FOUNDATION :: PLANNED GIVING

Planned giving allows you to continue to enjoy personal and family benefits, as you give to a charitable cause. These benefits include receiving income for life, bypassing capital gains taxes, increasing income and decreasing estate, gift and income taxes while preserving wealth for loved ones.

Methods of Planned Giving

Bequest through a Will or Living Trust: A bequest is one of the simplest ways to give of your estate as well as reduce estate taxes. It can be in the form of a dollar amount, specific property, a percentage of your estate, or what is left after you have provided for your heirs.

Charitable Gift Annuity: In exchange for a gift of cash or securities, the Foundation will pay you a guaranteed, fixed income for life. The rate of return is based on your age and you receive a substantial income tax deduction in the year of the gift. A portion of the payment is tax free.

Deferred Gift Annuity: A deferred gift annuity is similar to the charitable gift annuity, except that payments begin at a future date determined by you. Your tax deduction and annual rate of return increase the longer you wait to start payments. This is an excellent retirement vehicle.

Charitable Remainder Trust: Charitable remainder trusts are ideal for highly appreciated assets, such as real estate. These trusts distribute either a fixed dollar amount of income, or a variable amount either for a set term of years, or the lifetime of the beneficiaries. Capital gains taxes are bypassed, income is increased and you will receive a charitable tax deduction in the current year.

Charitable Lead Trust: In a charitable lead trust, assets are transferred to a trust, which pays income from the fund to the Foundation for a number of years that you determine. At the end of the period, the trust terminates and the assets are given back to the persons you name. The income tax deduction is for the payments made annually to the Foundation.

Contact Us

We would be delighted to discuss with you and offer assistance in exploring appropriate methods in which you may contribute to the Hospital. Please contact us, and indicate the best method and time in which to contact you. Thank you for your interest.