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For your consideration

Grandparent pic MOLLY RESIZED

We understand that making a legacy gift is a thoughtful and personal process that is unique to each of us. The DMRF team cares about the reasons why and how you give and we want to support you during this process, ensuring it is a seamless and meaningful experience. 

With that in mind, we created this online suite of information to help you understand the many things to consider when deciding to make a gift in your will. 

Don't forget, if you'd like to read more about the impact of your giving to DMRF, please download our legacy brochure. 


Important Information

  • How do I make a gift in my will?

    If you’ve chosen to make a gift in your will to DMRF, your lawyer or advisors may ask for the following information:

    Legal Name: Dalhousie Medical Research Foundation

    Charitable registration number: 11922 9318 RR0001

    Check List:

    • Be sure to use our full legal name: Dalhousie Medical Research Foundation.
    • Be clear when stating the amount or percentage of your bequest.
    • Consider a gift for general research purposes. If you wish to designate your gift to a particular area of research, such as cancer or cardiovascular research, state your wishes clearly. Be careful not to limit your gift to a very narrow area.
    • Do not hesitate to contact us if you have any questions where your gift would be most useful.
    • Consult our sample bequest language guidelines, but do not hesitate to contact us if you have any questions about the correct language.
    • Consult a lawyer to ensure your wishes are legally binding!
    • Sample wording: I give to the Dalhousie Medical Research Foundation [the sum of $XXX,000] to be used for the [general purposes of Dalhousie Medical Research Foundation] or “I give to the Dalhousie Medical Research Foundation [500 shares of XYZ stock] for the [general purposes of Dalhousie Medical Research Foundation].”
  • Purpose of the Bequest

    A bequest may be designated for general purposes or for a particular use.

    Undesignated use:
    “...to be used for the general purposes of The Dalhousie Medical Research Foundation.”

    Designated use:

    “...to be used for research in the area of XXX (e.g. Cancer Research, Mental Cardiovascular Research, Alzheimer’s Research, etc.)

  • 'Power to Vary' Provision

    If you are designating your bequest to a specific purpose or restricting it to establish an endowed fund for a particular purpose, you should include a ‘power to vary’ clause in your will. This will ensure the long-term usefulness of your gift.

    ‘Power to Vary’ clause for a designated bequest or investment return from an endowed fund:

    “If, in the opinion of the Board of Directors of The Dalhousie Medical Research Foundation, it should become impossible, inadvisable, or impractical to use [this gift] [the annual investment return from the endowed fund] for the specified purpose(s), then the Board may in their discretion use the [gift] [annual investment return] to the best advantage of the Foundation, keeping in mind the original wishes of the donor. In any such alternative application, the support provided by this bequest shall be clearly identified with the name of [the Donor].”

“A gift to DMRF has the power to change the future of health by allowing researchers like me more time to focus on our work. Thanks to donor giving, new technology has created huge advances that have opened the door to the possibility of stopping Alzheimer’s in its tracks. Failure to find a cure is simply not an option.”


Dr. Sultan Darvesh
Director, Maritime Brain Tissue Bank; Chair, Curative Approaches to Alzheimer’s Disease

SULTAN DARVESH


Other types of legacy gifts

  • Gifts of Registered Retirement Funds

    By designating the Dalhousie Medical Research Foundation as beneficiary of your RRSP or RRIF, you can continue to enjoy the benefits of these plans during your lifetime. Upon your death the balance is transferred to the Foundation. While this amount will be included as taxable income on your final tax return, the charitable tax receipt life insurance will offset the tax.

    At age 71, RRSPs must be collapsed or transferred to an annuity or RRIF. For those who have other adequate sources of retirement income this is an opportunity to make a gift of some or all of the plan principal. Again, the income tax triggered by the disposition of the plan will be offset by the charitable tax receipt.

    We would be pleased to discuss the advantages and details of giving through such plans with you and your advisor.

  • Gifts Of Life Insurance

    You can purchase a life insurance policy and immediately name DMRF as owner and beneficiary. Thereafter any premium payments you make will be considered a charitable donation and qualify for a tax credit. Alternately, if you retain ownership of the policy but name DMRF as beneficiary the premium payments will not attract a tax credit. On your death DMRF will issue a tax receipt for the death benefit of the policy that your executor may use on your final tax return.

  • Insured Annuity

    An annuity and insurance may be combined to allow you to increase your income, make a gift and ensure your heirs are not disadvantaged. The purchase of an annuity often substantially increases your after tax income. Some of this increase may be used to purchase an insurance policy owned by and payable to DMRF. As above, the premiums will qualify for a tax receipt reducing the cost of the insurance.