Planned Gifts
A planned gift is 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 while benefiting your favorite charities. The planned giving program at the Sequoia Hospital 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.
Wills, Bequests and Trusts
The simplest form of planned giving is a bequest. You may leave cash, securities, real estate or other assets to the Sequoia 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 including the gift in your will or adding a codicil (amendment) to your existing will.
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 the Sequoia 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.
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.
The Sequoia Hospital Foundation encourages donors to consult their attorneys and other advisors concerning the details of their planned gifts. For additional information, please contact our office at (650) 367-5854.
