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Planned Giving

Estate Planning
Why include Elbert Memorial Hospital Foundation in your financial and estate planning? Because strategic charitable investments can provide you with important tax benefits now and in the future. Your planned gifts also give you the satisfaction of supporting improved healthcare for yourself, your family and your community.

Bequests
For many donors, a gift through their will is the best way to make a substantial contribution to the Foundation. Anyone with assets can make a bequest. If you have included Elbert Memorial Hospital Foundation in your will, please let us know so that we may properly acknowledge you. However, if you wish, your information will be kept in strict confidence.

Gifts of Property
Qualified gifts of both personal and real property may be used to fund a life income arrangement. Gifts of Insurance, new or existing life insurance policies, provide a cost-effective way to make a significant gift. Transferring ownership of an existing policy to the Foundation results in a tax deduction.

Charitable Lead Trusts
Donors wanting to transfer wealth to another generation can establish a lead trust. In this instance, the foundation could enjoy a stream of income to help meet immediate needs and, after a period of time, the donor’s heirs receive the assets. This method of giving also helps to reduce taxes of the donor’s estate.

Charitable Remainder Trusts
A donor creates a trust funding it with cash or appreciated property. Income from the trust is paid to beneficiary(s) specified by the donor. Beneficiary(s) receive income for life or for a specified number of years, and at the end of the trust term the assets of the trust pass to the Foundation.

Life Income Gifts
Life income gifts offer the following financial benefits:

  • An income for life for the beneficiary and a second beneficiary
  • A charitable income tax deduction
  • A higher rate of return than many conservative investments
  • A reduction or avoidance of capital gains taxes

Charitable Gift Annuity
The donor makes a gift in exchange for a fixed annual income stream for life (and the life of a spouse if desired.) The older the annuitant(s), the higher the rate paid. At the death of the annuitant(s), the principal goes to the Foundation. Gift annuities are administered by the Foundation and backed by all of its assets.

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