A charitable bequest is one of the easiest and most popular ways to make a planned gift. With as little as one sentence in your will or trust, you can make a bequest to Renown Health Foundation. For sample language to use in your will or trust, contact Renown Health Foundation.
You can easily make many types of legacy gifts by designating Renown Health Foundation as a partial, full, or contingent beneficiary of a policy or account. Fill out your provider’s paperwork for the following and identify the Renown Health Foundation as your beneficiary.
- IRA or other retirement account
- Life insurance
- Stocks and bonds
- Savings/checking accounts
- Donor-advised fund
- Commercial annuity
Real Property Gifts
Your real property may be given to Renown Health Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to Renown Health Foundation. Your gift will generally be based on the property’s fair market value, which must be established by an independent qualified appraisal. You may desire to leave your home, ranch, or farm to Renown Health Foundation at your passing, but would also like to receive a current charitable income tax deduction today. A life estate reserved might offer the solution you need. You deed your home, ranch, or farm to Renown Health Foundation with the right to use your home, ranch, or farm for the rest of your life. You agree to pay the property insurance and taxes and to keep the property maintained. At the end of your life, your home, ranch, or farm will belong to Renown Health Foundation. The property will be used or sold to further the organization’s mission.
Gifts That Give Back
Charitable remainder trusts provide a gift to Renown Health Foundation and can provide you or your other named beneficiaries with income for life, a term of years, or both in either a set amount or based on a percentage. Donors receive favorable tax treatment such as an immediate tax deduction for the charitable portion of the trust and potential avoidance of capital gains on the sale of an appreciated assets.
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