“You cannot do a kindness too soon, for you never know how soon it will be too late.”
— Ralph Waldo Emerson
Planned giving encompasses a variety of strategies that will help donors make a special gift to Heart of Hospice Foundation, while also advancing their own financial and personal goals.
Honoring the memory of someone who has touched your life. Families often specify “Memorials to Heart of Hospice Foundation in lieu of flowers.” Heart of Hospice Foundation is frequently the recipient of memorial gifts honoring loved ones who were never in our program.
Expressing love and respect for a living family member, friend or Heart of Hospice employee. This gift is a thoughtful way to observe a special occasion such as a birthday, anniversary, holiday, or for a special recognition.
Name Heart of Hospice Foundation as a Beneficiary in your Will
Your bequest might be a gift of cash in a specified amount, a percentage of your estate, stock, real estate or personal property. Please notify Heart of Hospice Foundation of any decision to make such a bequest, so that we may realize its full benefit and recognize you appropriately.
A Bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your Will or Trust specifying a gift to be made to family, friends or charity as part of your estate plan.
- Gift of a percentage of your estate
- Gift of a specific asset
- Gift of the residue of your estate
Bequest of an IRA
A retirement asset like an IRA account makes an excellent bequest to charity. If the IRA were given to your family, much of the value would be depleted through estate and income taxes. By designating charity as the beneficiary of part or all of your IRA, the full value of the gift is transferred tax free at your death and your estate receives a charitable deduction. If you wish to leave your IRA to your spouse at your death, you may also designate charity as the secondary beneficiary of your account. Contact your IRA or retirement account custodian to obtain a beneficiary designation form and make a bequest from your IRA.
Bequest of Insurance Policy
An insurance policy makes a nice bequest to charity. As an asset of your estate, an insurance policy is taxable at your death. However, if the policy is gifted to charity, your estate avoids paying tax on the value of the policy and receives a charitable deduction for the gift. You may generally name anyone as beneficiary of your insurance policy and change your designation at anytime. Contact your insurance company to obtain a beneficiary designation form
and make a bequest of your policy to charity.
Choose to donate securities (stocks, bonds, etc.). Generally you can deduct the fair market value of the gift and avoid capital gains tax liability.
Ask your financial advisor about the benefits of a Gift Annuity for Real Estate or other investments. The benefits allow you to receive both very nice tax benefits and fixed payments:
- Fixed payments for life
- Rates increase with age
- Income tax deduction