Through planned giving, donors establish their personal financial goals in a well-conceived estate plan that includes a gift to a charitable institution like Sharp HealthCare. Planned giving offers personal income and tax benefits while making a difference for patients in San Diego.
Because financial situations vary from person to person, no single approach to planned giving is applicable across the board. Estate plans can be tailored to fit a wide variety of purposes and financial profiles. Generally speaking, a planned gift can:
- Create an estate that provides current and future financial security
- Maximize the amount of assets that will pass to heirs and beneficiaries
- Protect as much income from federal taxes as is allowed by law
- Provide continued, meaningful support for the charities that have been important throughout a person's lifetime
Common planned giving arrangements include:
Charitable trusts are an ideal way to convert highly appreciated assets into a lifetime income without capital gains or estate taxes.
Gift annuities offer the security of knowing what your monthly income will be for the rest of your life.
A gift of life insurance is an often overlooked, yet beneficial, method of making a meaningful contribution to Sharp HealthCare.
Pooled Income Funds
Pooled income funds are especially appropriate for individuals who have need for income but do not have substantial capital; and also for those individuals with substantial assets who cannot afford a reduction of income without those assets.
Wills and Trusts
You can ensure leaving a meaningful legacy in perpetuity for your family and community by developing or updating your will or trust to reflect your wishes.
Gifts to Sharp can be made in one of two ways. Unrestricted contributions are applied where the need is greatest. Restricted contributions are made to a specific program or service, such as to purchase new equipment, fund a community outreach program or support a clinical research project. If you are leaning toward a particular use for your gift but are unsure about the specifics, we can help you identify potential opportunities that will make the greatest impact.
We are happy to work with you to find the planned giving option that best suits your personal goals and supports the areas of health care at Sharp that touch you most deeply.
To learn more about planned giving opportunities, please contact Norm Timmins at 619-740-4315.
Planned giving requires careful discussions with a financial planner, accountant, attorney or other qualified professional. Never try to create a planned giving strategy without professional advice; hard-earned dollars could needlessly be sacrificed to income and estate taxes in trying to save a few dollars up front.