Charitable gift planning, in concert with your personal long term financial and estate planning, offers important tax benefits, now and in the future.  There are many ways to construct estate and planned gifts.  Your attorney can provide additional information for you to consider.  Here are some common types of Estate and Planned Gifts.

Wills and Bequests

Bequests, which are gifts made through a will, have been an extremely popular way of providing support for the charitable organizations that are so important in our lives.  It is the simplest and most frequent used method of gift planning because it provides you important flexibility.  Estate tax charitable deductions are available.  Your attorney can assist you with how this would impact you.

Gifts of Appreciated Stock

Giving stock is one of the many ways you can combine your charitable giving goals with effective estate and financial planning.  By giving appreciated stock, you can avoid capital gains taxes that would be due as a result of its sale and support the local causes you can about the most.

Charitable Gift Annuities

One of the simplest and most popular charitable gifts is a charitable gift annuity.  this gift option is a combination of an investment and a gift that provides like income to the donor (and another recipient if desired).  The designated charity accepts the gift and in return obligates itself to pay a fixed and specified dollar amount to the donor for life.

Gifts of Life Insurance

You may wish to make the Community Memorial Hospital Foundation the beneficiary (or contingent beneficiary) of your life insurance policy, as a way to make a sizable future gift.  You retain lifetime ownership of the policy, keeping the right to cash it in, borrow against it, and change the beneficiary.  A gift like this is treated much like a bequest made through your will.  Because you retain the ownership of the asset (life Insurance policy) you will not receive an income tax charitable deduction for this future gift or your premium payments during your lifetime.  The policy's proceeds will be included in your gross estate, and your estate can take an estate tax charitable deduction.

Gifts of Real Estate

Gifts of real estate can enable the Community Memorial Hospital Foundation to make significant investments in health care delivery.  Since much of the individual assets in the U.S. are invested in real estate, these types of donations can also be an effective means of planning a gift.

Real estate donations could include a home, farm, vacation or second home, commercial building, or undeveloped land.  Each piece of property and its unique circumstances must be reviewed to determine the suitability of the property as a gift.  Generally speaking a suitable real estate gift can be readily sold.

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