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Planned Giving

Making a planned gift is a wonderful way to show your support and appreciation for Good Sam and its mission while accommodating your own personal, financial, estate-planning and philanthropic goals. With smart planning, you may actually increase the size of your estate and/or reduce the tax burden on your heirs. Just as important, you will know that you have made a meaningful contribution to ensure the future of Good Sam.

Bequests

By making a gift through your will, there is no cost now and you may secure a charitable estate-tax deduction for the value of the gift. 

How it works:

  • You include a bequest provision in your will or revocable trust
  •  At your death Good Sam receives the bequest you specified

Benefits:

  • You may change your bequest or trust designation at any time
  • You control the funding property during your lifetime
  • Your bequest or trust designation will not be subject to any potential federal estate tax
  • You provide future support for Good Sam.

 

Gifts of Appreciated Securities

How it works:

  • You can send unendorsed stock certificates by registered mail or instruct your broker to make the transfer from your account to our account
  • You receive an income-tax deduction
  • Good Sam may keep or sell the securities

Benefits:

  •  You receive a federal income-tax deduction for the full fair-market value of the securities
  •  You avoid long-term capital-gain tax on any appreciation in the value of the stock
  • Your gift will support Good Sam as you designate

 

Gifts from Retirement Plans

How it works:

  •  You name Good Sam as beneficiary for part or all of your retirement-plan benefits
  •  Funds are transferred by plan administrator as you wish or upon death

Benefits:

  • No federal income tax is due on the funds that pass to Good Sam
  • No federal estate tax on the funds
  • You make a significant gift for the programs you support at Good Sam

 

Life Insurance

How it works:

  • You assign all the rights in your insurance policy to Good Sam, designate us as irrevocable beneficiary, and then receive an income-tax deduction.
  • Good Sam may surrender the policy for its cash value or hold it and receive the proceeds at your death.

Benefits

  • You receive a federal income-tax deduction
  •  If premiums remain to be paid, you can receive income-tax deductions for contributions to Good Sam to pay these premiums
  •  You can make a substantial gift on the installment plan
  • Good Sam receives a gift they can use now or hold for the future

 

Closely Held Business Stock

How it works:

  • You make a gift of your closely held stock to Good Sam and get a qualified appraisal to determine its value
  • You receive a charitable income-tax deduction for the full fair-market value of the stock
  • Good Sam may keep the stock or offer to sell it back to your company

Benefits:

  •  You receive an income-tax deduction for the fair-market value of stock
  • You pay no capital-gain tax on any appreciation
  • Your company may repurchase the stock, thereby keeping your ownership interest intact
  • Good Sam receives a significant gift

 

For more information, call the Good Samaritan Hospital Foundation at 631-376-3097