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Life insurance is an asset you may not think of donating to CHEO until you hear how impactful yet simple it can be. There are significant tax benefits for you while leaving a lasting mark on CHEO’s patients and their families.
There are a few ways to make a gift to CHEO using life insurance; by giving ownership of a new or an existing policy to CHEO or naming the CHEO as the beneficiary. Each option has different tax consequences and may make sense at different stages of life. Please consult with an insurance broker or your financial advisor to choose an option that makes the most sense of your situation.
The CHEO Foundation encourages you to notify the Foundation if you have made a gift in your Will for CHEO. Your donation will be kept in the strictest of confidence, but will allow your gift to be properly recognized during in your lifetime if you so choose and ensure that your gift is designated in accordance with your wishes.
For more information about using life insurance as a gift to CHEO please contact Megan Doyle Ray at [email protected] or call 613 – 738-3694 (direct line) or toll free at 1-800 561-5638
The CHEO Foundation recommends that you consult your legal and financial advisor in any matter concerning estate and legacy giving. All inquiries are treated in the strictest of confidence. The CHEO Foundation does have printed materials available to help guide you and your professional advisor.