Planned giving (also known as legacy giving) is a way to make a gift that contributes to the long-term financial strength and ongoing quality of the healthcare we provide at Alice Peck Day. We can help you and your attorney or financial advisor design a plan that preserves your commitment to your family while also fulfilling your desire to support APD.
In 1995, Alice Peck Day Memorial Hospital established a donor recognition society, named in honor of the original bequest by Mrs. Alice Peck Day. The Homestead Society recognizes and honors those who, because of their desire to support the future of the hospital, have made a bequest provision, life income gift, or other planned gift commitment to the institution.
To receive more information about giving or to discuss making a legacy gift, please contact Melanie Moore, Associate Vice President Philanthropy and Community Relations, at (603) 448-7429.
The following list provides a short guide to the most popular planned gift options:
A bequest is one of the simplest ways to remember those you care about most and is fully deductible for federal estate tax purposes. You may specify an amount or a percentage of your estate through a simple codicil to your will. For example: “I give/bequest the sum of $ (or portion of remainder of my estate) to Alice Peck Day Health Systems, Corp.”
Charitable Gift Annuity
The concept of the Charitable Gift Annuity in America dates back to the 1870s, when a parishioner first donated a valuable asset to a church in exchange for a flow of income. Simply defined, a Charitable Gift Annuity (CGA) is a planned gift vehicle that can provide tax benefits for a donor while realizing income during his/her life. It involves a contract between a donor and Alice Peck Day Memorial Hospital whereby the donor transfers cash or property to APD for a partial tax deduction and a lifetime stream of annual income. When the donor dies, APD keeps the gift. The amount of the income stream is determined by many factors including the donor's age. APD uses payout rates defined by the American Council on Gift Annuities.
Each CGA is unique based on the donor’s intention and situation. APD Philanthropy staff would be glad to provide details about this type of gift to the hospital.
Charitable Lead Trust
If your goal is to provide an inheritance for your children, but you would also like to make a significant charitable gift through your estate, a charitable lead trust can help you satisfy both objectives. Investment income from the CLT is distributed to APD first; the principal passes to the children, grandchildren, or other loved ones with reduced gift or estate taxes.
Charitable Remainder Trust
What are your plans for the future? While there is no single way to achieve all of your personal and financial goals, this is one strategy that can meet many of your needs. A charitable remainder trust can increase your income, reduce your taxes, unlock appreciated investments, rid you of investment worries and ultimately provide very important support.
Real Estate and Property Gifts
If you own property that is fully paid off and has appreciated in value, an outright gift may be the simplest solution. You can deduct the fair market value of your gift, avoid all capital gains taxes and remove that asset from your taxable estate. You can transfer the deed of your home or farm now and keep the right to use the property for your lifetime and that of your spouse. If the property has appreciated, you or your family would avoid the capital gains tax and receive a charitable deduction for the full fair market value of the property.
Gifts of Life Insurance
There are a variety of ways you can make a gift of a life insurance policy. You can donate the policy to APD or simply name us as the beneficiary. For the gift of a paid-up policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary. A gift of life insurance can provide a significant charitable deduction.
Gifts of Retirement Plan Assets
Did you know that nearly half of your retirement plan assets can be eaten away by taxes at your death? By donating retirement assets, those funds avoid both estate and IRD (Income in Respect of a Decedent) taxes, and you can be certain that 100 percent of the balance of your retirement funds will support your philanthropic objectives.