Endowment
Establish a legacy of care at Royal University Hospital to meet the healthcare needs of our children and grandchildren.
Many people are surprised to learn how easy it is to create an endowment. A minimum contribution of $50,000 is necessary to ensure the principal fund generates sufficient interest to support the endowment's purposes – but the contribution can be made over a period of years, or it can be funded by future funds such as a life insurance policy.
Directing Your Legacy of Care
An endowment is like an investment fund, with RUH Foundation as the beneficiary. Your donation can be designated to support areas of "greatest need" or a specific area. For example, you might choose to support a hospital program, an area of patient care, equipment upgrades or research.
Your initial gift creates the principal endowment fund. This principal is invested and the income earned is used to support the area of interest you have designated at RUH. The actual principal is kept intact. In fact, the fund can be added to – by you, your family and others who share your interest in the program or area supported by the endowment.
Planning Tip: The Canada Revenue Agency stipulates that an endowment fund be established for a term of at least 10 years. This makes endowments a wonderful opportunity to leave a legacy – in your own name or in honour of a loved one.
For more information on planning your gift, please contact Bruce Acton, Director of Development, at 655-1984.
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