Ways To Support Hospice Savannah Foundation, Inc.

A variety of gift options are available to those who wish to support Hospice Savannah. Each is designed to offer a means by which both the donor and the Hospice Savannah can benefit from an act of charitable giving.

• Cash
  
  Personal Property: In most cases, a gift of tangible personal property, such as paintings, antiques, books, artifacts, jewelry or stamps, results in a charitable deduction. The donor may also eliminate the potential capital gains tax on the property’s appreciation.
  
  Appreciated Property: It is often an advantage to contribute appreciated property rather than cash. Securities, homes, land, personal property and other assets make ideal gifts. By donating gifts of appreciated property, the donor may eliminate capital gains tax and receives a charitable deduction based on the full market value of the gift.
  
  Bargain Sale: The gift in sale of some assets to the Hospice Savannah that are less than the asset’s fair market value is permitted and may be advantageous. The gift to the Hospice Savannah is the difference between the cost and fair market value and what the asset sold for. Such a gift is eligible for a charitable deduction. However, because sales most often involve appreciated property, the usual percentage limitation of the charitable deduction is 30%.

• Special Giving Programs
  
  Memorial or Living Tribute Gifts: If there is a loss of a family member, friend, or associate, or when there is a special individual or occasion to honor, a thoughtful gift to the Hospice Savannah is truly meaningful. It demonstrates the donor’s depth of concern and it benefits others by continuing our mission.
  
  Endowment/Named Fund: Donors who establish a named fund or endowment may insure the future as well as the present success of the Hospice Savannah. This is a fund for a specific purpose, as stated by the donor and accepted by the Foundation. They offer the donor the satisfaction of knowing that their gift will continue working for generations to come. In addition, an endowment presents the opportunity to memorialize one’s own affection for Hospice Savannah, or to honor a family member or other individual who has made a significant contribution. A minimum amount of $25,000 is required to establish an endowment; however, you may donate any amount to any existing endowment fund.
  
  Click Here for the list of Named Funds

• Deferred Giving Programs
  
  Outright Bequest: This is the most popular way of making a Deferred gift to the Hospice Savannah Foundation. Such a bequest through a Will may be expressed in terms of either a specific sum or a percentage of residuary of the estate.
  
  Charitable Gift Annuity: This is an agreement between the donor and the Hospice Savannah Foundation, under which the donor gives a specific sum of cash, appreciated securities or other property. In return, the donor is guaranteed a fixed annual income for life. Part of the transfer is treated as a gift to the Hospice Savannah Foundation, providing tax benefits to the donor.
  
  Gifts of Life Insurance: A life insurance gift generates substantial current tax savings. The donor receives an income tax charitable deduction when making a gift of a life insurance policy by naming the Hospice Savannah Foundation as the beneficiary and transferring ownership to the Hospice Savannah Foundation.
  
  Charitable Remainder Unitrust: This Unitrust may be established by irrevocably transferring assets to a trust, which then pays income to the donor and/or other named beneficiaries, either for life or for a period of time not to exceed twenty years. Upon the death of the last surviving beneficiary, or at the expiration of the established time period, the trust assets are used for the purpose designated when the trust was created. The donor may select a trustee to manage the trust. Charitable Remainder Annuity: Similar to the Unitrust except that it pays the donor an amount determined when the Trust is established. This type of trust carries all the same income and tax advantages as a Charitable Remainder Unitrust.
  
  Charitable Lead Trust: The opposite of the Charitable Remainder Trust in that the Hospice Savannah Foundation receives a gift of income rather than principle. The income is payable at least annually for a certain term of years, or the life of lives of individuals living at the date of transfer after which time the property reverts to the donor or passes to beneficiaries designated by the donor.
  
  Revocable Charitable Trust: If a donor believes in the mission of the Hospice Savannah Foundation, but does not wish to make an irrevocable gift, the donor may want to consider a Revocable Charitable Trust. The donor, who will receive income for life, can revoke the trust or change its terms, can add to it or withdraw some or all of the trust assets. The assets in the trust at death (if it has not been revoked) will belong to the Hospice Savannah Foundation.
  
  Gifts of Personal Property: Persons who own a home may, under a Retained Life Estate plan, give the property to the Hospice Savannah Foundation and receive the benefit of a current charitable income tax deduction yet continue to use the property for the duration of their lives. A survivor can also enjoy life occupancy. The amount of the donor’s tax savings depends on their age and the value of the home.
  To discuss your options further, please contact the Office of Development at (912) 355-2289.
  
  To make a donation to support Hospice Savannah, please click here.