Planned Giving Opportunities

What Is Planned Giving?

Planned giving is a way to support Hospice of the Rapidan wisely, thoughtfully and creatively.  It covers a wide range of gifts designed to provide both meaningful support for Hospice of the Rapidan and maximum tax, estate planning and/or income advantages to the donor.

Planned giving is a process by which people can structure substantial gifts to Hospice of the Rapidan and achieve a variety of personal objectives.  Some donors seek to make a gift while preserving (or even increasing) their investment income.  Others seek a way to support us and maximize the estate they leave to their heirs, or are at a point in their lives when they face significant taxes (such as when they sell a business or home that has appreciated over the years) and are interested in the considerable tax benefits planned giving affords.

Planned giving is also a way to make arrangements today for a deferred gift or lasting legacy that can help ensure the ability of Hospice of the Rapidan to effectively meet the needs of patients and families for years to come – a lasting legacy.
 

In order to meet the individual goals of each donor, it is often useful for the donor’s tax, estate planning or legal advisor to participate in the planning of the gift.  Hospice of the Rapidan welcomes and encourages conversations with you and your advisors. 

The Benefits Of Planned Giving

American tax laws not only encourage the support of charitable organizations; the tax code provides benefits that make it possible for the philanthropic spirit to be expressed through many forms of giving.

Among the many benefits of planned giving – in addition to providing meaningful and lasting support for Hospice of the Rapidan – are a variety of tax advantages, income and estate enhancement opportunities, and the opportunity to create a lasting legacy or memorial for individuals and families.

Planned giving, when properly structured, can provide significant tax benefits, philanthropic opportunities, and income advantages for donors with a wide range of goals.  Meaningful income tax, capital gains tax, and estate tax benefits can be achieved through planned giving. 

Gifts can also be structured to preserve or increase your investment income while providing tax advantages.  Planned giving can also provide the opportunity to generously support Hospice of the Rapidan without any reduction in the estate you leave to your heirs.

We welcome the opportunity to discuss your individual goals with you and your advisors, and to help you structure your gift to make the most of both your philanthropic spirit and the available tax, income and estate planning benefits.

Gifts For The Present

·         The most common way to give is by making a cash gift.  Cash gifts provide immediately available funds for us and a charitable gift income deduction for you.

·         Gifts of appreciated securities (stocks and bonds) may provide even greater tax benefits.  If you have owned the securities for at least one year and the value has increased since you purchased them, you can avoid capital gains tax and receive a charitable gift income tax deduction equal to their fair market value.

·         Gifts of real estate that has been held for at least one year provides similar benefits – avoidance of capital gains plus a charitable gift income tax deduction for the full fair market value of the property.

·         Charitable lead trusts can provide income to support Hospice of the Rapidan for a period of time (such as the donor’s life) while increasing the assets of the donor’s estate that is passed to his or her heirs by reducing or eliminating estate and applicable inheritance taxes.

Gifts For The Future

·         Perhaps the most common form of planned giving is leaving a bequest through a Will.  Bequests include leaving a specific dollar amount to Hospice of the Rapidan, bequeathing a specific piece of property or specific asset, specifying a specific percentage of the assets of the estate, or donating the balance of the estate after providing for family and other loved ones.

·         Charitable remainder trusts provide substantial current income tax and benefits for the donor while providing for Hospice of the Rapidan in the future.  These trusts provide a current income tax deduction for the present value of the gift and avoidance of capital gains for appreciated property, plus they pay the income of the trust to the donor (or his or her designated beneficiary) for life.  Charitable remainder trusts can be structured to pay a fixed annuity, the current income of the trust, or a fixed percentage of the trust’s assets as the donor directs.

·         Gifts of life insurance can provide substantial support for Hospice of the Rapidan at reduced cost to the donor.  Life insurance can also be a powerful estate planning tool when combined with charitable trusts and/or gifts of appreciated property.

Gifts That Keep Giving

• Endowment gifts provide continuing income for Hospice of the Rapidan as well as a lasting memorial for the donor. 
• Gifts of residual interests (called “remainders”) can also provide significant current tax advantages related to a deferred gift.  For example, a donor can donate his or her residence, vacation home or farm and continue to live there for the rest of his or her life and get a significant tax deduction now.
• Matching gifts – Many supporters of Hospice of the Rapidan work for companies that match charitable giving by their employees.  Making a gift eligible for matching amplifies the help your generosity provides our patients and families.

The Patricia Waters Bankhead Heritage Society

Supporters who leave a legacy in their will for Hospice of the Rapidan or who create a trust to support our work are inducted into The Patricia Waters Bankhead Heritage Society, which honors a founder of Hospice of the Rapidan whose foresight, vision and generosity have been exemplary.