It's personal - Community Memorial Health System

PlannedGivingMeeting Personal, Financial andEstate Planning Goals Through aCharitable Gift to CMHSIn some ways, all giving is planned giving. Every gift given to CommunityMemorial Health System involves reflection by a generous individual aboutjust how much to give, to which project or program within our healthcareorganization to give, in what way and when to give. The term plannedgiving, however, usually involves some kind of deferred component; itgenerally is a present decision about a future gift.Why Give a Planned GiftIn life, almost all of us need some kind of healthcare intervention—and wewant the very best medical care possible. We want access to excellent andcompassionate care right here, close to home. And that is what CommunityMemorial Health System is able to provide.By making a planned gift, you can continue to support this vital communityasset that makes a critical difference in the lives of individuals and the entirecommunity. What better way to thank the people or organizations thathave had an impact on your life, than to make a contribution through a giftthat may have tax benefits for you as well?Types of Planned GiftsThe planned gifts listed below are just a few examples of the many plannedor deferred gifts you may want to consider. When contemplating a specialgift to CMHS, you may want to notify the Development Office (805/652-5635) of your intentions. They may be able to provide you with valuableinformation and recognition opportunities. It is expected that each donorwill consult with his or her financial advisor before finalizing a major gift.BequestsBequests are some of the easiest gifts to make. Outright bequests, as well ascertain bequests in trust, are not subject to estate taxes. A bequest can oftenbe arranged simply with the addition of a codicil amending an existing will.Bequests can take any of the following forms:• Bequest of a dollar amount of particular securities or other property• Residual bequest of all or a portion of an estate after payment of specificamounts to other beneficiaries• Contingent bequest to take effect if other beneficiaries pass away beforethe donorCharitable Gift Annuity• Provides a fixed income for the lifetime(s) of one or two annuitants• Amount paid determined by the American Council on Gift Annuities;the older the annuitant, the higher the level of income• A portion of the gift and income are tax deductibleDeferred Gift Annuity• Offers increased income and tax benefits• All basic features and benefits of a gift annuity• Income delayed until a future date chosen by donor• Rate of return and tax deduction dependent on length of income delayLife Insurance• Makes CMHS sole owner and beneficiary of paid-up policy• Receive income tax deduction for the cash surrender value of policy• If policy is not fully paid, continue to pay premiums• Receive tax deduction for annual premium amounts2011 IRACharitable Rollover:A Benefit to You and CMHSA tax bill signed last December restored the IRA Charitable Rollover for2011. Through this provision, individuals aged 70½ and older can donateup to $100,000 of the required distribution from their Individual RetirementAccounts to charitable institutions, without having to count the distributionas taxable income.Rolling over part or all of your required IRA distribution to CommunityMemorial Health System is an easy, benefi cial and effective way to make agenerous gift to support excellence in healthcare for our community. Askyour tax advisor for a special form to transfer your required IRA distributiondirectly to your community hospital – and enjoy the tax benefi ts while youleave a legacy that will benefi t all of us and generations to come.22 CARING | COMMUNITY MEMORIAL HEALTH SYSTEM