Making charitable contributions is an art — a creative process that adapts to the changing needs and wishes of the donor. Planned giving enables a donor to arrange charitable contributions in ways that maximize his or her personal objectives while minimizing the after-tax cost.
Depending on the asset given and the gift arrangement selected, a donor can generally expect to obtain some of all of the following benefits:
- Fulfill philanthropic goals
- Reduce income tax through a deduction for the gift
- Avoid capital-gain tax on gifts of long-term appreciated property
- Retain life income for the donor and other beneficiaries
- Increase spendable income
- Eliminate federal estate tax on property passing to charity upon the donor’s death
- Reduce costs and time in estate settlement
The following are suggestions of planned charitable gifts. You should consult with your own tax and legal advisors for a full discussion of the tax implications of particular gift plans.
- Securities and Real Estate
- Tangible Personal Property
- Life-Income Plans
- Charitable Remainder Trust
- Charitable Remainder Annuity Trust
- Pooled Income Fund
Gifts by will or bequest
- specific bequest
- general bequest
- residual bequest
- contingent bequest
Gifts to fund the future
For more information on how you can help fund your local hospital please contact us.