Planned giving allows you to support Hospice Huntsville and its mission to guide the provision of consistent, comprehensive and compassionate end of life care that is readily accessible to individuals, families and caregivers in the setting of their choice throughout our community
Securities
When you donate publicly traded securities to a charity, you pay no capital gains on the accrued gains. You also receive a tax receipt for the full value of the security.
TYPES
The follow eligible securities can be donated:
* Stocks & Bonds * Mutual Funds
* Futures * Warrants
* Employee Stock Option Shares
Life Insurance
Benefits: Life insurance can provide a sizable source of income to Hospice Huntsville at a relatively moderate cost to you. Life insurance can also bring significant tax breaks on the dispersal of your estate and does not have to reduce the size of your estate.
Bequests
BENEFIT
For any gift designated in your will, your estate receives a donation receipt that can offset tax otherwise payable by your estate.
TYPES
• Specific Bequests are the most common gifts. You choose a specific sum of money, a particular property, or a percentage of your estate to go to HOSPICE HUNTSVILLE
• Residual Bequests allow you to direct the balance of your estate, or a portion of the balance to be given to HOSPICE HUNTSVILLE after providing for other beneficiaries.
• Contingent Bequests allows you to direct HOSPICE HUNTSVILLE to receive all or a portion of your estate in the event of the prior death of other specific beneficiaries.
• Residual Bequests Subject to Life Interest allow you to direct that HOSPICE HUNTSVILLE is the ultimate recipient of the estate after specific beneficiaries have had the use of the income from the estate during their lifetimes
Annuities and Charitable Remainder Trust
BENEFITS
Annuities provide donors who are at least 60 years old with a guaranteed income for life, in exchange for an initial gift to HOSPICE HUNTSVILLE. The income earned by the annuity in your lifetime and the balance of the funds in the annuity upon the dispersal of your estate are received by HOSPICE HUNTSVILLE.
TYPES
• A Charitable Gift Plus Annuity requires a minimum gift of $10,000. Approximately 30% goes to HOSPICE HUNTSVILLE, with the remainder being used to purchase an annuity for you from an insurance provider. A significant part of the annuity cash flow is a tax-free return of capital. The donor also gets an immediate tax credit for the approximately 30% portion of the original deposit that goes to HOSPICE HUNTSVILLE.
• With a Charitable Remainder Trust, you give a lump sum of principle from which you receive a net income. You receive a donation receipt for the residual interest in the property transferred to the trust.
