In addition to helping Hospice of Queen Anne’s, a planned gift of appreciated securities can create exciting opportunities for you, such as creating a lifelong income stream that exceeds what you otherwise would have received in dividends.

Retirement Assets – assets held in qualified retirement plans and individual retirement accounts (IRAs) can be flexible and useful assets in a larger philanthropic strategy Changes in federal regulation have made it possible to name Hospice of Queen Anne’s as a beneficiary of a retirement plan, as part of your family’s overall financial plan.

Gifts of qualified retirement accounts and IRAs to Hospice of Queen Anne’s can help avoid the high estate tax and income tax on the Retirement account while giving 100% of the account’s assets to support Hospice’s mission.

Charitable Remainder Annuity Trust – a charitable remainder annuity trust allows you to provide funds for you and your loved ones while also making a generous gift to Hospice of Queen Anne’s. It allows you to transfer assets into a separately managed trust that will provide you and/or your beneficiaries with payments for life or for a specific terms of years.

An annuity trust provides a fixed income based on a percentage of the initial fair market value of the property on the date of the gift, to a maximum of two beneficiaries age 55 or older. The annuity trust can be funded with cash or securities.

The donor receives and income tax deduction in the year of the gift, which can be carried forward for five more years. Payments to the beneficiaries, which may begin immediately, are usually made quarterly.

Gift funds remaining after the death of the last annuitant will be used by Hospice of Queen Anne’s in its Endowment Fund.

Deferred Gift Annuities – a deferred gift annuity, like a charitable gift annuity, provides a fixed income in exchange for a gift to Hospice of Queen Anne’s. However, with a deferred gift annuity, payments begin at a specified future date. This can be attractive to younger donors, who may wish to supplement future income.

Donors of deferred gift annuities will receive an income tax deduction for the year in which the gift is made. When payments begin, a portion of each payment will be tax-free. Deferred gift annuities can be established with either cash or securities.

Bequests – a simple form of planned giving is a bequest naming Hospice of Queen Anne’s Inc., in your will. Cash, life insurance, a specific property, or a percentage of the estate, are all designations used for bequests. The estate receives the benefit of a tax savings as a result of your charitable gift; your legacy will provide quality hospice care for people in your community.

We recommend that you obtain professional counsel of an attorney who specializes in estate planning to assist you in designing your will in a way that will benefit the people and organizations you care most about.

To lean more or speak to a hospice representative, contact the hospice office at 443-262-4100.