Deferred charitable gifts, also known as planned gifts or legacy gifts, offer the greatest opportunity for both the Hospital and the donor. These gift arrangements are a way to reflect your values, leaving a legacy of giving, as well as offering the opportunity to make a significant impact on patient care. In addition, they often have considerable tax advantages for the donor and/or family members.
Planned gifts include:
Wills Your will, a bequest through you will or a trust enable you to leave a legacy for our Hospital that reflects your values and serves our mission.
Trusts This planned gift is designed to benefit you now through life income or tax savings, and provide funding in the future for the Hospital's work; including charitable remainder unitrust, annuity trust or lead trust.
Life Insurance Life Insurance donors may designate the Hospital as a beneficiary or an owner of the policy and offers a special way of gifting. The donor can take a deduction approximately equal to the policy's cash value at the time the gift is made. Annual premiums are also tax-deductible each year.
Endowments Whether a named endowment honoring your family or loved one, or a pooled endowment, this is a gift that supports the Hospital in perpetuity with the yearly earnings.
Appreciated Securities These include stocks and bonds, which have several tax advantages and make excellent gifts for the Hospital and you.
Retirement Plan Assets Retirement plan assets left to your heirs may shrink as much as 70 percent through taxation. Not only does your estate pay tax on the plan's assets, but your heirs also pay income tax on your gift. By naming the Foundation as the beneficiary of your account, in part or in full, and leaving other assets to your heirs, you give more to your heirs, more to charity and less to taxation. Note: You must list HSHS St. Joseph's Foundation as the beneficiary on your retirement plan. Do not designate the gift through your will or the assets may be taxed with your estate.
Other options include retirement plans, IRA's and Life Income Arrangements. A specific plan can be tailored to meet your personal and financial goals.
Note: The following language can be included in one's will, trust, or codicil:
I give _______ percent and/or $__________________ of my estate to the Foundation
of HSHS St. Joseph's Hospital, a division of the Hospital Sisters of St. Francis Foundation; 2661 County Highway I, Chippewa Falls, WI 54729, to provide funding for the program(s) in need determined by the Administration and Board of Directions of
the HSHS St. Joseph's Foundation.
HSHS St. Joseph's Foundation is a tax-exempt 501(c)(3)organization under the Internal Revenue Service code. Please make gifts payable to HSHS St. Joseph's Foundation.
DESIGNATE YOUR GIFT TO A PARTICULAR FUND
If you wish to make your gift designated to a particular fund or use, please consult with the Foundation Staff in advance. When making a planned gift to the HSHS St. Joseph's Foundation, please consult with your attorney or other appropriate advisors, as well as the Foundation staff.
If you do not have a financial consultant, we can put you in touch with someone who would be happy to answer your estate questions.