wwch PLANNED giving program

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BENEFITS OF GIVING

  • Knowing your passion and commitment for Hospice's mission will endure for generationsto come

  • May allow part of the estate to avoid a potentially expensive and arduous probateprocess

  • Satisfaction of offering future philanthropic support without sacrificing income at thistime

  • Offers flexible ways to give at many levels

  • Helps lower your adjusted gross income.

  • Reduces your capital gains tax

  • Deduct the charitable gift’s full value from your estate tax

  • Satisfy requirements for required minimum distributions from an IRA

WHY GIVE TO HOSPICE

  • Proven Track Record - In our 40+ years of operation, we have had a proven record of success and fiscal responsibility. As a non-profit, that information ist ransparent and readily available. Our full financials are available to view on Guidestar.org where we have achieved a Platinum rating as a result of our commitment to transparency as it relates to sharing financial information. Our EIN is 91-1144144.

  • Large Service Area - WWCH addresses the needs of a geographically-dispersed rural population covering 1,300 square miles in three counties and two states. Dual State certification, clinical licensing, and supporting the large service area makes it a challenge to maintain the profitability of the organization.

  • Not all of the work we do is reimbursable - Though most patients have hospice benefit coverage through CMS or private insurance, some patients do not qualify. WWCH is committed to not turning away medically-eligible patients for any reason. Charitable funds are set aside and designated by the Board of Directors for this purpose. In addition, WWCH offers many other services and programs such as grief and bereavement support, educational workshops, and more which are not reimbursable yet available region-wide at no charge.

  • Help us grow existing programs & develop new - Though our operational costs are not dependent on planned giving, when it occurs it has a major and lasting impact on our existing programs, offers opportunities to develop and grow others, and allows us to consider future capital projects. These funds offer us the ability to invest and grow existing programs, prepare for future capital projects.

  • Help develop sustainable revenue streams - Our non-reimbursable work is currently funded from our bottom line and and from labor-intensive fundraising efforts such as events and donation drives. Planned giving offers sustainable, ongoing revenue not easily impacted by the economy or unforeseeable events.

TYPES OF PLANNED GIVING

  • Bequests are gifts in a will or trust. They are easy to set up, and charitable bequests may reduce estate tax and avoid capital gains tax.

  • Life Insurance makes a gift by naming Hospice as a beneficiary. The donation may also reduce estate tax.

  • Retirement Accounts are often overlooked yet an easy way to give. Naming hospice as a beneficiary of a retirement account may stretch your charitable dollar by minimizing estate tax, avoiding capital gains tax, and avoiding income tax. Of course, donors can continue to take withdrawals from these accounts during their lifetime.

  • Qualified Charitable Distribution from your IRA is a direct transfer of funds from yourIRA custodian, payable to Hospice. They may be counted toward satisfying the donor's required minimum distributions for the year. The donated amount can be excluded from taxable income unlike regular IRA withdrawals.

  • Gifts of Real Estate which have appreciated make for a substantial gift. Donors avoid capital gains tax while receiving a large income tax deduction. Donors should coordinate with Hospice before making the donation.

  • Gifts of Securities help a donor to avoid capital gains tax while maximizing the impact of your charitable gift. Donors contribute appreciated stock or other marketable securities which removes taxable assets from their estate making them eligible for immediate deduction for the full value. This type of gift delivers immediate benefits to Hospice.

  • Charitable Remainder Trusts are an option which pays income for life or a term of years to a donor and/or others, but ultimately benefits Hospice. They are a good fit for donors who want to ensure income in retirement but also want to reduce or avoid estate tax and capital gains tax.

HOW TO BEGIN

  1. Assess your ability to give and know that gifts of any size are appreciated and make an impact

  2. Communicate with your financial advisors and/or estate planners.

  3. Contact Topher McClellan, WWCH Executive Director at cmclellan@wwhospice.org or by calling 509.525.5561.