Support St. Mary's General Hospital by changing the beneficiary information on your RRSP or RRIF. Your retirement funds are among the most heavily taxed assets you own.
However, when St. Mary’s is designated as a direct beneficiary of a registered retirement savings plan (RRSP) or registered retirement income fund (RRIF), these taxes are offset at the time of death. Your gift will be treated as a charitable donation in the year of death and St. Mary’s General Hospital Foundation will issue a tax receipt for the full amount being transferred.
The gift is simple to make - you name St. Mary's General Hospital Foundation as a direct beneficiary on the plan document and advise the institution holding your retirement account of the change.
STEP BY STEP:
- Request a change of multiple beneficiary form from your plan provider.
- Change the beneficiary information on the plan document by naming St. Mary's General Hospital Foundation as the beneficiary of all or a portion of the RRSP or RRIF, and return the document to your plan provider.
- Contact us at the Foundation to let us know so we can thank you and add you to our Cornerstone Society.