Bequests and Planned Giving: Royal Alexandra Hospital Foundation

A bequest in support of healthcare is a gift to the entire community.

Through a bequest in your will, you have the opportunity to build a legacy. A bequest in support of healthcare can benefit thousands of lives by supporting compassionate, innovative patient care at the Royal Alexandra Hospital or one of its centres of excellence.

What is a bequest?

A bequest is the most common type of future or "planned" gift. It is a gift made in your will that can help express your wishes and interests. It may be a specific sum of money, a particular asset (e.g. shares or investments), or a portion of your estate. With careful planning, a legacy gift such as a bequest may allow you to make a much larger gift than otherwise possible, and help to minimize taxes for your estate.

Four Great Reasons

Four great reasons to include the Royal Alexandra Hospital Foundation in your will:

A planned gift, as opposed to a gift given now, has the chief advantage of not affecting your current financial resources.
We can help ensure that your will is worded correctly to clarify your intentions. This will ensure your gift is used as you intend and directed to the area you have chosen to support. For example, you can support a specific department at the Royal Alexandra Hospital, such as cardiology, or support a particular research fund, such as ovarian cancer.
When the good news of gifts such as yours is shared with our healthcare and research professionals, they are inspired. Your generosity not only encourages medical staff but motivates others to make their own commitment.
Your experience and knowledge of the Royal Alexandra Hospital Foundation's work will deepen through regular updates on areas of interest to you. You will be able to meet the President of the Foundation, top hospital administrators, and medical staff who will keep you informed about the latest achievements and discoveries at the Hospital. Your membership in our Legacy Builders' Society will also mean invitations to exclusive events if you choose to attend.

Leave a Legacy of Impact

Leaving a legacy to healthcare can impact future generations in our community and can lessen the tax burden of your estate, leaving more to your family. We want to work with you to understand what you envision and what impact you can have in the community both now and in the future.

“After careful and serious deliberation, I have decided that the Royal Alexandra Hospital Foundation was the right place to trust with my estate. Through discussions with the folks there, I gained the confidence that my life's work will help the most people, and in a way that has deep meaning for me. I truly believe that as long as the Royal Alexandra Hospital is given the support it deserves to carry out its work, the future is limitless.” — Kazimierz (Kasey) Kozak 1925-2015

Mary Anne Komaran, Kasey Kozak, and Thomas and Melanie Nakatsui have all generously made the decision to give a gift to the Royal Alexandra Hospital, in the form of a bequest. Click here to read more about our network of legacies.

In the past, the Royal Alexandra Hospital Foundation had hosted a lecture on Wills and Estate Planning delivered by guest speaker Joyce Burnett. “I loved Joyce. Her talk was so helpful to people regardless of their level of familiarity, whether you were an individual with a young family or a person who has already reached retirement stage. It was equally useful. Joyce Burnett was fantastic and so knowledgeable.” – Myrene Couves, Parkland County, Alberta. Click here to read the full story.

Where to start?

To arrange a confidential discussion about how we can assist you, or to obtain further information about the Royal Alexandra Hospital, the Foundation and its programs, please contact Morrel Wax. We hold all inquiries in strict confidence. Any expression of interest or request for information will not obligate you to make a bequest or other planned gift.

Morrel Wax, Director of Philanthropy
Royal Alexandra Hospital Foundation
10240 Kingsway NW, Edmonton, AB T5H 3V9
E-mail: [email protected]
Phone: 780-918-8417

Sample Wording for Your Wills

The following wording for your will may be printed to share with your lawyer, or retain it for the right moment.

Our official name and address:

Royal Alexandra Hospital Foundation
10240 Kingsway NW, Edmonton, AB T5H 3V9
Canadian Charitable Registration Number: 11912 6217 RR0001

A general bequest designates a certain dollar amount of property, usually cash, to the charity you select.

Example: "I give to the Royal Alexandra Hospital Foundation the sum of $10,000.00 for its general purposes and greatest needs."

A specific bequest directs that the Foundation is to receive a particular asset:

Example: "I give to the Royal Alexandra Hospital Foundation 500 shares of XYZ stock for its general purposes and greatest needs."

A residual bequest designates for the Foundation all, or a portion, of whatever remains after all debts, taxes, expenses and other bequests have been paid.

Example: "I give to the Royal Alexandra Hospital Foundation fifty percent (50 percent) of the rest, residue and remainder of my estate for its general purposes and greatest needs."

A contingent bequest takes effect only under certain conditions:

Example: "In the event my wife does not survive me, I give to the Royal Alexandra Hospital Foundation the sum of.... for its general purposes and greatest needs."

FREQUENTLY ASKED QUESTIONS (FAQ)