It is not necessary to be wealthy to establish a planned gift. The Community Hospice has drawn strength from and flourished through an exceptionally broad base of support from people of all income levels.
The generous donations of community members who understand the value of these important services make it possible for The Community Hospice to serve every one of our neighbors in need, regardless of their financial circumstances.
If you want to provide a future benefit to The Community Hospice but are not completely sure what assets you may need in the future, you might consider including a bequest to the Community Hospice Inc. in your will or trust, or naming the Community Hospice Inc. as a beneficiary of your retirement plan or life insurance policy.
While providing a future benefit to The Community Hospice, you will retain maximum lifetime flexibility to respond to changing family needs and other circumstances and can adjust your beneficiary designation accordingly. The assets you designate for The Community Hospice (Foundation) will be eliminated from your taxable estate at your death, and you will also eliminate income taxes owed on designated retirement plan assets. The designated amount can be applied for the purposes you choose at The Community Hospice.
If you are comfortable making a current donation of assets now but would like to receive a regular payment stream for the rest of your life, a “life income” gift plan might be perfect for you.
As with any aspect of financial and estate planning, these gift ideas should be discussed with your own legal and financial advisers. The Community Hospice Foundation staff would be pleased to confer with you and your advisers, in confidence and without any obligation, to help determine which plans might be best suited to your circumstances and objectives.
The Community Hospice Foundation does not provide legal or tax advice. We recommend that you seek your own legal and tax advice in connection with gift and planning matters. To ensure compliance with certain IRS requirements, we disclose to you that this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties.
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