Planned Giving

For generations, Charlotte Hungerford Hospital has provided critical health services to families throughout the area. Yet as we look toward the challenges of the future, we know that the generosity of others will make all the difference in our continued success. That is why we seek your support.

When you become a member of Charlotte’s Circle, your Planned Gift will help secure high-quality healthcare for thousands of patients. But we also want to make sure that you benefit from your gift to Charlotte Hungerford.

The Benefits of Planned Giving

With your Planned Gift, you can realize a number of significant benefits. You can potentially receive a current income tax deduction; avoid long-term capital gains taxes; increase income and your effective rate of return; reduce estate and gift taxes; and leave a legacy that benefits others.

Explore the Opportunities.

This brochure will help you explore opportunities that combine your philanthropic giving with your financial needs and tax-planning strategies. To design a gift that benefits you, as well as the people or organizations you care about most, we recommend that you obtain the professional counsel of an attorney who specializes in estate planning, or a certified financial planner. We’d be happy to work with you and your advisors to help you plan for tomorrow, while receiving maximum benefit today.

A bequest could be the most important charitable gift you ever make.

Many ways to give. Many ways to benefit.

There are many ways of giving and many ways to tailor your Planned Gift to your individual financial situation. Below, we’ve outlined a variety of gift options. As you consider joining Charlotte’s Circle and including Charlotte Hungerford Hospital in your plans, we’d be happy to answer any questions. We recommend that you also contact your own financial advisor, or attorney, for professional guidance.

Outright Gifts

Gifts of cash, securities or other property can be used immediately to support the current needs of the Hospital. Cash gifts are an easy way to contribute to Charlotte Hungerford Hospital and provide you with an income tax deduction. A gift of appreciated marketable securities provides an income tax charitable deduction, as well as a capital gains tax savings. A gift of real estate may allow you to claim an income tax charitable deduction, avoid capital gains taxes, eliminate certain costs associated with the transfer, and possibly receive income.


To make a charitable bequest, you need a current will, or a revocable living trust, drawn up by your legal advisor. Your gift can be made as a percentage of your estate, or you can make a specific bequest by giving a certain amount of cash, securities or property. After your death, Charlotte Hungerford Hospital will receive your gift.

When planning a future gift, it’s sometimes difficult to determine what size donation will make sense. Including a bequest of a percentage of your estate ensures that your gift will remain proportionate to your estate, no matter how your estate’s value fluctuates up or down over the years. There are several potential benefits to making a bequest: It is simple, since all that is needed is a short provision in your will or trust; you can change the gift at any time, because you are not actually making it until after your death; you can structure the bequest to leave a specific asset, or amount of money, or you can leave a percentage of your estate to the Hospital; and your estate is entitled to an estate tax charitable deduction for the gift’s full value.

Charitable Remainder Trusts

Charitable Remainder Trusts are well suited to donors who would like to make a gift and receive income in return. With a charitable remainder annuity or remainder trust, you will receive income each year for the rest of your life from assets you give to the trust. Your income can be either variable, or a fixed amount. After your death, the balance in the trust will go to the Hospital.

There are two types of charitable remainder trusts:  The annuity trust pays you a fixed dollar amount annually. You choose this amount when you establish the trust (generally, no less than 5% of the trust’s value). Your payments stay the same for your lifetime, regardless of increases or decreases in the trust’s value. The unitrust pays you a variable amount annually, based on a fixed percentage of the fair market value of the trust assets. The amount of your payment is determined annually. If the value of the trust increases, your payments increase. Conversely, if the value of the trust decreases, so will your payments. Additional assets can be transferred to a unitrust in future years.

Retirement Accounts

Most retirement plans, including 401(k)s and IRAs, are income tax–deferred. Income tax is not paid until the funds are distributed to you during your lifetime, or to your beneficiaries upon your death. This taxation makes retirement assets among the most costly assets to distribute to your beneficiaries.

Because they are subject to income taxes to your beneficiaries, retirement assets make ideal gifts to tax-exempt charitable organizations such as Charlotte Hungerford Hospital. The federal income taxes on retirement assets you leave to your beneficiaries can be as high as 35% (and perhaps higher in future years). This means that an IRA worth $100,000 will be worth only $65,000 by the time the money reaches your heirs, and they pay the taxes on it.

On the other hand, if you name a charity as the beneficiary of your retirement assets at your death, the charity will pay no income taxes. Charlotte Hungerford Hospital is tax-exempt and eligible to receive the full amount of your IRA or 401(k), without paying income taxes. This means that in the above example, Charlotte Hungerford Hospital would receive the full $100,000 benefit. It may be beneficial, then, to leave IRA or 401(k) assets to Charlotte Hungerford Hospital, and leave cash or stock that is not subject to income taxes to your family or other heirs.

Life Insurance

When you first obtained your life insurance policies, you surely felt a need for them. Perhaps you no longer need the same coverage today, yet you still have the policies. If you are considering making a contribution to Charlotte Hungerford Hospital, a gift of your life insurance could be a sensible option. You can either name Charlotte Hungerford Hospital as owner of the policy, or name Charlotte Hungerford Hospital as the beneficiary of the policy. If you make us owner of the policy, you will generally receive an income tax deduction for the policy’s fair market value or cost basis, if lower, on the date of the gift. If you name us beneficiary and retain ownership, you will not be eligible for current tax benefits because the gift is revocable at any time.

Real Estate

A gift of real estate can benefit both you and Charlotte Hungerford Hospital. An outright gift of property can help you lower capital gains taxes and give you an income tax charitable deduction for the full fair market value.

Memorials and Endowments

You may wish to consider creating an endowment in the name of someone you wish to honor or memorialize in perpetuity, or in your own name. A memorial gift accomplishes a number of things:  You honor a family member, a colleague, another Hospital supporter, a medical professional on our staff or in the community, or yourself. Such a gift also serves as a public endorsement of our work. As with all gifts to Charlotte Hungerford Hospital, a memorial gift provides income or estate tax benefits for the donor. Consider establishing a named endowment fund to ensure our future in this way.

Remeber Charlotte…

There are many ways that planned gifts can benefit both the donor and the Hospital.  Each option on this site offers different tax advantages to the donor.  Our planned giving staff can help you determine which planned gift might be right for you based on your financial and philanthropic objectives.

For more information, please contact the Development Office at 860-496-6544.