Planned Giving

Smiling CoupleA planned gift can be best described as any gift of cash, stock or personal property that requires the services of a professional such as an attorney, estate planner, CPA, financial planner or insurance broker. A planned gift can be an important part of an estate plan, providing an excellent method of reducing taxes. The planned giving program at Woodland Healthcare Foundation was established to allow donors to make larger gifts than otherwise possible without undue financial sacrifice. These types of gifts allow you to enjoy the financial benefits of such a gift, along with gift recognition and the knowledge that your gift has made a difference. The Foundation staff will assist donors wishing to make a planned gift; however, we urge anyone considering this type of gift to seek the counsel of their own legal advisor.

Deferred Giving

If you wish to make a significant gift, but are concerned about losing income from assets you would give, you may want to consider a deferred gift. Deferred Gifts may be made in trust to Woodland Healthcare Foundation while the donated asset is retained by the donor or other beneficiary for life. Deferred gifts can be an important part of an estate plan.

Wills, Bequests and Trusts

Wills and Bequests Including a charitable bequest (cash, securities, real estate or other assets) in your will is a simple way to make a lasting gift to your community and becomes your personal legacy of giving. Most estates have three categories of beneficiaries: heirs, charitable organizations and the government. We encourage you to maximize your gifts to the first two and limit the third. This can be accomplished through careful estate planning.

Benefits of making a Bequest

  • A bequest is generally a revocable gift that can be changed or modified at any time
  • You leave a lasting legacy for you and your family, and an enduring impact on Woodland Healthcare Foundation
  • You lessen the burden of taxes on your family as bequests are exempt from federal estate taxes

How it Works

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Charitable Gift Annuities

You can work directly with the Woodland Healthcare Foundation to establish a charitable gift annuity, a popular way of giving that combines the benefit of an investment and a gift, and provides life income to the donor (and another recipient if desired - the annuitants).

Charitable Remainder Trusts

You can plan for the future for you and your community. A charitable remainder trust allows you to invest significant assets and receive income for the rest of your life, knowing that whatever remains will benefit your community. It is possible to establish a Charitable Remainder Trust by means of a will and provide income to the beneficiary of your choice. Making a bequest is as simple as adding a codicil (amendment) to your will; please seek the counsel of your own legal advisor to discuss your ideas. We understand that your philanthropic giving must blend with your own financial needs and tax planning. That’s why, with your legal and tax advisors, Woodland Healthcare Foundation’s expert staff will help you create a plan that suits your personal circumstances.

Donors who are considering making a planned gift are encouraged to contact the foundation office with their intent early in the process to help ensure we are prepared to accept the gift and that your wishes can be honored.

For more information about giving opportunities, please call the Woodland Healthcare Foundation at (530) 669-5680.