The Heritage Society: Recognizing Today’s Commitment to Tomorrow's Promise

The Heritage Society honors donors who have made a commitment—from the modest to the magnificent—to Capital Health through a planned gift in their will or estate plan. In addition to the tax-advantages associated with planned giving, the Heritage Society offers special recognition through events and publications. Donors receive a certificate of membership and personal invitations to special events.

Download the Heritage Society brochure.

 

 


 

Ways to Make a Planned Gift

Wills and Bequests
A bequest is a gift you make by naming Capital Health in your will. In doing so, you will benefit from an estate tax deduction for the value of the bequest. You may include Capital Health in your will by adding a codicil or amendment to your current will. Please consult your attorney on making this simple and inexpensive change. We would be pleased to provide sample language.

Charitable Gift Annuities
A charitable gift annuity is a contract between you and Capital Health in which you make a gift of cash or other property such as appreciated securities to Capital Health and in return receive fixed payments for life. Payments may be based on one or two annuitants. If you itemize deductions on your tax return, savings from the charitable deduction reduce the net cost of the gift.

Living Trusts
A Living Trust is a trust you establish to take effect during your lifetime. Terms of the trust can be changed at any time and may enable you to minimize estate taxes if Capital Health is the beneficiary of the trust remainder.

Charitable Lead Trusts
A Charitable Lead Trust pays Capital Health an income for a period of years before you or your heirs receive the trust remainder. This type of trust enables you to pass assets to your heirs intact at a reduced cost. In addition, it provides gift or estate tax savings for the value of the payments made to Capital Health.

Life Insurance
A gift of a life insurance policy, new or existing, that names Capital Health as beneficiary and owner, provides an immediate income tax deduction for the gift's value as well as potential estate tax savings. Gifting life insurance enables donors to make a significant gift with little expenditure. Often, policies are donated to a charity after the children for whom they were purchased have attained independence. 

Real Estate
A donation of real property, either in full or with a retained life interest, offers many benefits. These include an immediate income tax deduction for the charitable value of the gift, and no capital gains tax. A gift of real estate may also allow you to live in your home and still receive a charitable deduction.

Retirement Plans

By naming Capital Health as the remainder beneficiary of your retirement plan, you will avoid tax on "income in respect of a decedent" as well as estate tax on the plan. A gift of your retirement plan preserves the plan's value and allows you to leave heirs less costly bequests.
For more information about the Heritage Society, please contact:

Capital Health Development Office
609-303-4121

Back to top