Ways To Give

Cash

Cash is the simplest, most direct, and most popular type of charitable gift. A gift of cash is considered made on the date it is hand-delivered or mailed and, because of the charitable deduction, your net cost can be much less than the actual amount of the gift.

Beneficiary Designations

You may add Hospice of Huntington, Inc. as a revocable beneficiary of your qualified IRA, pension plan, bank account or insurance policy.

Securities and Real Estate

Gifts of appreciated property, such as securities and real estate, are popular alternatives to cash. Such a gift generates a double tax benefit. In addition to receiving a charitable income-tax deduction for the full fair-market value of the property, you escape any potential tax on the capital-gain element in the property.

Wills or Living Trusts

Each year, thousands of individuals designate a portion of their assets via a bequest in their wills or direction in their living trusts to benefit philanthropy. Such gifts have become an important part of the philanthropic tradition because they enable individuals to make significant gifts that they may not have been able to make during life.

Life Insurance

While most people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection, its role in charitable giving is frequently overlooked. Donors may use life insurance as the direct funding medium of a gift, permitting them to make a substantial gift for a relatively modest annual outlay. A donor may use insurance to replace the value of an asset they give to Hospice of Huntington.

Gift Annuities

The charitable gift annuity is among the oldest, simplest, and most popular of the charitable life-income plans. In exchange for a transfer of cash, marketable securities or, in some circumstances, real estate, the charity contractually guarantees to make specified annuity payments to the donor and/or another beneficiary for life. The payout rate depends on the age and number of beneficiaries.

Charitable Remainder Trusts

Introduced by the Tax Reform Act of 1969, the charitable remainder trust has grown substantially in popularity over the years because of the significant financial and estate planning flexibility it offers. This trust is similar to other types of trusts, except that a charitable beneficiary receives the remainder interest (i.e., what’s left in the trust after it terminates).

How it works: You transfer property under a trust agreement that specifies how and when trust income and principal are to be distributed. You may create the trust to become effective during life (intervivos) or at death (testamentary).

Charitable Lead Trusts

Charitable lead trusts may appeal to individuals who wish to make a gift but retain the property in their family. There are two types of charitable lead trusts:

Contact Information

For more information on planned giving options, please contact:
Karen Dickson, Director of Planned Giving & Major Gifts
Phone: 304-633-2169
Email: .(JavaScript must be enabled to view this email address)
Address: P.O. Box 464 Huntington, WV 25709