A bequest or gift by will is a simple and thoughtful way to leave a personal legacy, representing your life and values. Whether it is a set dollar amount or a percentage of your estate, a bequest in your will allows you to make a difference for generations to come.
All of the programs and services at Wellspring are provided at no charge to those living with cancer and those that care and love them. Wellspring does not receive core government or hospital funding, instead relying on the generosity of donors like you.
You enable us to fulfil our mission of serving people living with cancer at no cost to them. Pass on something wonderful.
A bequest is your lasting legacy, letting others know what was important to you. Donors are also invited to receive recognition today for your future commitment to Wellspring.
If the bequest is funded with publicly-listed securities, there will be no capital gains tax payable on the securities donated, under current legislation.
Your estate is entitled to a donation receipt for the full value of the bequest, which may dramatically reduce taxes payable by your estate.
Your estate can claim donations for income tax purposes of up to 100% of the net income in the year of death, and any excess amount can be carried back one year.
A bequest is revocable and can be changed in your financial situation changes.
RRSPs/RRIFs are among the most highly-taxed assets in your Estate. If the beneficiary of your retirement funds is someone other than your spouse or dependent child, the proceeds of the RRSP/RRIF will be taxed as ordinary income in your estate. However, if you name Wellspring as the beneficiary, the total amount of the RRSP/RRIF will be given directly to Wellspring and your estate will receive a charitable tax receipt for the total gifted amount.
RRSPs/RRIFs gifts are revocable and can be changed if your financial circumstances change.
You have full and complete use of your retirement savings while you are alive.
Donating by life insurance policy allows you to make a larger gift than you may have thought you could afford, at a relatively low cost. You can make a substantial and meaningful future contribution with modest tax deductible premium payments.
A gift of life insurance does not reduce the value of your estate for your loved ones.
A gift of life insurance allows you to structure your tax credits to suit your financial situation – you can receive an annual tax credit or your estate can receive a tax credit in the year of death.
Making a bequest is simple. If you have already prepared your will, you can update it with a codicil, which is a supplementary document added to the existing will, describing your gift intentions.
If you have not yet prepared a will, we recommend you do so as soon as possible. This is an important first step to ensure your intentions for your estate are documented and your family and loved ones are taken care of.
You may make a specific bequest to Wellspring New Brunswick to identify a defined gift amount, or you may make a residual bequest, which means that you designate all or a percentage of the remaining portion of the estate, after debts, taxes, and administrative expenses have been paid.
It’s important that you consult with a lawyer when drafting your will, or updating it when your circumstances change.
If you plan to include a bequest in your will for Wellspring New Brunswick, which is funded by the Friends of The Moncton Hospital Foundation and the CHU Dumont Foundation, please include one of the following, and specify that you want funds to be allotted to the Cancer Support Program:
Our legal name: Friends of The Moncton Hospital Foundation
Our charitable registration number: 11893 3134 RR0001
Friends of The Moncton Hospital Foundation
166 Macbeath Avenue
Moncton, New Brunswick E1C 7A1
Our legal name: CHU Dumont Foundation
Our charitable registration number: 89127 5141 RR0001
CHU Dumont Foundation
330, avenue Université
Moncton, New Brunswick E1C 2Z3
You may name Wellspring New Brunswick as a direct beneficiary of your Registered Retirement Savings Plans (RRSPs) or your Registered Retirement Income Fund (RRIF).
If you have already named a beneficiary of your RRSP/RRIF but would like to include or change the beneficiary to Wellspring New Brunswick, which is funded by the Friends of The Moncton Hospital Foundation and the CHU Dumont Foundation, simply call your financial advisor or financial institution and ask to change the beneficiary designation.
Please use one of the following, and specify that you want funds to be allotted to the Cancer Support Program:
Our legal name: Friends of The Moncton Hospital Foundation
Our charitable registration number: 11893 3134 RR0001
Friends of The Moncton Hospital Foundation
166 Macbeath Avenue
Moncton, New Brunswick E1C 7A1
Our legal name: CHU Dumont Foundation
Our charitable registration number: 89127 5141 RR0001
CHU Dumont Foundation
330, avenue Université
Moncton, New Brunswick E1C 2Z3
You can make Wellspring New Brunswick the beneficiary of an existing life insurance policy, or a new one. For the cost of a monthly premium (a tax deductible expense), you can leave a major bequest.
If you would like to establish a gift of life insurance to Wellspring New Brunswick, please use one of the following, and specify that you want funds to be allotted to the Cancer Support Program:
Our legal name: Friends of The Moncton Hospital Foundation
Our charitable registration number: 11893 3134 RR0001
Friends of The Moncton Hospital Foundation
166 Macbeath Avenue
Moncton, New Brunswick E1C 7A1
Our legal name: CHU Dumont Foundation
Our charitable registration number: 89127 5141 RR0001
CHU Dumont Foundation
330, avenue Université
Moncton, New Brunswick E1C 2Z3
If you have additional questions, reach out to the following Wellspring representative:
Jacqueline Bloom at 506-229-3286 or jacqueline.bloom@wellspringnewbrunswick.ca
166 Macbeath Avenue, Moncton, NB E1C 7A1 | 506-229-3286
The Friends Foundation #11893 3134 RR0001
Wellspring Organization Websites
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