Planned Giving is thoughtfully selecting a way to make a charitable gift to Little Company of Mary Hospital or San Pedro Peninsula Hospital from a menu of gift-giving opportunities. Planned giving also allows you to continue to enjoy personal and family financial benefits as well. These benefits include receiving income for life, bypassing capital gains taxes, increasing income and decreasing estate, gift and income taxes while preserving wealth for loved ones.

The Foundations of Little Company of Mary Hospital and San Pedro Peninsula Hospital offer a service to assist donors and their professional counsel with the design, implementation and management of charitable arrangements.

In addition, the foundation can provide the following services:

• Act as trustee of charitable trusts without a fee
• Provide professional management of trust assets with exceptional results
• Provide assistance with charitable trust documents through the finest legal counsel
• Provide assistance with real estate transactions

Ways to Make a Planned Gift

Bequest Through Will or Living Trust

A bequest is one of the simplest ways to give of your estate as well as reduce estate taxes. It can be in the form of a dollar amount, specific property, a percentage of your estate, or what is left (remainder) after you have provided for your heirs.

Charitable Gift Annuity

In exchange for a gift of cash or securities, the foundation will pay you a guaranteed, fixed income for life. The rate of return is based on your age and you receive a substantial income tax deduction in the year of the gift. Part of the income payment is tax-free!

Deferred Gift Annuity

A deferred gift annuity is similar to the charitable gift annuity, except that payments begin at a future date determined by you (retirement, for example). Your tax deduction and annual rate of return increase the longer you wait to start payments. This is an excellent retirement planning vehicle.

Charitable Remainder Trusts

Charitable remainder trusts are ideal for highly appreciated assets, such as real estate. These trusts distribute either a fixed dollar amount of income (charitable remainder annuity trust) or a variable amount (charitable remainder unitrust) either for a set term of years or the lifetimes of the beneficiaries. Capital gains taxes are bypassed, income is increased and you will receive a charitable tax deduction in the current year.

Charitable Lead Trust

In a charitable lead trust, assets are transferred to a trust, which pays income from the fund to the foundation for a number of years that you determine. At the end of the period, the trust terminates and the assets are given back to the persons you name. The income tax deduction is for the payments made annually to the foundation.

Life Insurance

A simple way to make a significant future gift is to name the foundation beneficiary to receive all, or a portion of, the proceeds of an existing life insurance policy. You will receive a tax deduction for the cash surrender value, thus reducing your tax liability in the year of the gift.

Retirement Accounts

Retirement account funds such as IRAs or company plans may be left to the foundation, through the beneficiary designation form. These funds pass free of income and estate taxes only to a spouse or charity.

Retained Life Estate

It is also possible to make a gift of your home or vacation home. You and your spouse can continue to use it for your lifetimes, and you receive a substantial income tax deduction in the year of your gift.

For more information about how planned giving can work for you, please contact the hospitals' Director of Planned Giving.

Legal and Financial Professionals: We also offer Gift Law, an educational service for professional advisors. Updated weekly, it includes the latest tax and reference data for gift planning.

Circle of Caring

The Circle of Caring recognizes individuals who have provided in their estate plans for a future gift to Little Company of Mary Hospital. These estate gifts provide a legacy, often reflecting a lifetime of support, and are critical to the long term future of Little Company of Mary Hospital.