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It's Personal
Meet Ellen Clare
Ellen Clare wanted her inheritance to keep on giving. So she gathered her trusted advisors around the dining room table and gave them instructions to implement her creative solution.
The result? A bequest structured to give one-third to charity. And because the bequest was in the form of a direct transfer of stock, not cash, it saved her estate extra thousands of dollars in taxes. She then consulted with her children to select the charities, which included The Princess Margaret Hospital Foundation. The vibrant, entrepreneurial Orangeville woman was treated at the hospital for lymphoma, where she also received a stem cell transplant. She died in December 2004.
“Ellen was the button-down business brain in our family and she’s still teaching us,” says husband Richard Poole.
“We’re all proud of her for this approach. It’s created awareness in the whole family to think about how they’ll manage their own estates.”
Ellen’s cancer journey also inspired her family. She was a devotee of The Healing Journey program, created by PMH’s Dr. Alistair Cunningham, and believed the best hope was to have the body and mind at peace. Funding from her bequest supports The Healing Journey and New Drug Development programs at PMH.
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