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.

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 unit trust.

Gifts of Appreciated Securities -- Donating long-term appreciated securities directly to University Health Care Foundation rather than selling the assets and donating the cash proceeds — is one of the best and easiest ways to give more. Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago, and have a current value greater than their original cost) may be donated to University Health Care Foundation and a tax deduction taken for the full fair market value of the securities — up to 30% of the donor's adjusted gross income. Since the securities are donated rather than sold, capital gains taxes from selling the securities no longer apply. The more appreciation the securities have, the greater the tax savings will be. 

Retirement Plan -- Your retirement plan can be subject to double taxation. Why not leave more to your family, while helping University Health Care Foundation. Naming University Health Care Foundation as the beneficiary of your qualified retirement plan will accomplish a charitable giving goal while realizing significant tax savings. You as the donor maintains complete control over the assets in the plan while living, but upon death the plan's assets pass to University Health Care Foundation, free of both estate and income tax.

Life Insurance -- You don't need to have a large estate to make a significant gift to University Health Care Foundation. Life insurance allows you to make a much larger gift to charity than you might otherwise be able to afford. Although the cost to you (your premiums) is relatively small, the amount University Health Care Foundation will receive can be quite substantial. As long as you continue to pay the premiums on the life insurance policy, the charity is guaranteed to receive the proceeds of the policy at the time of death. Since life insurance proceeds paid to a charity are not subject to income and estate taxes, probate costs, and other expenses, University Health Care Foundation can count on receiving 100 percent of your gift. 

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.