With a planned gift, you can help to ensure the long-term financial viability of The Denver Hospice for present and future generations. Your planned gift will help us to continue our mission to encircle those facing advanced illness with unprecedented levels of comfort, compassion and expertise.
Types of Planned Gifts
A bequest is the most common and direct way to include The Denver Hospice in your estate plans. By having a bequest provision in your will or trust you control the distribution of your estate and preserve as much of your estate as possible through the use of tax-saving opportunities.
Charitable Remainder Trust
A charitable remainder trust is an irrevocable trust that provides income for you and your designated beneficiaries. You receive a set percentage of income for your lifetime from the trust. There are income tax deductions when you create a CRT and if the gift is made with securities or real estate, you avoid capital gains tax on their appreciated value. When the trust ends, the remaining assets go to The Denver Hospice to support its programs and services.
Charitable Lead Trust
A charitable lead trust is a trust created for a set number of years. The difference from other charitable trusts is The Denver Hospice receives the annual income for the length of the trust. At the end of the trust period, the principal remaining in the trust goes to whomever you specified in the trust.
Charitable Gift Annuity
These plans are contractual agreements in which you agree to transfer certain assets to The Denver Hospice and The Denver Hospice agrees to make regular annuity payments to you or one other beneficiary for life. The minimum amount to set-up a Charitable Gift Annuity is $25,000.
Retained Life Estate
Donors can transfer title of their personal property to The Denver Hospice and retain the right to continue to occupy the premises for life. When the land owner dies or releases their life interest, The Denver Hospice receives full control over the property. In accordance with our Gift Acceptance Policy, The Denver Hospice can refuse to enter into a retained life estate agreement due to the location or condition of the property.
Life Insurance and Retirement Plans
The Denver Hospice can be named as a full or partial beneficiary of your life insurance policy or you can consider purchasing a second policy with The Denver Hospice named as the beneficiary. By donating these types of assets or accounts, you could avoid estate or other taxes on these assets. A gift of life insurance or a retirement plan can allow you to make a more substantial contribution to The Denver Hospice than would have otherwise been possible.
If you are 70.5 years of age or older, you may be interested to know that you can donate up to $100,000 to The Denver Hospice from your IRA. Please see your financial advisor for more information.
Planned gifts can provide you with certain tax advantages such as reducing capital gains taxes, estate taxes and certain income tax deductions. Please see your tax or financial advisor for more information.
This information provided by The Denver Hospice is not financial, tax or legal advice. You should consult your financial advisor before making your charitable giving decisions.
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