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Planned Giving

Making a planned gift is a wonderful way to show your support and appreciation for St. Charles Hospital and its mission while accommodating your own personal, financial, estate-planning and philanthropic goals.  With smart planning, you may actually increase the size of your estate and/or reduce the tax burden on your heirs.  Just as important, you will know that you have made a meaningful contribution to ensure the future of St. Charles.

For further information, please email lisa.mulvey@chsli.org.

TYPES OF PLANNED GIVING

HOW IT WORKS

BENEFITS

Bequests

  • You include a bequest provision in your will or revocable trust
  • At your death St. Charles receives the bequest you specified
  • You may change your bequest or trust designation at any time
  • You control the funding property during your lifetime
  • Your bequest or trust designation will not be subject to any potential federal estate tax
  • You provide future support for St. Charles.

Gifts of Appreciated Securities

  • You can send unendorsed stock certificates by registered mail or instruct your broker to make the transfer from your account to our account
  • You receive an income-tax deduction
  • St. Charles may keep or sell the securities
  • You receive a federal income-tax deduction for the full fair-market value of the securities
  • You avoid long-term capital-gain tax on any appreciation in the value of the stock
  • Your gift will support St. Charles as you designate

Gifts from Retirement Plans

  • You name St. Charles Hospital as beneficiary for part or all of your retirement-plan benefits
  • Funds are transferred by plan administrator as you wish or upon death
  • No federal income tax is due on the funds that pass to St. Charles
  • No federal estate tax on the funds
  • You make a significant gift for the programs you support at St. Charles

Life Insurance

  • You assign all the rights in your insurance policy to St. Charles, designate us as irrevocable beneficiary, and then receive an income-tax deduction.
  • St. Charles may surrender the policy for its cash value or hold it and receive the proceeds at your death.
  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to St. Charles to pay these premiums
  • You can make a substantial gift on the installment plan
  • St. Charles receives a gift they can use now or hold for the future

Closely Held Business Stock

  • You make a gift of your closely held stock to St. Charles and get a qualified appraisal to determine its value
  • You receive a charitable income-tax deduction for the full fair-market value of the stock
  • St. Charles may keep the stock or offer to sell it back to your company
  • You receive an income-tax deduction for the fair-market value of stock
  • You pay no capital-gain tax on any appreciation
  • Your company may repurchase the stock, thereby keeping your ownership interest intact
  • St. Charles receives a significant gift