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Gift Options

Bequest 
Give to the Witham Health Services Foundation without affecting your cash flow during your lifetime.

 

How it works 

  • You can provide now for a future gift to the Witham Health Services Foundation by including a bequest provision in your will or revocable trust.
  • The Witham Health Services Foundation will allocate your gift, or you may direct your gift to a specific need.

 

Benefits 

  • Your assets remain in your control.
  • A bequest is simple to establish.
  • You can modify you bequest at your discretion.
  • You can direct you bequest to a particular purpose.
  • There is no upper limit on the estate tax deductions that can be taken for charitable bequests.
  • You know that you gift will benefit Witham Health Services tomorrow just as you intend it today.

 

Charitable Gift Annuity - Immediate 
Receive a fixed payout and significant tax benefits.

 

How it works 

  • You make a gift of cash or securities to the Witham Health Services Foundation.
  • Witham Health Services Foundation pays you, or up to two individuals you name, quarterly payments for life.
  • The remainder will be used by the Witham Health Services Foundation to support programs and services, or for a specific need you have designated.

 

Benefits 

  • You qualify for an immediate income tax deduction for a portion of your gift. This is because you receive a portion of your money in return as an annuity payment.
  • A lifetime annuity is backed by the assets of the Witham Health Services Foundation.
  • If appreciated assets are given, the annuity payments are generally treated as part ordinary income, part capital gains income and part tax-free income.
  • You have the satisfaction of making a significant gift that benefits you and Witham Health Services.

 

Charitable Gift Annuity - Deferred 
Build retirement earnings by deferring the onset of annuity payments (recommended for younger donors).

 

How it works 

  • You make a gift of cash or marketable securities to the Witham Health Services Foundation.
  • Beginning at a designated date in the future, you or up to two individuals you name receive fixed payments for life.
  • The remainder will be used by the Witham Health Services Foundation for programs and services, or for a specific need you have designated.

 

Benefits 

  • Deferral of payments permits a higher annuity rate and qualifies you for a larger charitable deduction.
  • You can target you annuity payments to begin when you need them, such as retirement or when a grandchild needs help with tuition payments.
  • The longer you defer payments, the higher the effective rate you will receive.
  • You have the satisfaction of making a significant gift now that benefits both you and Witham Health Services later.

 

Charitable Remainder Unitrust 
Make a large gift and create a flexible source of retirement income.

 

How it works 

  • You transfer cash, securities or other appreciated property into a trust.
  • The trust pays a percentage of the value of its principal, which is re-valued annually, to you or to beneficiaries you name.
  • When the trust terminates, the remainder is used by the Witham Health Services Foundation for programs and services, or for a specific need you have designated.

 

Benefits 

  • You qualify for an immediate income tax deduction for a portion of your contribution to the unitrust.
  • You bypass capital gains tax on appreciated assets you contribute.
  • You or your designated beneficiaries receive income for life or a term of years.
  • You can make additional gifts to the trust as your circumstances allow and qualify for additional tax deductions.
  • You have the satisfaction of making a significant gift that benefits you and Witham Health Services.

 

Questions? Please contact: 
Witham Health Services Foundation 
2705 N. Lebanon Street, Suite 115 
Lebanon, IN  46052 
Phone: 765-485-8112 
Fax: 765-485-8139 
foundation@witham.org