Gift Planning

A revocable gift, a bequest can be changed or modified at any time, allowing you to create a meaningful plan without affecting your cash flow during your lifetime.

You can create a bequest of any dollar amount, gift specific property or designate a percentage of your estate in your will or trust.

Through a bequest, you can leave a lasting legacy and provide valuable tax savings for you and your family. In order to make a bequest, ask your attorney to help you include a bequest in your will or other estate planning documents.

Download our basic language to assist you and your attorney in creating your bequest.

Charitable Remainder Trust and Unitrust are estate planning options that provide income, with the remainder of the donated assets to benefit Baptist Health Foundation. Your attorney can help you determine which type of trust option is best for you and your family.

Charitable Remainder Trust
A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities. A CRT is a “split interest” giving vehicle that allows you to make contributions to the trust and be eligible for a partial tax deduction, based on the CRT’s assets that will pass to charitable beneficiaries.

Charitable Remainder Unitrust
A charitable remainder unitrust (CRUT) is an estate planning tool that provides income to a named beneficiary during the grantor’s life and then the remainder of the trust to a charitable cause. The donor or members of the donor’s family are usually the initial beneficiaries. The trust provides variable income to the beneficiary, which is based on a percentage of the fair market value of the assets in the trust.

A charitable gift annuity is a permanent contract agreement between a donor and a charity with the following terms: As a donor, you make a sizable gift to charity using cash, securities or possibly other assets. In return, you become eligible to take a partial tax deduction for your donation, plus you receive a fixed stream of income from the charity for the rest of your life.

If you are 70½ or older, you can lower your income and taxes from your IRA withdrawals by giving a portion to the Foundation.

Benefits of an IRA Charitable Rollover

• Avoid taxes on transfers of up to $100,000 from your IRA to our organization
• May satisfy your required minimum distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further the work and mission of our organization.

Contact your IRA plan administrator to make a gift from your IRA to Baptist Health Foundation.  Your IRA funds will be directly transferred to us to help continue our important work.

If you have a life insurance policy and your needs have changed, you can use the policy to make a gift to Baptist Health Foundation to help further the reach of our healing ministry.

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Baptist Health Foundation as the beneficiary of your policy.

Giving stock and other appreciated securities directly to Baptist Health Foundation offers an appealing mix of tax benefits and direct support for Baptist Health. Appreciated securities are those that are worth more today than when you acquired them. Give to the Foundation through stocks or bonds by filling out the Securities Electronic Transfer Authorization Form.

Advantages of giving through stocks/bonds

• Receive an immediate income tax deduction on the fair market value of your stock gift
• Avoid capital gains tax