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Why do hospitals need charitable donations? - DFSIN - SFL

Why do hospitals need charitable donations?

In Canada, the health category is among those that receive the highest number of charitable donations. But you may be wondering, “Why do our health care institutions need all this money when they are already funded through our taxes?” 

May 27, 2022

In Canada, the health category is among those that receive the highest number of charitable donations.

In fact, 39% of donors contribute to health funding, and their donations represent about 26% of each year’s total giving.

But you may be wondering, “Why do our health care institutions need all this money when they are already funded through our taxes?”

Actually, public funding of health care is largely based on the provision of medical care.

So the contribution of private funds is invaluable for supporting investments in research and state-of-the-art equipment, which require large amounts of capital. In some situations, these funds may also be used to provide specialized care or to purchase medical supplies.

With the need being so great, health care can easily fit into a planned-giving strategy, which you can set up with the help of your advisor. A planned-giving strategy allows you to take advantage of tax leverage possibilities that can help you make a real difference in this essential sector.

As well, it will let you direct your donations to where they will have the greatest impact, following a detailed evaluation of the practices used by organizations under consideration.

For more information, talk to your advisor

Les sources suivantes ont été utilisées dans la réalisation de cette vidéo :
CanaDon, « Le rapport sur les dons 2020 ».
The FrontLine Fund, « Impact report. »
Federated Health, « Why We Need Health Charities ».
Healthy Debate, « Is Ontario’s reliance on donations to fund hospital infrastructure fair and sustainable? ».
Actualis, « Dons planifiés : pour faire une différence ».