PLANNED GIFTS AND BEQUESTS
Many donors choose to make arrangements through their estate plans enabling Crater Community Hospice to receive financial support after their death. Donations may include bequests, trusts, retirement plans, insurance policies or other forms of deferred gifts. These gifts are not only valuable to continue the work of our mission, but can also be a tax benefit to the donor. One of the easiest ways to make a lifetime gift is by bequest. Directing your attorney to include Crater Community Hospice in your will when it is drafted or revised is simple. You can designate a specific dollar amount, a percentage of your estate, or a portion of the residual of your estate, whichever is best for your circumstances. You can also bequeath specific assets to CCH including stocks, real estate or other tangible property.
All bequests pass to CCH free of estate taxes and lower the overall size of your estate for tax purposes. Your attorney can help you draft language specific to your circumstances, but here are examples of options to include CCH in your estate plans:
“I hereby give and bequeath to Crater Community Hospice, the sum of $____ to be used for its general purposes.”
Some individuals also designate a percentage of their estate rather than a specific amount. A gift of life insurance offers an opportunity to make a substantial contribution to CCH that you might otherwise be unable to make. If a paid up life insurance policy is no longer needed for family protection, you can give it to CCH, and you, as the donor, may qualify for an immediate tax deduction. If you continue to pay the premiums on a policy after naming CCH as the policy beneficiary, those payments may be deductible as charitable contributions.
For all planned gifts, please be sure to use our legal name and address in your estate plan:
Crater Community Hospice, Inc.
3916 South Crater Road
Petersburg, VA 23805