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| Annual Report 2003 Years of Experience Ways of Giving — Great for You and Great for Grand View! Gift annuities are a great way to get out from under poorly performing stocks or low-yielding Certificates of Deposit and transform your assets into a high rate of cash flow that is not dependent on the stock market. Annuity rates are set according to age. A 65-year-old donor would receive a 6.0 percent annuity, and an 80-year-old would receive 8.0 percent. You are entitled to an immediate charitable gift deduction on your income taxes, and part of your income will be tax-free, so your effective rate of return is even higher. A gift annuity is irrevocable, but in return, you are guaranteed fixed payments for your lifetime and that of another beneficiary if you choose. Many donors can dramatically increase their retirement income while providing for the future healthcare needs of patients served by Grand View. Call the Foundation office at (215) 453-GIFT for your personal rate and illustration. Other ways of giving to benefit Grand View Hospital include: Charitable Remainder Trusts Creating a trust can offer many of the benefits described above, especially when funded with appreciated securities or real estate. You can create a life income for the donor and a beneficiary, avoid capital gains taxes, and increase the yield over its current level. When the trust is created, it generates an immediate tax deduction. This strategy can work especially well for real estate that has greatly appreciated. After a fixed period of time or the lifetimes of the beneficiaries, the remainder of the trust’s assets would be a gift to Grand View. Making a Bequest The most familiar and one of the simplest ways to make a planned gift, and reduce your estate taxes, is through a charitable bequest in your will to the Grand View Health Foundation. You can make a bequest by specifying a dollar amount or by donating a percentage of your estate. Our Federal tax identification number is 23-2622621. Honor and Memorial Tributes Gifts made to honor or memorialize a loved one are gratefully accepted and acknowledged to the individual or family. The amount of your gift is confidential. Such tributes may be directed to any area of patient care or community programs offered by the Hospital, and are a heartfelt way to express your love and appreciation. Gifts of Cash You may contribute by writing a check that will be put to work immediately helping those who Grand View serves. You may even use your credit card to make an immediate gift. When you itemize your taxes your gifts are fully deductible. You may also make a gift to cover the medical expenses of another person without incurring gift taxes. Gifts of Appreciated Securities You may have holdings in your portfolio that have greatly appreciated since you purchased them. When you give a gift of stock to the Grand View Health Foundation you don’t pay the capital gains tax, and neither do we. When you itemize deductions you are also entitled to receive a charitable deduction for the fair market value of the stock at the time that you give it. Other Creative Approaches You could name Grand View as the beneficiary of a life insurance policy, or give a paid-up life insurance policy that is no longer needed to provide for your family or your business. Individual Retirement Accounts left in your estate for your heirs could be taxed by as much as 70 percent! Real estate given in trust can help lower huge estate capital gains taxes. How to Proceed For more information on the strategies described here, please write or call: |
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