Other Legacy Gifts

RRSPs & RRIFs

When you make CHEO the beneficiary of your RRSPs or RRIFs you not only preserve the capital of your estate by avoiding costly estate taxes, but you leave your mark on children, youth and families in our community.

The CHEO Foundation encourages you to notify the Foundation if you have made bequests of RRSPs or RRIFs in your Will for CHEO. Your donation will be kept in the strictest of confidence, but will allow your gift to be properly recognized during in your lifetime and ensure that your gift is designated in accordance with your wishes, including the possibility of establishing an endowment fund.

For more information contact Megan Doyle Ray at megandoyle@cheofoundation.com or call 613- 738-3694 (direct line) or toll free at 1-800 561-5638

Charitable Remainder Trusts

A Charitable Remainder Trust is a life income gift that enables you to give today (with immediate tax savings) while retaining use of the asset (investments, real estate, work of art, etc.). After a prescribed period of time or upon your death, the asset is transferred to the CHEO Foundation. The result of this planned gift is that you can receive income or use of the property during life but have provided the charity with an irrevocable legacy gift.

Benefits to You:

  • You receive a lifetime income from the assets you donate
  • You receive immediate tax benefits to off-set your current income
  • Gifts of appreciated property can be structured to avoid capital gains tax
  • A CRT is not included in the value of your estate, thus avoiding probate fees
  • Unlike a bequest, this type of gift cannot be challenged in court
  • You support future generations of CHEO kids

Note: This type of gift is irrevocable (you cannot change the terms of the gift or trust).

For more information contact Megan Doyle Ray at megandoyle@cheofoundation.com or call 613- 738-3694 (direct line) or toll free at 1-800 561-5638

Life Insurance

Life insurance is an asset you may not think of donating to a charity until you hear how powerful and simple it can be. Plus it has significant benefits for CHEO kids – and you.

There are many ways to make a gift using life insurance. Give ownership of a new or an existing policy to the CHEO Foundation, or simply name the Foundation as the beneficiary. Each option has different tax consequences and may make sense at different stages of life. Please consult with an insurance broker or your financial advisor to choose an option that works for you.

For more information contact Megan Doyle Ray at megandoyle@cheofoundation.com or call 613- 738-3694 (direct line) or toll free at 1-800 561-5638

The CHEO Foundation recommends that you consult your legal and financial advisor in any matter concerning estate and legacy giving. All inquiries are treated in the strictest of confidence. The CHEO Foundation does have printed materials available to help guide you and your professional advisor.