Many CRHS donors and supporters are concerned with ensuring the clinic's financial security for the future. Planned giving is the best way to provide long-term support to the clinic while achieving your financial and estate-planning goals. By using a planned giving strategy, you may be able to make a gift you never thought possible.
What is a planned gift?
Most commonly, offering a planned gift means putting a charity in your will. Planned giving can mean a variety of arrangements for a donor to make a gift of cash or capital assets to a charity in the future.
How will I benefit?
First and foremost, you will ensure that CRHS will continue to provide medical, dental, counseling and social services to thousands of the District of Columbia's most vulnerable residents. Secondly, depending on the gift, you can realize a variety of benefits to current income taxes, capital gains taxes and estate taxes. In addition, certain gifts can help provide continued income to spouses or family members from your estate.
How can I give a planned gift?
The most common type of gift is a bequest, where a donor leaves a gift for a charity in his or her will. Gifts can include:
- Cash
- Appreciated securities
- Life insurance
- Artwork
- Real estate
- Retained assets
- IRAs
A donor can also give these same types of gifts through a living trust. A living trust is a legal arrangement to have a trust hold and disperse assets while one is still living. Typically, the grantor controls the trust as a "trustee."
Donors can also set up a life income gift, which is an arrangement where an individual gives cash or assets to a charity, then receives payments from the charity. There are a variety of options for life income gifts, including Charitable Gift Annuities, Charitable Remainder Trusts and Pooled Income Funds.
How you choose your planned gift depends on your individual circumstances, concerns and means.
How can I find out more?
Contact the CRHS Development Staff at development@crhs.org or at 202 328 3717 ext. 258. You may also want to contact your financial planner and/or attorney.
