Ways to donate

Give Shares
Donating shares is easy and the process provides the documentation you need for the Canada Revenue Agency.  Contact Fran McBride in Resource Development at 416-626-0116 ext. 234 or by e-mail.

You will be asked for the following information:

  • The name and the number of shares you wish to donate.
  • The approximate value of the shares.
  • The date you wish to make the gift.
  • Specific directions you have about the use of the funds at The Dorothy Ley Hospice.
  • The name and contact information for your financial advisor or broker.
  • The Hospice will provide you with the name of one of our brokers and the contact information your broker will require.

Be aware that transfers of shares can often take three or four business days. During this period, price fluctuations may occur that will increase or decrease the total amount of your donation. We will issue you a tax receipt for the closing price on the day the shares are transferred to The Dorothy Ley Hospice account. It is policy at The Dorothy Ley Hospice to sell donated securities as soon as possible after they are deposited to our account.

Planned Giving
Planned giving traditionally refers to a 'deferred' gift. There are many kinds of planned gifts such as simple bequests in a will or estate plan, annuities, charitable trusts, pooled income, life insurance and life estates. Some are more straight forward to give than others. Please check with your financial advisor, your lawyer and/or accountant to explore ways to make Planning Giving part of your personal financial plan. Here are a few ways Planned Giving can work for you.

Your Will
Remembering The Dorothy Ley Hospice in your last will and testament is one way to ensure that your gift will leave a lasting benefit long after you are gone. Insurance Policies A gift of life insurance is a way to make a significant future gift at an affordable cost today without reducing the value of your estate. Check with your insurance policy provider to make arrangements to make The Dorothy Ley Hospice the owner and beneficiary to an existing or new insurance policy. You receive a tax receipt for the cash surrender value (if any) of the policy and further receipts on future payment of premiums.

Alternatively, you may simply name The Dorothy Ley Hospice as the beneficiary of your insurance policy and at the end of your lifetime, the proceeds are received by the Hospice and a donation receipt is issued to your estate.

RRSP and RRIF Plans
Another option is to name The Dorothy Ley Hospice as beneficiary of your RRSP or RRIF plan.
 
Charitable Remainder Trusts
With this plan, assets are transferred to an irrevocable trust with a trustee to manage the assets. On termination of the trust, The Dorothy Ley Hospice receives the remaining assets.  The advantage is that you receive an immediate tax credit for your future donation.

Charitable Gift Annuity
With a charitable gift annuity, you make a contribution to The Dorothy Ley Hospice and in exchange, you receive guaranteed lifetime annuity income. Depending on your age, this income will be partially tax-free or even fully tax-free.

Gifts to The Dorothy Ley Hospice Endowment Fund
Your gift to our endowment fund continues to grow and generate revenue for the Hospice forever. Following specific guidelines, we invest your gift, protecting the principal while generating annual income. In turn, this income partially offsets our annual campaign costs and ensures that an even greater proportion of each dollar received goes directly to the work of The Dorothy Ley Hospice in the community.

We can even help you establish your own named endowment fund.

Giving a Planned Gift is an important decision that requires thoughtful planning. If you wish to take advantage of this kind of legacy giving, we suggest you seek legal and accounting advice to ensure your specific wishes are carried and that your estate enjoys the tax benefits of your generosity.

Volunteer
You can also make a significant contribution by volunteering in some capacity. Check out the Volunteer Program section of our website.


For more information about giving to The Dorothy Ley Hospice, please contact a member of our Fund Development team at (416) 626-0116, send an e-mail or donate online.