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Goals & Gifts
How will you build the best gift? Whether you want to eliminate taxes or benefit from an increased income stream, there is a gift to fit every objective. No matter how or what you give, rest assured that you will be helping out a cause close to your heart. The following chart details a gift vehicle for every goal. After determining the gift that is right for you, meet with your financial advisor or our organization to begin implementing your wishes.
Your Goal |
Your Gift |
How to Make the Gift |
Your Benefits |
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Make a quick and easy gift |
Donate cash, securities or personal property |
Income tax deduction; avoidance of any capital gains tax |
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The following planned gifts would qualify you as a member of the Wilson Society |
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Make a revocable gift during your lifetime |
Name us beneficiary of assets in a living trust |
Control of trust for lifetime; possible estate tax savings |
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Defer a gift until after your lifetime |
Name us in your will |
A donation exempt from federal estate taxes |
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Make a large gift with little cost to yourself |
Give a policy with us as owner and beneficiary |
Current income tax deduction; possible future deductions |
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Avoid the twofold taxation on retirement plan assets |
Name us as beneficiary of the remainder of the assets after your lifetime |
Avoidance of heavily taxed gift to heirs, allowing less costly gifts |
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Avoid capital gains tax on the sale of a home or other real estate |
Donate the property to us, or sell it to us at a bargain price |
Immediate income tax deduction and avoidance of capital gains tax |
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Give your personal residence or farm, but continue to live there |
Designate the ownership of your home to us, but retain occupancy |
Charitable income tax deduction and lifetime use of home |
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Secure a fixed and often increased income |
Create a charitable trust that pays you a set income annually |
Immediate income tax deduction and fixed income for life |
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Create a hedge against inflation over the long term |
Create a trust that pays a percentage of the trust's assets, valued annually |
Immediate income tax deduction, annual income for life that has potential to increase |
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Supplement income with fixed annual payments |
Enter a contract with us, in which we'll pay you fixed payments annually |
Current and future savings on income taxes; fixed payments for life |
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Reduce gift and estate taxes on assets passing to heirs |
Create a trust that pays a fixed or variable income to us for a set term, and then passes to heirs |
Reduced size of taxable estate; keeps property in family, often with reduced gift taxes |
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For more information please contact Bonnie Faulkner, Executive Director Wilson Memorial Hospital Foundation at bfaulkner@wilsonhospital.com or (937) 498-5575.
This information is not intended as financial or legal advice. For financial or legal advice, please consult your financial advisor or attorney.
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