Thank you for considering a gift to ERHF!
Your donations will help us to enhance the delivery of health-care for our community! By helping us with our greatest needs many dreams become realized … new medical equipment may be purchased, improvements to medical facilites can be planned and education opportunities unfold for hospital staff to deliver the highest quality of care possible for our community.
Remember, donations can be made in the form of a gift, too! Learn more about our giving options below.
Imagine what you could accomplish by donating a very small amount — like the cost of a large pizza each month. Our Monthly Giving Program is an excellent way to make a difference.
Click here to set up your Automatic Monthly Donation with a VISA or Mastercard.
You can increase, decrease or stop your monthly gift at any time by notifying the foundation. You will receive a single tax receipt for your total donation in the year and, of course, you have our heartfelt thanks for your generosity.
If you appreciate the care you or a family member received at Eagle Ridge Hospital ~ please donate today and help the foundation continue improvements around your hospital.
The foundation will send an announcement of your gift to the person being honoured. We will send you an official receipt for income tax purposes and a special thank you for your generosity to the foundation.
Don’t forget to tell us the name or department so we are able to send an acknowledgement of your gift to your nurse or doctor!
Making a gift in memory of a loved one is a wonderful way to honour their life. Your gift to Eagle Ridge Hospital Foundation is one way to help others in this community receive the best of health-care at Eagle Ridge.
Please list the Eagle Ridge Hospital Foundation in your loved one’s newspaper or online obituary, then friends can direct their memorial gifts to Eagle Ridge Hospital Foundation. You can specify to “Greatest Needs” or a specific department at Eagle Ridge Hospital.
When you make a gift in memory, the family will receive an announcement of your generosity. You will receive an official receipt for income tax purposes, along with our heartfelt appreciation. Please tell us the name of the person being remembered and provide the name and address of the next of kin so that we may send a “With Sympathy” card regarding your donation.
Complete the fields concerning “in honour” and “in memory” on our online form
Mailing your gift?
Download our donation form and send it to:
Eagle Ridge Hospital Foundation
475 Guildford Way, Port Moody, BC V3H 3W9
Need more information?
Call us at 604-469-3128, or e-mail us at email@example.com
Tax Receipt Information
Eagle Ridge Hospital Foundation will issue you an official receipt for taxation purposes regardless of the size of your gift. Our charitable registration number, issued by the Canada Revenue Agency (CRA), is 11923 0597 RR0001.
Because the future matters … Leave a Legacy
Linda Jackson has passed through the doors of Eagle Ridge Hospital countless times over three decades and like any enduring relationship, the one with her community hospital is best remembered by the emotions that underscored those visits.
Given her deep appreciation for how ERH has cared for her family, Linda’s volunteer work and donor role with the Foundation give her a channel for her energy, skill and sense of duty.
Planned gifts are a fantastic way to invest in the future of Eagle Ridge Hospital, today. There are a wide variety of “investment options” to choose from; leaving a future or Legacy gift in your will, making the hospital foundation the beneficiary of your life insurance policy or a capital gains tax benefit with remainder trusts. Look below at the list of planned gift options that best suits your needs.
For more information about planned giving, call Director of Annual and Planned Giving, Eleanor Ryrie at 604-949-8178 or email Eleanor if you are interested in attending a free planning session.
Thank you to Christine! This section was updated with the volunteer help of local lawyer Christine Baron.
A planned ‘future’ gift (also known as a Legacy Gift!) is a wonderful way to make a substantial donation to Eagle Ridge Hospital Foundation and enhance the delivery of health-care in your community for future generations. Please let us know now about your ‘planned gift’ and permit us to honour and recognize you today on our Donor Wall in the lobby at Eagle Ridge Hospital for your future act of generosity.
How? Here are several easy ways you can do this: by including us in your will or living trust or by naming us as a beneficiary under an individual retirement account or life insurance plan.
You may choose to leave Eagle Ridge Hospital Foundation a sum of money, a piece of property or, another asset that can be turned into cash, or a percentage of the residue of your estate (a gift made after all other debts and bequests have been paid).
By working with your financial and legal advisors and planning your estate carefully, you can contribute to Eagle Ridge Hospital Foundation after death and eliminate significant taxes payable at death. It is important to discuss you wishes with your financial and legal advisors because charitable bequests in a Will that give too much discretion (freedom) to the executor with regard to choosing the amount of the gift may taint the gift. This means that you would have the taxable event but you many not fully utilize the tax credit.
A charitable gift that is made by an individual in a Will is deemed to have been made by the individual immediately before the individual’s death even though the transfer is not made until after the individual’s death by the individual’s personal representative. The charitable tax credit can then be claimed in the individual’s terminal year T1 tax return or in the immediately preceding year under s. 118.1(4) of the ITA. This is significant since the donation tax credit can be used to offset the tax liability resulting from the deemed disposition by the individual of his or her property on death.
