Planned Giving – Estate Giving

Although a gift of cash is the most common way of donating, estate planning is an excellent way to support the charitable causes you believe in, while sheltering your estate from some tax burden. Planned giving methods include:

  • A Living Trust takes effect during your lifetime with possible savings in estate taxes if a charity is the beneficiary. Terms of the trust can be changed at any time.
  • Bequests are gifts made by naming a charity in your will. They benefit your estate tax obligation while allowing the flexibility to provide for family needs.
  • Life Insurance Gifts allow a charity to be named as the owner or beneficiary of a policy. The donor could receive immediate income tax deductions and possible estate tax savings depending on the gift resulting in a significant donation with little expenditure.
  • A Real Estate Gift is a donation of real property either in full or with a retained life estate. There are immediate income tax and capital gains tax advantages. It can allow you to live in your home and still receive charitable deductions.
  • Charitable Remainder Trusts pay income to you or those you name before a charity receives the remainder. There are possible income and estate tax savings and no capital gains tax. 

Valley Medical Center can be named as a beneficiary in an individual’s estate plan and/or will. The hospital always encourages potential donors to seek the advice of an attorney, certified public accountant, or other professional you trust to help shape your planned gifts.  If requested, Valley can assist you with finding such a professional that meets your personal needs.    

If you have questions or need assistance, please email Carrie Murayama or call 425.690.5956.