Bequests: Remembering the Spencer Hospice Foundation in your will is possible through a planned gift called a bequest. Bequests can be made in a certain dollar amount, a percentage of your estate or a particular item or piece of property (whether it's real estate, artwork or otherwise). You can also make contingent bequests which leaves assets only if certain conditions are met, such as if spouse or other beneficiary does not survive you.
Gifts without Loss of Income: Through charitable remainder trusts, gift annuities or pooled income funds, you can make a gift which will become effective on your death, but will allow you to receive regular income during your lifetime.
Gift without Loss of Assets for Your Family: A charitable lead trust allows you to immediately provide a gift to the Spencer Hospice Foundation, avoid tax on income you might not otherwise need, and transfer wealth to your family at a lesser estate cost upon your death. In other words, a charity lead trust allows the charity to receive income during your lifetime, while the family receives your assets at the time of death.
Life Insurance: Gifts of life insurance can create a gift to the Spencer Hospice Foundation upon your death, or can replace the value assets donated to charity either during your lifetime or at your death.
Gift of Appreciated Stock: Your tax deduction is based on current fair market value. You pay no capital gains tax on appreciated value.
If you plan to make a planned gift, your accountant, attorney or financial advisor can help you choose the appropriate gift. In doing so, they can help top make certain that your gift qualifies for the maximum tax benefit to you and your beneficiaries. If you are not connected to a professional in these arenas, please call 888-469-1581 for professional references in your area.