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Many generous community members leave a gift in their will to ensure the future of heartfelt healthcare at STEGH. Gifts of all sizes can make a significant difference.
A gift in your will or estate can also provide valuable tax benefits and possibly an additional source of income for life. You can also make your gift in honour of, or, in memory of a loved one.
Please note: The STEGH Foundation recommends that you speak with your lawyer, accountant, and/or financial advisor to ensure the type and timing of your gift is right for you.
Below you will find information about a number of ways you can make a planned gift. And for your ease, you can also download the following forms:
A charitable donation made as a gift in your Will for the STEGH Foundation is a highly effective way to reduce Estate taxes and may also help you make a larger gift than you ever thought possible.
Ways to include a donation in your Will:
A gift of publicly traded securities can generate greater tax savings for donors compared to a donation of cash following the sale of the same securities.
By transferring the securities directly to the St. Thomas Elgin General Hospital Foundation, donors can eliminate all capital gains tax on their gift.
Gifts of publicly traded securities include:
A gift of life insurance can be made in several ways:
You can take out a new policy in the name of the STEGH Foundation, and receive a charitable tax receipt for the cash value of the policy and any premiums you pay.
If you name the STEGH Foundation as the beneficiary of an existing policy, the Foundation will receive the proceeds of the policy and your Estate will receive the tax benefits.
When you transfer ownership of an existing policy to the STEGH Foundation, you will receive a charitable tax receipt for the cash value of the policy. If you continue to pay premiums on the policy, you will receive an income tax receipt each year equal to the premiums paid.
Amasa Wood (1811 – 1899) was raised on a farm located approximately two kilometres east of Burwell’s Corners (Talbot Settlement).
An early introduction into merchandising demonstrated his aptitude for business, and Amasa grew up to be a successful merchant and trader in Fingal. In 1850, he began a second career in securities and real estate which spanned the counties of Elgin, Kent, Norfolk, Middlesex and Huron. In his retirement in approximately 1877, Amasa moved from Fingal to St. Thomas.
In addition to his success in business, Amasa was also known for his many acts of philanthropy. He was regarded by area residents as a “fountain of kindness.” His greatest charitable work was considered to be St. Thomas’s first hospital, the Amasa Wood Hospital, which he founded and built as a gift to the citizens of St. Thomas in 1892.