Page 12 - GBGH Foundation Newsletter - Summer 2023

PROFESSIONAL PERSPECTIVE

Michael Hanton is a Wills & Estates lawyer at HGR
Graham Partners LLP – one of the largest law
firms in Simcoe County, with offices in Midland,
Penetanguishene, Barrie, Orillia, and Elmvale.

What is a planned or legacy gift?
A “planned gift”, also known as a “legacy gift”, is a donation that is left to a charity or non-profit organization in the
Last Will and Testament of a donor. These types of gifts can take many forms, but often take the form of a specific
monetary amount or a specific proportion of an Estate. Donors can also choose to designate their preferred
organization as a beneficiary of their life insurance policy.

Why is leaving a charitable bequest important?
We are only given a short amount of time in our lives to have our voices heard and make an impact on what is
important us. Legacy giving to a charity is a great way to extend that time. By donating to a charity through a Will,
you can leave a lasting legacy that can continue to benefit others long after you’ve passed away.

What are the benefits of a charitable bequest to my family and I?
With the seemingly ever-climbing costs of living, donating to charities is not always a feasible option during
our lifetimes. Legacy giving provides a great opportunity to financially support causes that are important to us,
regardless of our financial situation.

In addition to providing financial support to those charities that are near and dear to us, legacy giving also creates
the potential for significant tax savings in an Estate, which could, in turn, result in a larger inheritance for the
remaining beneficiaries. We often work closely with accountants knowledgeable in the field of tax planning for Trusts
and Estates when determining the specific tax advantages of legacy giving.

What impact can a legacy gift have at GBGH?
GBGH has some incredible growth and development planned for the future, with a new mental
health program coming in a few years, and the potential for a new hospital in the next 20
years. A legacy gift – planned today – will help to make these transformational projects a
reality for generations to come.

If you would like more information or have questions, we’d be delighted to speak with you about your
considerations for including the Georgian Bay General Hospital Foundation in your will.
Please contact to Jesse Dees at 705-526-1300 ext. 5338 or deesj@gbgh.on.ca

$1,000-$2,499 (contined) Robbie & Anni Evans The Boathouse Eatery Aaron Kontkanen
Nicholls Funeral Home Robert & Zabella Carson The Bradstreet Family Foundation Adrienne Dunn
Nicole & Martin Kraftscik Robert Paradis The Tonglen Foundation Al & Sue Gignac
Olu Bolarinwa Robert & Joan Shantz Titi Akinsanmi Alan De Luca
Parkin Architects Limited Robert Stubbins & Margaret Todd & Marlene Lalonde Alannah Eberschlag
Pat Shacklady Cudahy Stubbins Tom & Patricia McNamara Alta Vista Planning Partners Inc
Paul & Marjolyn Van Der Wel Roberta Courtemanche Tom & Laraine Smith AMJ Campbell, Toronto East
Peggy Wallace Roger & Lynne Goddard Verna Gignac Amy Preston
Penetang Knights of Columbus Sandra Anstey Virginia Nihill Andrea Rice
Penetanguishene Funeral Home Sara Lankshear William & Joy Bacon Andrew David Petras
Peter & Cheryl Kizoff Shawn Davy William Hook Angie Saini
Peter Koetsier & Wendy Wingfelder Shirley Craig William & Erica Marks Anne Legge
Pieter & Nancy Ann Henstra Shirley Funk William & Norah Stoner Anne Lidstone
Ray & Mary Nason Susan Newell Woodland Beach Property Association Anne & William Mills
Richard O’Neill Teena Leroux Anonymous
Rick & Debbie Ashford Teresa Jancen $500-$999 Antero & Shirley Kontkanen
Richard & Mary Ellen Hall Teresa Morneau 1217434 Ontario Limited Anthony Irwin
Rick & Emily Queenan Terry & Anita Fegarty A.J. Mink Arbour’s Flower Shoppe
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