Gifts of registered retirement savings (RRSPs or RRIFs) provide the opportunity to create a legacy for Women’s College Hospital Foundation once your needs and those of your loved ones have been met.  Women’s College Hospital Foundation can be a named beneficiary on registered retirement plan documents.  A tax receipt can be issued for the value of the RRSP or RRIF investment transferred directly from the investment firm to Women’s College Hospital Foundation.   

There are many benefits of making a gift of RRSPs or RRIFs:

• RRSPs or RRIFs gifts are a tax-effective means of supporting Women’s College Hospital Foundation.
• Your estate may claim gifts in the year of death equal to 100 per cent of your net income in that year and the preceding year.  RRSPs or RRIFs become fully taxable as income in the year of death, typically at the highest marginal tax rate (unless a roll over of any remaining funds to a surviving spouse or a dependant child is possible).
• You have use of the retirement saving investment while you are alive.
• You can designate your gift to your preferred area of interest in research or care or allow Women’s College Hospital Foundation to use the gift to support areas of highest priority need.

What you should know about arranging a gift of RRSPs or RRIFs:

• Women’s College Hospital Foundation is pleased to assist you by providing sample wording to ensure the Hospital can accept your gift as you intend.
• Please use the legal name “Women’s College Hospital Foundation” and our Charitable Number, 119302628RR0001, on your RRSP or RRIF documents in the section on beneficiary designations.

For more information on gifts of registered retirement savings to Women’s College Hospital Foundation, please contact Pati Greenwood, to Vice President, Development at 416-813-4737, toll-free at 1-888-492-4677, or by e-mail at .

Please note:  Gifts from a Retirement Savings Plans and Retirement Income Funds transferred directly to a registered charity during the donor’s lifetime are not eligible for a charitable tax receipt at this time.  

This information provided is general in nature, does not constitute legal or financial advice, and should not be relied upon as a substitute for professional advice.  We strongly encourage you to seek professional legal, estate planning and/or financial advice before deciding upon your course of action.