Your life. Your health. Your family. Your community. Your legacy.
Making a Planned Gift
Let us help you realize your goals for building and supporting a healthy community and leave a lasting legacy in the place you called home.
We invite you to support the mission of the Poudre Valley Hospital Foundation with a planned gift. Your contribution will not only help make our community a healthier place, it can have other benefits for you and your family long into the future. Contact us or our planned giving committee volunteers to chat about your options.
What is a planned gift?
A planned gift is a voluntary gift of any kind, in any amount, either current or deferred, given to a charitable organization. The planning of the gift requires the assistance of a tax advisor, an attorney, a qualified volunteer and/or a professional staff person of the charitable organization.
Why consider a planned gift?
Your planned gift accomplishes two very important things. First, it ensures that your assets are directed at supporting something meaningful to you. And second, it leverages tax law to optimize tax savings and make the most of your hard-earned assets.
A planned gift can help you and your family:
• Fulfill philanthropic goals
• Minimize income tax obligations
• Avoid or defer capital gains taxes
• Receive monetary payments for life
• Increase spendable income
• Reduce estate taxes and settlement costs
Types of Planned Gifts
There are a number of financial vehicles through which you can make a planned gift. Poudre Valley Hospital Foundation's development officers and planned giving committee volunteers can help explain them to you further. Or talk to your tax advisor or attorney about the planned giving options that best meet your needs.
Naming Poudre Valley Hospital Foundation as a beneficiary in your will or living trust is one of the easiest ways to make a meaningful gift to support health care in the Fort Collins area. The full amount of your estate gift is deductible from the taxable estate. In addition, life-income gifts for the benefit of heirs can also be established through a will or living trust.
In your will, you may specify that a certain cash amount be set aside as a gift to the Poudre Valley Hospital Foundation, or you may designate a percentage of your estate or a residual of the state. If your will is already written, your advisor can add a simple amendment that specifies a gift to the Foundation.
Life Insurance and Retirement Plans
Life insurance is an excellent way to provide for the future of the Poudre Valley Hospital Foundation. By naming the Foundation as a beneficiary of your policy, you receive a charitable tax deduction and can often make a significant gift for a relatively modest outlay of funds.
Your retirement plan is also a good choice for funding a charitable gift. Due to estate and income taxes, your heirs may receive only a fraction of the value of your retirement assets. Much of this tax can be avoided if these assets are given as a gift to the Poudre Valley Hospital Foundation.
Charitable Remainder Trusts
Charitable remainder trusts are popular gift vehicles because they are flexible. The trust makes payments to one or more beneficiaries for life or for certain number of years. When the last income beneficiary dies or the term of years expires, the assets remaining in the trust are distributed to Poudre Valley Hospital Foundation.
Charitable Lead Trusts
A charitable lead trust is a close cousin to a charitable remainder trust, only in this case the payments are made to the Poudre Valley Hospital Foundation. At the time of your death or when the term of years expires, the remaining assets are distributed to the beneficiaries you name.
Retained Life Estate
For some people, a significant portion of their net worth consists of a home, vacation property or farm. With a retained life estate, you make a gift to Poudre Valley Hospital Foundation while retaining the right to live in or use the property for the rest of your life. Although you do not receive income from this type of gift, you are entitled to a charitable tax deduction and may avoid estate tax on the property. Upon your death, the Foundation sells the property and the proceeds are used according to your wishes.
You may use a variety of assets to make a planned gift, including:
• Real estate
• Retirement plan assets
• Life insurance
• Savings bonds
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