Our Donors
We gratefully acknowledge the different forms of support we have received over the years and do not separate the $20 donations from the $1,000 donations because they are all important. THANK YOU!
Information regarding various ways that you can support the Gabriola Health Care Foundation is set out below. However, if you or your organization would like to become a donor and support the Foundation’s growth, but need more information, please email us at info@ghcf.ca.
Physician recruitment campaign and site visits.
Accommodation and relocation support for locums and new physicians.
Develop programs and services to address the health needs of the community.
Physicians, public, media, and stakeholder engagement.
Facility and equipment upgrades and ongoing operating costs.
The Foundation’s Dr. Francois Bosman scholarship. This annual award is for a Gabriola high school graduate who is continuing their education in a health-care field.
Reasons to Donate to the Gabriola Health Care Foundation
The Gabriola Health Care Foundation is a registered charity for Canadian Income Tax purposes and will issue you a tax receipt for your donation.
Support Gabriola Health Care Foundation
Here are the various ways you can show your support for the work of the Gabriola Health Care Foundation:
Income Tax and Legal Advice
 Different giving strategies have differing income tax and legal implications for the donor. The description of the various strategies set out here is intended as a general overview only. Gifts, such as bequests, can require careful planning and timing. Income and other tax considerations are important. GHCF recommends that potential donors of significant gifts obtain advice from a tax or legal adviser before making the gift to ensure your philanthropic goals are met.
Restricted donations
Income Tax and Legal Advice
Co-op Member Points
 Are you a member of the Co-op? A really small action on your part, can mean great rewards for the Foundation. When you go to the Co-op and they ask you for your Co-op number, consider using ours. We receive dividends twice a year and it helps with our bottom line. No gift is too small. Here is our number: 611459
Tribute Giving
Monthly giving
Gifts-in-kind
A gift-in-kind is a gift of property such as real estate, securities, artwork, jewellery or collectibles. Such a gift may provide you with financial planning rewards in ways you’ve never imagined. After independent appraisals you will be issued tax receipt.
In some cases you can receive tax benefits and continue to have possession of the gifted property during your lifetime. In this case you would irrevocably assign ownership of the property now and receive the tax benefits, while continuing to possess the asset. The eventual sale of the property.
Endowment fund
An endowment fund is a donation, now or as a bequest, which is invested, with the earnings generated on the principal used to support the GHCF’s work year after year, generation after generation. You can let the GHCF decide where the earnings are most needed or you can specify certain restricted uses. If you desire, your gift can be named in your honour in recognition of your support, or you may choose to name your gift in memory of a special person. Your name and generosity are perpetuated, and your community reaps the benefits.
Gift of Life Insurance
• You can transfer ownership of a new or existing policy and get a tax receipt for the net cash surrender value at the time of the donation plus the full amount of any premiums paid after the date of the transfer.
• Rather than transfer ownership now you can make the Foundation the beneficiary of a policy and the estate will receive a tax receipt equal to the amount of the death.
Charitable gift annuities
A charitable gift annuity also allows the donor to make a significant immediate gift to the Foundation while generating an income stream for the donor during the donor’s lifetime. The donor transfers a sum of money to the Foundation and an agreement is drawn up authorizing the Foundation to use a portion of this sum to purchase an annuity. The annuity will provide a fixed income to the donor throughout the donor’s lifetime. Depending on the donor’s age, this income can be wholly or partially tax free. The balance between the cost of the annuity and the total sum transferred.
RRSP's and RRIF's
If the beneficiary of an RRSP or a RRIF is someone other than a spouse, a common-law partner, or a financially dependent child or grandchild, the proceeds of the donor’s RRSP will be taxed as ordinary income in his or her estate and the net proceeds may be subject to probate fees. GHCF can be named as the beneficiary for all or a part of a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF). The RRSP or RRIF would still be taxable in the estate on the death of the donor, but the income tax receipt issued by the Foundation for the value.
What if I want to help GHCF but don’t want to take away from my children’s inheritance?
Depending on your circumstances, there may be ways to benefit the Foundation without reducing the amount your children will receive. For example, if a couple wanted to leave their $100,000 RRSP to their children, there could be only roughly $50,000 available to them after tax. On the other hand, if the couple purchased a life insurance policy of $100,000 to replace the RRSP, the amount left to their children, even after the cost of premiums, could exceed the $50,000 they would have otherwise received.
Gift of Life Insurance
You can make a larger gift than you might expect possible by naming GHCF as the owner and beneficiary of a new or existing life insurance policy:
• You can transfer ownership of a new or existing policy and get a tax receipt for the net cash surrender value at the time of the donation plus the full amount of any premiums paid after the date of the transfer.
• Rather than transfer ownership now you can make the Foundation the beneficiary of a policy and the estate will receive a tax receipt equal to the amount of the death.
Donation of Securities
1. Accrued gains
The donation of securities with accrued gains is a gift-in-kind, but one that is subject to special income tax rules in Canada. If you have shares or other qualifying securities that have increased in value you could donate them to the Foundation and, if an individual, avoid being taxed on the capital gain while still receiving a tax receipt for the full current value of the securities. This can be the least expensive way to give. Securities that will qualify for such treatment are generally publicly-traded securities listed on.
Bequests
Do you want to be remembered for something amazing after you’re gone? Consider legacy giving to the GHCF to ensure that you are recognized in perpetuity through a gift from your estate. Explore the avenues of legacy giving, which may have tax advantages.
You can plan today to leave your legacy without parting with your assets during your lifetime. This may be in the form of a Will bequest or via a life insurance policy. Make a gift of cash or property by including the GHCF as a beneficiary in your Will is one of the simplest planned giving options to arrange.
