Planned Giving Options

Note: The information below is simplified and provided as a resource. Consult a tax adviser and/or estate planner to determine how these taxwise forms of giving can work best within the context of your philanthropic priorities.

Bequests/Retirement Savings

A provision in your Will for Fletcher Allen Health Care is a perfect way to give to support Fletcher Allen. Simply designate Fletcher Allen Health Care for a percentage of your estate, a specific dollar amount or residual. For sample bequest language, contact the Fletcher Allen Office of Development at 802-847-2887.

You may also name Fletcher Allen as a beneficiary on your retirement plan, thereby creating estate tax savings at your death. This is a highly attractive option for people who have more than enough assets to maintain an attractive lifestyle throughout retirement.

Benefits: Bequests and retirement plan savings plans are deductible from your taxable estate. Significant savings are possible.

Charitable Gift Annuity (CGA)

In exchange for cash or securities, Fletcher Allen Health Care will pay the donor or a loved one a fixed amount annually for the rest of his/her life. Most donors can expect payout rates from approximately 7 percent to 12 percent, better than most CDs. For more information about current payout rates, contact the Fletcher Allen Office of Development at 802-847-2887. A minimum contribution of $10,000 must be made in order for a Charitable Gift Annuity to be established at Fletcher Allen Health Care.

Benefits: 1) A portion of the donor’s CGA income is not taxed. 2) Donors receive a charitable deduction for part of their gift.

Charitable Lead Trust (CLT)

Do you own a piece of income-generating property such as an apartment building or office building? Can you forgo the earnings from the property or another asset to fund a special gift to Fletcher Allen Health Care? Donors can make a gift over period of years or the life of an individual by creating a Charitable Lead Trust. Earnings go to Fletcher Allen and when the Trust terminates, the assets revert back to the donor or to a named beneficiary or loved ones, such as grandchildren.

Benefits: 1) You remove the asset from your estate thereby reducing estate taxes dramatically. 2) You can make a significant gift to Fletcher Allen without "losing" the value of an asset.

Charitable Remainder Trust (CRT)

Would you or a loved one like to receive a fixed annual income for life and help support Fletcher Allen Health Care? By creating an irrevocable Charitable Remainder Trust, a donor can receive annual income until the death when the corpus of the Trust is distributed to Fletcher Allen. For more information about current payout rates, contact the Fletcher Allen Office of Development at 802-847-2887.

Benefits: 1) Donors receive a charitable deduction for part of their gift. 2) Make a gift now with great estate planning benefits.

Gifts of Vacation Homes, Camps, Farms and Other Real Estate

Do you have a vacation home in Florida that you rarely use? Do you have a cottage in the Adirondacks that you have owned for a long time but don’t use? The real estate market has remained hot while the stock market has ridden a roller coaster. Real estate might represent a perfect gift to Fletcher Allen Health Care. Or you may sell the real estate to Fletcher Allen as a "Bargain Sale," thereby gaining valuable tax deductions. Or a donor might choose to occupy the property for life; with the asset becoming valuable to Fletcher Allen upon your death. For more information, call the Fletcher Allen Office of Development at 802-847-2887.

Benefits: 1) Income tax deduction on the market value of the real estate. Gifts of real property are deductible up to 30 percent of Adjusted Gross Income (AGI). Excess contributions may be carried forward for five years. 2) You avoid capital gains tax on appreciated property.