Planned Giving

WMCHealth’s foundation relies on philanthropy and the generosity of donors like you to help us provide the lifesaving care that improves the lives of our patients and our community. Charitable gift planning allows you to integrate your financial, estate, and philanthropic planning in a manner that benefits you and WMCHealth. Here are a variety of charitable gift planning options to consider and discuss with your financial planner.

Leave Your Legacy for the Future of Health Care

Bequests or Living Trusts

With as little as one sentence, you can provide a gift that will support WMCHealth for generations while providing you with maximum flexibility. You can bequeath a specific dollar amount or a percentage of your estate. 

Beneficiary Designations 

Designating WMCHealth as a beneficiary of your retirement accounts, life insurance policies, commercial annuities, bank accounts or investment accounts may help you avoid estate taxes that your loved ones would otherwise incur.

Receive Income from Your Gift to WMCHealth

Charitable Gift Annuity (CGA)

A charitable gift annuity is a contract that provides the donor a fixed income stream for life in exchange for a charitable gift to WMCHealth. A CGA can be funded through cash or appreciated, liquid assets such as stocks. In addition to the income stream, annuitants may receive a charitable income tax deduction in the year of the gift. A portion of annual gift annuity payments may also be tax-free for a number of years based on IRS formulas.

Deferred Charitable Gift Annuity (CGA)

Select a specific start date for annuity payments. Charitable Remainder Trust (CRT) A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to WMCHealth. A CRT is a flexible, customizable tool and can be funded with a variety of assets such as cash and appreciated assets like stock or real estate. 

There are two types of CRTs:

A Charitable Remainder Annuity Trust (CRAT) pays a fixed amount each year for the life of the CRAT. 

 A Charitable Remainder Unitrust (CRUT) pays a fixed percentage of the CRUT’s assets each year. The CRUT’s assets are re-evaluated annually and additional contributions can be made. 

Charitable Lead Trust (CLT)

A charitable lead trust (CLT) pays annual income to WMCHealth. At the end of the specified time, the trust’s principal is returned to you or given to your beneficiaries. CLTs can provide you with charitable deductions or provide significant estate and gift tax savings to your beneficiaries.

Give Today in a Tax-Wise Way

When considering a gift, there are alternatives to writing a check that can provide you with significant tax savings.

Appreciated Securities Contributions

Appreciated assets such as stocks, bonds, mutual funds or real estate allow you to obtain a charitable deduction for the full market value, and avoid paying any capital gains tax. 

IRA Qualified Charitable Distribution (QCD) 

A QCD allow individuals who are 701/2 years old or older to donate up to $100,000 annually to WMCHealth directly from a taxable IRA instead of taking their required minimum distribution.

Donor Advised Fund (DAF)

A DAF is like a charitable investment account for the sole purpose of supporting charitable organizations. Donors receive an immediate income tax charitable deduction and retain the flexibility to recommend how much and how often money is granted to WMCHealth.

Other gift alternatives may include donations of personal property or cryptocurrency.

I Have Included WMCHealth in My Estate Plan

If you have already named WMCHealth as a beneficiary of your estate plan, we are incredibly grateful for your generosity. It is important that we know how you wish for your gift to be used, and it is important that you know that we can fulfill your expectations. It is also important to us that we express our sincere gratitude to you while you are alive. So, if you would take a minute to click below to let us know of your gift, we will work with you to determine the designation of your gift and thank you appropriately.

Tell Us About Your Gift to WMCHealth »