Your estate may claim gifts in the year of death equal to 100 per cent of your net income.
See our FAQ’s page for suggestions about appropriate language to use when making a legacy gift in your will to Eagle Ridge Hospital Foundation.
Life insurance allows you to make a significant gift to Eagle Ridge today at a reasonable cost. Here’s how to get an annual tax receipt for paying your insurance premium:
You can buy a new life insurance policy to support Eagle Ridge Hospital Foundation or use a life insurance policy that has outlived its purpose (for instance, your family is grown and you have enough assets for your needs). Just make Eagle Ridge Hospital Foundation the owner and beneficiary of the policy. You will receive an immediate tax receipt for the cash surrender value if there is one.
Each year, you cover the annual premium after transferring ownership to Eagle Ridge Hospital Foundation by making a donation equivalent to the premium. You then receive a tax receipt for the amount of your payment. At the end of your life or upon completion of the term, Eagle Ridge will receive the value of the policy.
Many donors find that their life insurance policies are no longer needed for their original purposes. Giving the policy to the Eagle Ridge Hospital Foundation by naming it as beneficiary is another way to show your support.
As of May 2006, changes to the federal income tax regulations allow you to donate publicly-traded stocks, bonds, mutual fund units, futures and stock options to a charity and avoid 100% of the capital gains tax on the appreciated value. When you make a gift of stocks or bonds, you will receive a receipt for income tax purposes based on the value of the securities on the date received.
Generally, it is advantageous from a tax perspective for you to donate capital property with accrued capital gains directly to the Eagle Ridge Hospital Foundation than to sell the property and then donate cash. This is because a donation of capital property will increase the annual charitable donation limit by 25% of any capital gain realized on the gift.
The securities (investments) that qualify for the preferential treatment by the Income Tax Act (ITA) include a share, debt obligation or right listed on a designated stock exchange, a share of the capital stock of a mutual fund corporation, a unit of a mutual fund trust, an interest in a related segregated fund trust or a prescribed debt obligation.
The ITA contains special tax incentives for charitable gifts of prescribed securities which make it preferable to donate appreciated securities as opposed to selling the securities and donating the proceeds. Under s. 38(a.1), the inclusion rate for capital gains realized on gifts of publicly traded securities to charities is zero. That is, any gain realized on such a gift is wholly excluded from the donor’s income.
It is important to remember that the capital gains tax benefit only occurs when you make a gift of appreciated securities directly to a charity. It does not occur when you sell the securities first and donate the proceeds to charity.
Since February 2000, owners of Registered Retirement Savings Plans (RRSP) and Registered Retirement Investment Funds (RRIF) have been allowed to donate some or all of the proceeds to a registered charity such as Eagle Ridge Hospital Foundation. Simply designate the foundation as the beneficiary on the plan document and advise the bank or financial institution holding your retirement account of the change. You can designate any number of beneficiaries, including family and charities.
Your retirement funds are heavily taxed at death. You can offset those taxes by designating a charity as a direct beneficiary of your registered plan. Your estate will receive a tax receipt and off-setting tax benefit for the amount transferred to the charity.
A married person can designate a spouse as primary beneficiary and a charity as contingent beneficiary of a retirement plan. The proceeds of your plan will only flow to the charity after the death of your spouse.
When the plan’s assets are directly designated, they do not form part of your estate, thus avoiding probate fees. Your estate (or your spouse’s estate) receives a tax credit. All of this can be accomplished without legal documentation or expensive trust agreements. Consult your financial advisor to determine whether a gift of your RRSP or RRIF is right for you.
A charitable remainder trust allows you to make a gift to a charity now but retain the use of the gifted asset for your lifetime, or receive the earned interest for life. You make the gift today, earn the tax benefit immediately, take the interest for a fixed period or for your lifetime, and the charity gets the asset at the end of the period or upon your death, according to your wish.
This is a frequently used deferred-giving vehicle because it entitles the settlor of the trust (you) or testator of the Will to an immediate charitable tax receipt notwithstanding the transfer of property to the charity is postponed. The property transferred to the trust will remain in the trust for the benefit of one or more income beneficiaries and then will be transferred to the charity upon the specified triggering event which is often the date of death of the last income beneficiary.
You make an irrevocable transfer of assets into a trust managed by an appointed trustee and name a charity such as Eagle Ridge Hospital Foundation as the remainder beneficiary in trust. Your financial advisor can determine whether this is a good vehicle for you to protect your future while supporting your community hospital.
By structuring gifts by way of charitable remainder trust, you receive the asset protection (both pre- and post-mortem) created by a trust, the use of the property during your lifetime if the trust is so structured, as well as the immediate tax benefit. One type of gift particularly suited to this structure is a gift of a home. The donor can retain the right to live in the home for life, but transfer the remainder interest to the charity
Make decisions about planned gifts after careful consultation with your family financial and legal advisors, to ensure that the gift you desire to give is right for you.