- Bequests are gifts that are given through someone's will after they pass on. They are gifts that need to be thought out carefully and discussed with an attorney so that all the details are accurately described and worked out. Making a charitable gift by a will is a great way to ensure that your money will be invested by enhancing lives through the guidance of the Memorial Health Foundation.
- A gift annuity is a simple, contractual agreement between the donor and Memorial Health System in which you transfer assets to the Memorial Health Foundation in exchange for our promise to pay one or two annuity payments for life.By donating through a gift annuity, you would contract for a fixed payment for yourself or you and another individual and make a gift to the Memorial Health Foundation. This allows you to have the opportunity to itemize deductions on your tax return and have savings from the charitable deductions, reducing the net cost of the gift.With a deferred payment gift annuity, the start of payments is delayed until a specific date which is initially determined by the donor.
Click here for more information about gifts that provide you with both income now and a charitable giving opportunity.