A Gift for the Future
What is Planned Giving?
A planned gift can be one of the easiest, most fulfilling ways to create a legacy at East End Hospice. A bequest to East End Hospice builds financial strength and provides benefits to us at no cost to you during your lifetime. It ensures that we’ll still be providing compassionate end-of-life care, long into the future.
What Planned Gift is Most Beneficial to Me?
Bequest – Bequests can be as simple as naming East End Hospice as a beneficiary in your will or trust. The gift can be stated as a percentage of the estate, as a dollar amount, or as a specific asset.
Charitable Gift Annuity – Making a gift through a charitable gift annuity allows the transfer of cash or property to East End Hospice in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. Many advantages exist from this type of gift, for both EEH and the donor.
Charitable Remainder Trust – A charitable remainder trust allows for the creation of a retirement plan that offers maximum income to the donor and makes a deferred charitable gift to East End Hospice.
Charitable Lead Trust – Establish a charitable lead trust to make payments to East End Hospice for a set period of time. The remainder will then pass to the donor’s child or grandchildren. A lead trust could create significant gift and estate tax savings.
Gifts of Life Insurance – Naming East End Hospice as a beneficiary in a life insurance policy could result in estate tax savings for heirs. It is also possible to donate a policy that no longer needed and qualify for an itemized income tax deduction.
Retirement Plan Assets – Naming East End Hospice as beneficiary of part or all of an IRA or retirement plan could result in tax savings and, in some cases, income tax savings.
Gifts of Appreciated Property – The donation of securities or real estate offers an excellent opportunity to provide a charitable gift with tax benefits, including avoiding capital gains tax on appreciation and a charitable income tax deduction equal to the full value of the donated assets.
Gifts of Artwork – East End Hospice eagerly accepts gifts of valuable artwork or other collectables. Please provide an appraisal at the time of donation. In addition, EEH accepts artwork for its inpatient hospice facility. For more information, please call 288.7080.
This information is not intended as professional tax or legal advice. Please consult your financial advisor for your specific situation.
How Can You Get Started?
Discuss your options with a legal, financial or other qualified professional advisor.
For questions or more information, please contact Emily K. Madsen, Director of Planned and Major Gifts at 631.461.6496.