Planned Giving

If you would like to extend your support of Spencer Hospital to make a lasting impact, there are several gift arrangements from which to choose.

Whether you would like to put your donation to work today or benefit local healthcare services after your lifetime, you can find a charitable plan that lets you provide for your family and support local healthcare through Spencer Hospital.

Important Note: The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.

Gifts “Anyone Can Make”

You can support Spencer Hospital with gifts which don’t impact your current cash flow, lifestyle, or family security. Take advantage of one of the gift options below that cost nothing during your lifetime or from assets that are “out of sight, out of mind.”

Gift from Your Will

It takes just a simple designation in your will to benefit the hospital foundation and will not affect your cash flow during your lifetime. It’s easy to revoke if your situation changes. You can name the hospital as full or partial beneficiary.

Have you already listed us in your will? If so, please contact the foundation so you can be included on our Legacy Donor wall. Or, if you wish to remain anonymous, you will only be added to our list to receive important communication regarding local healthcare and Spencer Hospital news.

Stock & Appreciated Securities

Did you know giving stock can be more beneficial than giving cash? By giving appreciated stocks, bonds or mutual fund shares that you’ve held long-term (more than one year) you can claim a federal income tax charitable deduction for the full, appreciated value of the securities. In addition, you will pan no capital gains tax on the transaction!

To give gifts of stock please contact the foundation

Life Insurance

Just name the Spencer Regional Healthcare Foundation as your policy beneficiary in whole or as a percentage. You can make a revocable designation by simply using a Change of Beneficiary form from your insurer.

Do you own a policy on your own life and wish to donate the policy? Contact the foundation to learn more about the benefits of making an irrevocable gift of life insurance.

Retirement Plan

As a Beneficiary Designation Gift: Retirement funds paid to your children at your death can be subjected to heavy income and estate taxes, yet are tax-free when gifted to charity. Many donors leave cash, stock, or other property to charity and leave family or heirs the balance remaining in their retirement accounts. The unintended result is less money to heirs than they would have received if the donor had reversed this asset distribution.

As a One-time Distribution Gift: Your retirement fund can be taxed up to 70% if passed on to heirs, yet it’s tax-free to charity. Often between paying taxes and receiving a deduction, using a lifetime withdrawal to make a gift to charity is a “wash” for tax purposes.

To learn about a possible added incentive for rolling over your minimum required distribution to our fund held with the community foundation please contact the foundation.

Real Estate

Make an extraordinary gift, transfer the burden and expense of managing the property, and remove a large asset from your taxable estate at the same time.

To further explore the benefits to you of a gift of real estate please contact the foundation. (Hyperlink connects to About the Foundation page)

Gifts That Pay Income

Life-income gifts help donors living on fixed incomes, as well as those with substantial assets from which they want to continue to enjoy income, to make substantial gifts in support of local healthcare while increasing your income! YES, the IRS allows and encourages these creative plans that can increase your giving ability!

Charitable Gift Annuity

Immediate: You can make a gift and receive guaranteed fixed payments for life. Payments may be much higher than your return on low-earning securities or certificates of deposit (CDs).

Deferred: You can make a gift and receive guaranteed fixed payments for life. Deferred payments are higher than an immediate payment annuity as well as many securities and CDs. They are ideal to supplement other retirement income.

Flexible: Not sure when you’re going to retire? Set up a gift annuity with a flexible start date and receive guaranteed fixed payments for life. As retirement, health and family needs become clearer over time, you may choose the most appropriate starting date to suit personal circumstances.

Charitable Remainder Trust

This gift is a great way to make a gift, receive fixed payments, and defer or eliminate gains tax. Providing a steady cash flow a remainder trust can be more beneficial than keeping an asset or selling it outright. Upon term of the trust, the remainder of the assets will be used to benefit local healthcare!

Note: There are many other ways to set up a charitable trust. We recommend you work closely with your professional advisor to identify what type of trust is most beneficial to you. Please contact the foundation for assistance in facilitating this conversation.

Gifts That Protect Assets

Are you concerned about how to deal with highly appreciated property or a growing family business? Gifts that protect assets allow you to maintain the benefits of an asset or transfer assets to your heirs at a reduced cost, and make a gift to benefit local healthcare at the same time.

Retained Life Estate

You can deed your home, farm or vacation house, save taxes with a current deduction, and still use the property for the rest of your life.

Charitable Lead Trust

A Charitable Lead Trust reverses the income payment of common life income gifts. The Foundation take the “lead” because the trust will make payments to the Foundation first, then returns the remaining assets to the you, your family, or others you designate.

For more information on how you can set up a gift protecting your assets, please contact the foundation.