A gift of life insurance is an inexpensive way to create a significant legacy for Women’s College Hospital Foundation.  A modest annual premium paid over time will result in a significant future legacy.

There are two ways to arrange a gift of life insurance.  You can transfer the ownership of an existing or new policy to Women’s College Hospital Foundation in which case, you receive a tax receipt for premiums paid after the date of transfer.  Alternatively, you can name Women’s College Hospital Foundation as beneficiary of your policy and receive a tax receipt for the full amount of the proceeds received by Women’s College Hospital Foundation.  

There are many benefits of making a gift of life insurance:

• Receive a tax receipt based on the way in which the insurance gift was arranged.
• Donate an existing policy and receive a tax receipt based on the fair market. value of the policy (Canada Revenue Agency guidelines) and any premiums paid after the date of transfer of ownership to Women’s College Hospital Foundation.
• 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 life insurance:

• Donate an existing policy and receive a tax receipt based on the fair market value of the policy (Canada Revenue Agency guidelines) and any premiums paid after the date of transfer of ownership to Women’s College Hospital Foundation.
• Donate a new policy and receive a tax receipt for any premiums paid after the date of transfer of ownership to Women’s College Hospital Foundation.
• Assign Women’s College Hospital Foundation as the beneficiary of your policy, or the life insurance policy from your employer, and your estate will receive a tax receipt equal to the death benefit proceeds paid directly to Women’s College Hospital Foundation.
• Please use the legal name "Women’s College Hospital Foundation" on all insurance policy documents. Our Charitable Number is 119302628RR0001.

For more information on gifts of life insurance to Women’s College Hospital Foundation, please contact Linda Pearson, Vice President, Development and Campaign Director at 416-813-4737, toll-free at 1-888-492-4677, or by e-mail at
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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.