University Health Care System
(706) 722-9011

Planned Giving

Change Lives while Earning Income Now

If you wish to make a charitable gift that provides income during your lifetime, choose from the planned giving opportunities described here. Your gift may be funded with appreciated securities, allowing you to avoid part of your capital gain liability and also receive a tax deduction.

Charitable Gift Annuity -- A charitable gift annuity is, essentially, an annuity contract. You transfer assets to University Health Care Foundation; in return, the Foundation agrees to make regular, fixed payments to you for the rest of your life. The transaction is both a purchase of an annuity and a charitable contribution.

Charitable Lead Trusts -- Often used as an estate planning tool, a charitable lead trust may allow you to make a gift to University Health Care Foundation and give you the opportunity to pass a substantially larger inheritance to your heirs than if you used other more traditional planning mechanisms. Think of this as the opposite of a charitable remainder trust. Using this tool, you place assets in a charitable lead trust that then distributes income to University Health Care Foundation for a set number of years or for one or more persons' lifetimes. When the term of the trust has expired, the remainder returns to the donor or transfers to named beneficiaries.

Pooled Income Fund -- A pooled income fund appeals to those with sufficient income but no substantial capital, as well as to those with capital who do not feel that they can give up the income on the contributed assets. The pooled income fund mingles your gift with those of other donors. You as the donor receive a pro rata share of the fund's dividends and interest, all of which must be paid out. Your portion of the income is taxed to you as ordinary income.

Bequests -- If you wish to retain full use of your property during your lifetime, you may choose to make a gift by will. All bequests to University Health Care Foundation qualify for an unlimited estate tax deduction.

Charitable Remainder Trusts -- This type of gift arrangement allows you to make a gift to University Health Care Foundation, receive income for yourself and/or another beneficiary, and realize significant tax savings at the same time. In creating a CRT, you irrevocably transfer money or property to a trust.  The trustee then distributes a specified annual income to you and/or another designated beneficiary for life, or a set number of years, and when the income benefits end, the remaining property will be distributed to the Foundation. There are two types of charitable remainder trusts: Annuity Trusts pay a fixed, guaranteed dollar amount regardless of how the trust performs. The income rate is determined at the time the trust is funded. Unitrusts, on the other hand, pay a predetermined percentage of the fair market value of the trust's assets, which are revalued each year. If the trust's assets increase, the donor receives a larger payment. Additional gifts may be made to a unitrust.

The Foundation is associated with the National Society of Fundraising Executives and abides by the NSFRE code of ethics. We also are members of the Association for Healthcare Philanthropy and the Georgia Hospital Development Professionals. If you are considering a large philanthropic gift, we encourage you to meet with your financial advisor, and then call our office at 706/667-0030 to discuss giving to the Foundation. Our qualified staff can assist you with complexities of planned giving.


© 2015   University Health Care System
1350 Walton Way, Augusta, Georgia
(706) 722-9011