Legacy Giving Ensures the Hospital’s Future
Plan a Future Gift
Through a legacy gift, your passion to improve your community will be long-lasting. You can support CHI Lisbon Health Foundation and Hospital while also creating your personal legacy and achieving personal financial goals. A gift of “startling significance” often can be made at very low cost. It’s just a matter of planning WHAT to give, HOW to give, and WHEN to give. There are several options.
Include CHI Lisbon Health Foundation in your will or living trust or by naming CHI Lisbon Health Foundation as a beneficiary of a retirement plan or life insurance policy and designate how you’d like your donation to be used. Including a bequest to the CHI Lisbon Health Foundation in your will is not only simple, but deeply impactful. Your inclusion of the Foundation in your will can positively affect healthcare far beyond your lifetime – allowing generations of your loved ones access to local quality healthcare to live healthy, long lives.
What is a Planned Gift?
Planned Giving, also referred to as gift planning or legacy giving, enables philanthropic individuals to make larger gifts to charitable organizations than they could make from ordinary income.
Planned gifts are not the result of great wealth but rather of a great desire to make a lasting impact. After carefully considering the goals of your contribution, the assets to be used, the gift’s timing and tax implications, and its impact on your family and financial situation, you may find that you are able to make a larger impact with a planned gift than you imagined.
Some planned gifts provide life-long income to the donor. Other gift plans use estate and tax planning to provide for charity and heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate. Thus, by definition, a planned gift is any major gift, made in lifetime or at death as part of a donor’s overall financial and/or estate planning. These include gifts of equity, life insurance, real estate, personal property, or cash.
Our planned giving program was established to allow donors to make larger gifts than otherwise possible without undue financial sacrifice. These types of contributions allow you to enjoy the financial benefits and recognition of such a gift, along with the knowledge that your support has made a difference.
The Foundation encourages anyone wishing to make a planned gift to seek the counsel of a legal or tax advisor to discuss your ideas. Donors who are considering making a planned gift are also encouraged to contact the Foundation early in the process with their intent to help ensure we are prepared to accept the gift and that your wishes can be honored
Bequests
One way for you to support CHI Lisbon Health is to leave a bequest. A bequest is a gift made to the Foundation in your will or trust. You can make a single bequest to CHI Lisbon Health Foundation and we will then distribute your gift based on the instructions you provide. Bequests can be used to support lines of service, endow a program, or be designated to be used at the Foundation’s discretion.
Let CHI Lisbon Health Foundation help you craft your gift to match your passion. If you wish to be anonymous, your gift may be made confidentially. However, with your permission, CHI Lisbon Health Foundation would appreciate recognizing your gift so it may inspire others to follow in your footsteps. Your gift will support, inspire, and transform the patients, families, community, and team members at CHI Lisbon Health for generations to come.
Examples of specific language that may be incorporated into your bequest planning documents can be found here.
If CHI Lisbon Health Foundation is a designated charity in your will, trust, or other estate planning document, please consider forwarding a copy of the document or relevant pages to the Foundation’s Director. If you are in the process of drafting your estate documents, it may be wise to discuss your bequest with the Foundation. This will allow CHI Lisbon Health Foundation and Hospital the opportunity to confirm we are able to fulfill your requests and help ensure your wishes are carried out to the fullest extent.
To discuss the possibility of a planned gift or specific language for your gift documents, please contact CHI Lisbon Health Foundation Director at 701-845-6557. CHI Lisbon Health Foundation does not provide legal advice, please consult with your attorney or CPA for specific legal or financial information. Inquiries are confidential and involve no obligation.