-making process.

Don’t hesitate to take a look at some Frequently Asked Questions (FAQs) about this type of giving, too!


Ways To Give


Making a Bequest in Your Will

Providence Healthcare Foundation will work with you to identify your areas of interest and help inspire others with recognition as a Pillar of Providence. We can recognize gifts of the future, today.

In order for us to recognize your support, we ask that you please notify Providence Healthcare Foundation of your intention to make a gift in your will to support essential services at the Hospital. To do so, please complete our Bequest Confirmation Form and short questionnaire and mail it to our office (information in the attached) or contact Dane Shumak at dshumak@providence.on.ca or via phone at 416-285-3666 ext. 3990.

Life Insurance

Life insurance presents a cost-effective way to give, whereby you can pay a nominal premium during your lifetime and leave a sizable legacy to Providence. Some of the benefits of donating life insurance include: smaller current cash investment leveraged into a larger future gift; a charitable tax receipt tax; savings in your lifetime or for your estate. You will receive recognition as a Pillar of Providence.

Options include:

  • transfer of ownership of a paid-up or unpaid policy;
  • retain ownership and name Providence as the beneficiary; or,
  • name Providence as the owner and beneficiary.

Read our pamphlet here on why this type of giving is so easy!


Gifts of Stock

Providence Healthcare Foundation accepts donations of publicly listed securities that can be traded on a recognized stock exchange, e.g. TSE, NYSE. A charitable tax receipt will be issued by Providence Healthcare Foundation for the value of the shares based on the end-of-day trading price on the day the securities are transferred. Your donation of securities can be applied towards a tax credit when filing your income tax return.

Download Foundation’s Letter of Authorization form to start the process for your gift of securities or contact Dane Shumak at dshumak@providence.on.ca or via phone at 416-285-3666 ext. 3990 to begin this easy process.


RRIF/RRSP

By promising a RRIF/RRSP to Providence, you can use your retirement saving investment during your lifetime and your estate will also receive tax relief. The benefits of donating RRSPs and RRIFs include: satisfaction of providing a future gift; a charitable tax receipt for your estate; offsetting estate taxes and reducing probate fees; ability to donate and at the same time protect your assets for loved ones.

You will receive recognition as a Pillar of Providence.


Charitable Gift Annuity

Through a charitable gift annuity you have the opportunity to secure a guaranteed monthly income at a fixed rate. Contact Dane Shumak at dshumak@providence.on.ca or via phone at 416-285-3666 ext. 3990 if this is of interest to you.