Planned giving is a process that recognizes your gift today, but brings it to life some time in the future.
Planned giving involves careful consideration of your goals, aspirations and expectations, as well as an inventory of your assets and a determination of your future income needs and emergency fund requirements. Your family, trusted advisors and planned giving specialist at the charity you hold dear are essential in the process.
There are a number of planned giving opportunities available to you. A printer-friendly explanation of several of the ways to give a planned gift may be viewed by opening the following link: How to give for tomorrow.
Learn more about planned giving opportunities at Appleton Medical Center Foundation by reading below or contact Shane Kohl, Regional Development Officer at (920) 380-7920 or e-mail Shane.Kohl@thedacare.org.
A bequest takes the form of cash or other property given through a will. It is simple and straightforward. Simply insert the following sentence into your will: "I bequeath $___ or ___% of my estate to the Community Hospice Foundation." Not only does it help support the Foundation's efforts, your bequest may also reduce estate taxes. It's important that the Community Hospice Foundation is notified of the gift while the donor is still living so that there is time to acknowledge the donors generosity.
Charitable Lead Trusts
In this arrangement, the Community Hospice Foundation is the current income beneficiary of the trust. Upon the donor's death, the principal of the trust will transfer to other named beneficiaries such as children or grandchildren. As with other such arrangements, the donor, his or her advisors, and the Foundation work closely together to assure that the program meets the donor's intentions.
Charitable Remainder Trusts
These trusts provide a unique opportunity for donors to receive an immediate income tax deduction and an estate tax deduction upon their death, while providing a lifetime income for them and their spouse. Upon the donor's death, the remainder of the trust goes to the Community Hospice Foundation. The donor, his or her advisors and the Foundation's planned giving professionals work closely to be sure that this arrangement meets the donor's intentions.
Irrevocable Living Trust Agreement
This trust allows you to maintain ownership of your assets during your lifetime, and those assets are distributed to the Foundation upon your death. The trust is irrevocable, which provides certain tax benefits, but it essentially certifies your gift in a way that cannot be altered.
A life estate allows the donor to remain in his or her home or farm and take advantage of an immediate income tax deduction. A future estate tax deduction may also be available while providing a substantial gift to the Community Hospice Foundation upon the donor's death. This requires a close working relationship between the donor, his or her advisors, and the planned giving professionals at the Foundation.
Gifts can be made from existing or new policies. With existing policies, an immediate income tax deduction in the amount of the cash value of the policy can be taken if Community Hospice Foundation is named the irrevocable owner. With both existing and new policies, annual premiums may be tax deductible and the face amount becomes a charitable deduction upon the insured's death.
Retirement Plan (IRA, Pension) Beneficiary
You may designate the Foundation as a recipient of your gift wishes in many retirement-based investment/savings plans. Our planned giving staff is able to assist you in learning about the opportunities available to you and will work with you and your financial consultant to set up a gift that meets your intentions.