Leave a Legacy
Planned Gifts
A planned gift can be best described as any gift of cash, stock or personal property to any nonprofit that requires the services of a professional such as an attorney, estate planner, CPA, financial planner or insurance broker. A planned gift can be an important part of an estate plan, providing an excellent method of reducing taxes. The planned giving program at SNMH Foundation was established to allow donors to make larger gifts than otherwise possible without undue financial sacrifice, while enjoying the financial benefits of such a gift, along with gift recognition and the knowledge that your gift has made a difference.
The foundation staff will inform, guide and serve donors wishing to make a planned gift; however, we urge anyone considering this type of gift to seek the counsel of their own legal advisor in reviewing the tax consequences, terms and overall estate plan implications.
Deferred Giving
If you wish to make a significant gift, but are concerned about losing income from assets you would give, you may want to consider a deferred gift. Deferred Gifts may be made in trust to Sierra Nevada Memorial Hospital Foundation while the donated asset is retained by the donor or other beneficiary for life. Deferred gifts can be an important part of an estate plan, providing an excellent method for reducing income, estate and gift taxes. When appreciated property is involved, capital gains tax may be avoided.
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Wills, Bequests and Trusts
You may leave cash, securities, real estate or other assets to Sierra Nevada Memorial Hospital Foundation in your will. The value of such a legacy is deductible from the estate of the donor. It is also possible to establish a Charitable Remainder Trust by means of a will and provide income to the beneficiary of your choice. Making a bequest is as simple as adding a codicil (amendment) to your will.
Donors who are considering making a planned gift are encouraged to contact the foundation office with their intent early in the process to help ensure we are prepared to accept the gift and that your wishes can be honored.
Charitable Gift Annuities
A Charitable Gift Annuity (CGA) can address many personal financial goals while providing the ability to make a significant gift to SNMH Foundation. Anyone who is in need of increased income, whose estate is subject to estate taxes, who would like to benefit charity, and who has a need for tax advantaged income is a candidate to benefit greatly from a CGA.
A Charitable Gift Annuity is an irrevocable two page agreement with two parts: 1) the income interest, and 2) the remainder interest. The income interest is the income paid to the individuals who established the contract (or their designated beneficiaries) for their lifetime or a term of years. The remainder value is the CGA value remaining when the agreement terminates. The remainder value is given to SNMH Foundation as specified in the agreement.
Benefits of CGAs:
1. Tax-Free Transfer and Sale
2. Immediate Income Tax Deduction
3. Increased Cash Flow
4. Tax Advantaged Income
5. Asset Management
6. Gift and Estate Tax Planning
For more information about giving opportunities, please call the Sierra Nevada Memorial Hospital Foundation office at (530) 477-9700.
