We recommend that you engage your financial or legal advisor to help create your endowment for the South Okanagan Similkameen Foundation. Together with your family, this professional can help you make the best decisions regarding what you want your legacy to be, how much you can afford to give now, and how your estate can add to your endowment.

Life Insurance

When you give life insurance, even a relatively small commitment can have significant benefits for South Okanagan Similkameen patients and you. There are many ways to make a gift using life insurance. Give ownership of a new or an existing policy to the South Okanagan Similkameen Medical Foundation, or simply name the Foundation as the beneficiary. You can also make a “no-cost” gift by using life insurance to replace the value of a current gift of cash or stock to your heirs. Each option has different tax benefits and may make sense at different stages of life.

RRSPs and RRIFs

You can designate the South Okanagan Similkameen Medical Hospital Foundation as beneficiary of your RRSP or RRIF, or make a gift in your Will equal to the proceeds from your RRSP or RRIF.

Trusts

Make a gift to the South Okanagan Similkameen Medical Foundation during your lifetime in exchange for a guaranteed income for life and a tax benefit today. Upon your death, the remaining assets in the trust will go to the Foundation.

A Gift of Stock

Transferring your securities to South Okanagan Similkameen Medical Foundation is easy. Simply contact your financial advisor and discuss your wish to make a gift of securities to the South Okanagan Similkameen Medical Foundation. Your advisor will contact our agent to arrange transfer of the securities to the Foundation’s brokerage account. Our agent will advise us in writing upon receipt of the securities, as well as the value at closing on the day they were received into our account. You will receive a charitable gift receipt for this amount.

Property

You can donate real estate, shares in privately held corporations, royalty interests, works of art, jewellery, collections, or other property to the South Okanagan Similkameen Medical Foundation.

An Endowment

An endowment is capital invested to provide a steady and dependable income for a charitable cause. When you leave an endowment for the South Okanagan Similkameen Medical Foundation, you give a perpetual source of hope for future generations of patients. Income may provide support for equipment purchases, research, education and health programs. An endowment may be funded with a gift of $25,000 and added to during your lifetime by you or your family or friends, or through your estate.