Interested in positively impacting the health and well being of the Porterville community for years to come? Then consider leaving a legacy gift to the Sierra View District Hospital Foundation in your estate plan. Planned giving opportunities are a great way to help ensure the future of the hospital while allowing you to continue reaping the financial benefits via investment returns and tax breaks.
There are several ways to include the SVDH Foundation in your estate plan, including those listed below. (Important: This information is for demonstrational purposes only and should not be misconstrued as financial guidance or advice. When considering a planned gift to the SVDH Foundation or any non-profit entity, it's extremely important to consult your attorney and/or financial advisor for more information.)
Stocks, bonds and appreciated assets - The benefits of donating these assets are two-fold: you'll receive a charitable deduction for the entire current market value and you'll also avoid any capital gains tax on the appreciation.
Wills & living trusts - Even modest estate plans can be highly beneficial to non-profit organizations such as the SVDH Foundation. Leaving a portion of your estate to such organizations can also result in considerable estate tax savings.
Retirement plans - Leaving all or part of a retirement savings plan (e.g., 401(k), IRA, pension) to your heirs is an incredibly wonderful gift, but the tax rate associated with this kind of gift is very high. To neutralize or eliminate these taxes, consider giving all or a portion of your retirement plan to a non-profit organization such as the SVDH Foundation.
Brokerage and bank accounts - Assets held in standard bank and brokerage accounts as well as certificates of deposit can also be left to the SVDH Foundation.
Life insurance - Another outstanding way to benefit personally while helping the SVDH Foundation at the same time is through the gift of a life insurance policy that you may no longer need. By donating these policies, you can receive an income tax deduction for the cost of the policy or its replacement value.
Real Estate - Gifts of real estate can also prove beneficial for the SVDH Foundation while ridding its owner of unwanted taxes and property management-related difficulties at the same time. Individuals with vacation homes, undeveloped land, personal residences or any other real estate holdings can leave these properties to the Foundation as an estate gift. Gifts such as these can results in immediate income tax savings as well as estate tax savings down the road.
Future Interest - Interested in leaving a gift of real estate to the SVDH Foundation, but not ready to part with that piece of property just yet? You can still donate your home or farm to the SVDH Foundation, continue living in and maintaining the property for the rest of your life, and still receive a major tax break. Talk to your financial consultant for more information.
Gift Annuities - If you find yourself fearing for the short term future of your investments (i.e., volatile stock market, plummeting interest rates, etc.) then a charitable gift annuity may be for you. In exchange for a gift of securities or cash to the SVDH Foundation, we will agree to pay you or a secondary beneficiary a fixed income amount for life. Upon the death of the last beneficiary on the annuity, the remaining funds will be used by the SVDH Foundation to support the hospital.
Charitable Remainder Trusts -- By setting up a charitable remainder trust, or CRT, all income from assets sold will go into a tax-free trust. This income can then go to support your family - tax-free - for the life of the trust. Once that trust ends, the remaining funds would benefit the SVDH Foundation. The financial advantages of a CRT are numerous. Speak to your financial professional for more information.