~ Planned Giving Provides A Legacy for Future Generations ~
Please remember HPNF in Your Will and Estate Planning
Gifts which provide a Legacy for Tomorrow are planned gifts made to the Hospice and Palliative Nurses Foundation which further the work and mission of the Foundation along with enabling you to leave a legacy for your loved ones. Planned gifts are a living reminder left by you that will continue to support the causes you have believed in for years to come. They are deeply personal and sensitive gifts and result from your careful consideration of a number of important factors including the purpose of the gift, the assets to be used to fund the gift, the gift's timing, its effect on income-tax and estate-tax planning, its effect on your family members and friends, and its effect on the donor recipient. The Hospice and Palliative Nurses Foundation always recommends that a planned gift be configured with the counsel of your legal, tax and/or financial advisor so that your generosity allows you to realize your philanthropic goals, achieve tax advantages and leave a growing legacy for generations to come.
The most common kind of legacy or planned gift is a bequest by will. You can also make planned gifts in the form of charitable trusts, charitable gift annuities, life insurance and retirement plans. Here are brief descriptions of some gift types to help you in your Legacy for Tomorrow gift planning. Again please be sure to confer with your legal, tax and/or financial advisor to assure that your planned gift is tailored to your personal wishes.
Bequest by Will: Naming the Hospice and Palliative Nurses Foundation in your will is a wonderful way to support this Foundation and your charitable interests. You may designate a specific amount or percentage of your estate to the Foundation as an unrestricted gift or restricted gift for a special purpose or endowment. Therefore, your bequest may be specific, contingent, or residuary. You may make a bequest to the Foundation in your will itself or by adding a codicil to your present will. Bequests may be of cash, securities, or other asset. Bequests of all amounts are deeply appreciated. Planned Giving Packet.
Examples of Bequest Language
When you decide to make a bequest to the Hospice and Palliative Nurses Foundation, the following language may be useful to share with your attorney:
Specific Bequest: “I give the Hospice and Palliative Nurses Foundation, Pittsburgh, PA 15276, the sum of $________ [to be used by that organization for its general purposes or you may specify the purpose].”
Contingent Bequest: “In the event that ____________________ predeceases me, I give the Hospice and Palliative Nurses Foundation, Pittsburgh, PA 15276, the sum of $____ (or, alternatively, ______ percent of the residue of my estate) [to be used by that organization for its general purposes or you may specify the purpose].”
Residuary Bequest: “I give the Hospice and Palliative Nurses Foundation, Pittsburgh, PA 15276, _____ percent of the residue of my estate [to be used by that organization for its general purposes or you may specify the purpose].”
Charitable Trusts: Such a gift may allow you or your designee/s to receive an income for the life of the trust with the remainder gifted to the Foundation, or can provide the Foundation with an income for a specified period with the remainder distributed to your heirs. Benefits of a charitable trust may include providing for your spouse and heirs while limiting tax liabilities such as capital gains, income tax and gift and estate taxes. Hospice and Palliative Nurses Foundation works with you and your chosen trustees to meet your personal wishes.
Charitable Gift Annuities: Charitable gift annuities are another very generous and effective form of planned giving. Derived from your major gift to the Hospice and Palliative Nurses Foundation, you may receive a fixed payment for your lifetime, or defer it until a given time in the future.
Life Insurance: Transferring a life insurance policy into a gift to the Hospice and Palliative Nurses Foundation can enable you to meet your philanthropic goals and realize income tax savings, estate tax advantages and extend your charitable reach with a low annual cost.
Retirement Plans: You may elect to name Hospice and Palliative Nurses Foundation as the beneficiary to the assets you’ve set aside for your retirement in an IRA or other qualified plan. Gifts of retirement assets can be the ideal way to meet philanthropic goals because they’re heavily taxed if left to heirs, but tax-free if designated for charity.
Thank you for remembering HPNF in
Your Will and Estate Planning