Create a Legacy

When you make plans for a legacy donation, you are giving a future gift that will provide for Burnaby Hospital in years to come. Most commonly, legacy gift options are bequests (a gift in a will), gifts of life insurance, or gifts of retirement funds (RRSPs and RRIFs).

Legacy giving is a wonderful way to celebrate your lifetime and ensure that people in your community today, along with generations to follow, will benefit from quality health care.

Charitable Trusts

Charitable Remainder Trusts (CRTs) have been created to enable donors to make a gift of an asset, such as an investment portfolio, but continue to receive the investment income from the portfolio throughout lifetime. The donated assets are held in trust for the future capital beneficiary which would be Burnaby Hospital Foundation.

For more information please contact Sylvia Zylla, Director of Major Gifts and Planned Giving, at 604.431.2804.

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Gifts of Insurance

Several types of insurance receive different tax treatment. A gift of life insurance enables donors to turn small donations into, ultimately, a much larger gift.

Also, donors who have the capacity to make large once-in-a-lifetime gifts can replenish their estate with the use of life insurance. Those with existing fully-paid insurance policies which they no longer need can donate the policy. Alternately, donors who no longer wish to make premium payments on a policy can donate the policy to Burnaby Hospital Foundation.

For more information please contact Sylvia Zylla, Director of Major Gifts and Planned Giving, at 604.431.2804.

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Private Shares

Successful entrepreneurs can donate shares in their privately held company rather than donating cash. If the company is a qualified small business corporation, there can be significant tax advantages to such a gift.

For more information please contact Sylvia Zylla, Director of Major Gifts and Planned Giving, at 604.431.2804.

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Share Transfer Form Download

Real Estate

Donors can elect to gift a principle residence, investment or recreation property, or a farm property and receive an immediate tax receipt for the appraised fair market value of the real estate. A gift of real estate can make a significant difference without creating a negative impact on their cash reserves.

For more information please contact Sylvia Zylla, Director of Major Gifts and Planned Giving, at 604.431.2804.

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Retirement Funds

Many people are less comfortable donating retirement funds during their lifetime, as they are unsure about how much they need to support themselves throughout life. When they pass away these funds are heavily taxed. In fact, in some cases nearly half of the retirement funds are lost to taxation. Through careful planning, however, most or all of the final income tax on a retirement plan can be eliminated by making a charitable gift of all or a portion of the plan.

You can leave your RRSP or RRIF to Burnaby Hospital Foundation. There are two simple ways.

  • Your financial institution will provide you with a Beneficiary Selection Form and you can designate Burnaby Hospital Foundation on the form.
  • You can designate your estate as the beneficiary and leave a gift in your Will equal to the value of all or part of your retirement funds.

In both cases, your estate will receive a charitable tax receipt for the value of your donation.

For more information please contact Sylvia Zylla, Director of Major Gifts and Planned Giving, at 604.431.2804.

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Will Bequests

A Letter of Peace or a Letter of Blessing can support the next generation. Adding a simple amendment to your Will, called a codicil, allows donors to leave a legacy to Burnaby Hospital Foundation that helps ensure a high standard of health care for your family, friends and everyone else in your community.

Bequests made through a Will allow you to make a contribution to the future of Burnaby Hospital, often a contribution that you couldn't make during your lifetime.

Burnaby Hospital Foundation's Legacy Society celebrates those who have planned a gift through a bequest in their Will.

See our Donor Recognition section for a list of those members of the Legacy Society who having passed have left a legacy of $5,000 or more to Burnaby Hospital Foundation.

A tax receipt for the value of the gift can be used to offset tax otherwise payable on a final tax return and on the preceding year's tax return. Legacy gifts can be either a set amount or a portion of the residue of an estate.

Here are samples of Will Clause Language, which is information your lawyer will need. The sample Will clauses are intended for informational purposes only and should not be viewed as legal advice. We encourage donors to seek legal counsel when making provisions for a charitable gift in their Will.

You will require our legal name and charitable registration number:

Burnaby Hospital Foundation
Charitable Registration Number: 106819295 RR0001
3935 Kincaid Street
Burnaby, BC
V5G 2X6

For more information please contact Sylvia Zylla, Director of Major Gifts and Planned Giving, at 604.431.2804.

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