Brattleboro Area Hospice Legacy Society

 

How will you leave your legacy?

Each of us leaves a legacy through a lifetime of relationships, deeds, accomplishments.  A wish to leave a legacy, a way that we can continue to contribute, can be realized by making a Brattleboro Area Hospice Legacy Society gift.

There are many ways to become a member of the Brattleboro Area Hospice Legacy Society.  Take a moment and think about it.  What will your legacy be?

Who are Legacy Donors?

Legacy donors are not always wealthy:  Legacy donors are committed.  How much they give throughout their lives may vary drastically.  The commonality lies in belief in the cause.  Legacy donors are long term friends of Hospice who are planning strategically for the continued support of their favorite cause into the future.

Experiencing the death of another can be profound and life changing.  Making it possible that others can have the best possible end of life experience is a gift like none other.   A Legacy Gift to Brattleboro Area Hospice ensures that this can be possible for everyone in our community.

Here’s how you can leave a legacy!

There are a variety of ways available that can provide support for the future of Brattleboro Area Hospice and accomplish a donor’s goals for their family, their community and other non profits causes they believe in.  A donor can leave a legacy and provide for their loved ones.

Outright Gifts…. Gifts made during a donor’s lifetime.

Gifts of cash or appreciated securities   An outright gift of cash or appreciated securities can make a tremendous difference for a special project or to support the day to day operations of Brattleboro area Hospice.  You can also request that your gift be contributed to the Endowment Fund to ensure long- lasting support to the future of Brattleboro Area Hospice.

A cash gift may be made with a check, by VISA or MasterCard.

You can instruct your broker to direct a gift of shares in stock or mutual funds at any time, as an annual gift, a capital campaign contribution, or as a life time gift.  This is one of the simplest ways to support your interests and it gives the organization the opportunity to use your gift immediately or to reserve it as part of the endowment strategy.

If you donate stock or mutual funds that have increased in value since you obtained them, direct the shares to the organization in order to get the most beneficial tax deduction.  You will pay no capital gains tax and will also get a charitable tax deduction of the full current value of the shares.

With a gift of cash or securities, your tax savings are immediate.

What to do next:  A cash gift is the fastest and simplest.  Write your check and send it today or Click and Pledge on our secure website www.brattleborohospice.org.

A stock or mutual funds gift is nearly as simple.  Instruct your broker to deliver specific shares to: Brattleboro Area Hospice through Morgan Stanley by calling 413-734-7311.  Hospice’s DTC Number is 0015.  The Account Number is 776-105177.  The Donor should be sure to supply his/her name and complete address, the name and number of securities transferred and the date of the transfer.

Bequests   The addition of one sentence to your will leaves a legacy that others will benefit from Hospice into the future.  “I bequeath $_____or ______% of my estate to Brattleboro Area Hospice, 191 Canal Street, Brattleboro VT 05301.”

You may designate a specific dollar amount, a percentage of the estate, a percentage of the “residual” (remaining parts of the estate after other distributions are made), a piece of property, or any other specified gift.   You can make this decision at any time, and add it to your will with a simple update.  You can reconsider it any time you rewrite or revise your will in the future.

What to do next:  When you next review and revise your will, let your attorney know you’d like to include a bequest to: Brattleboro Area Hospice, 191 Canal Street, Brattleboro VT 05301.”

A gift of a Retirement Account   Retirement accounts are among the most tax-burdened assets in an individual’s estate.  A Legacy donor can realize the full impact of their retirement funds during their lifetime, reduce the size of their taxable estate and sustain the future of Brattleboro Area Hospice through a gift of retirement assets.

Retirement accounts incur both income tax and estate taxes for our heirs and often at the time when their own income tax rates are highest.   The gift of a retirement account is one of the simplest planned gifts to make and requires no legal or accounting assistance. You simply change the primary or secondary beneficiary on your account, or name the organization as a co-beneficiary along with your heirs offering your heirs flexibility in how they take their inheritance dependent upon their life circumstances.

What to do next:  When you set up, or revise, the beneficiary list for your retirement account, include Brattleboro Area Hospice, 191 Canal Street, Brattleboro VT 05301, as a full or partial beneficiary.

A gift of Life Insurance   Oftentimes an older person no longer has the same need for life insurance as they may have when they purchased the policy.   Naming Brattleboro Area Hospice as beneficiary of an unneeded policy can be a simple method for leaving a legacy.

An insurance policy, which has value but is no longer needed, is an easy way for a donor to make a significant gift to Brattleboro Area Hospice. This type of gift has no impact on a donor’s current financial status.  If you name Brattleboro Area Hospice as the beneficiary rather than your estate, there will be no estate taxes due on this asset upon your death.  This gift does not require any legal work, just the changing of beneficiary. Brattleboro Area Hospice recommends that you review this as well as any other planned giving option with your financial or legal advisor in terms of your overall estate plan.

What to do next:  Please call the Development Director at 802-257-0775 ext. 109 before sending your policy.

A gift of a bank account  By retitling a bank or credit union account as “Payable on Death” it will pass directly to Brattleboro Area Hospice upon the donor’s death, bypassing probate.   It may be possible to name Brattleboro Area Hospice as beneficiary of a portion of a “Payable upon Death” account.  You will have full control of this account throughout your lifetime.

What to do next:  Talk with your banker who can provide you with the necessary paperwork to complete this transaction and we suggest that you always consult with your financial advisor or legal counsel prior to making a planned giving assignment.

A gift of Brokerage or Mutual Fund Accounts and Stock Certificates  Similar to gifts of bank accounts, retitling a brokerage or mutual fund account or stock certificate as” Transfer On Death” (TOD) , passes the asset directly to Brattleboro Area Hospice upon death of the donor, bypassing probate.

What to do next:  Talk with your broker or the transfer agent for the company whose stock you own to complete the necessary paperwork to complete this transaction.   We recommend that you consult with your financial advisor or legal counsel prior to making a planned giving assignment.

A gift of real or personal property  A residence or other personal property may be given as an outright gift. The donor retains the rights to the property for the duration of their life.  Donors considering this option are asked to speak with representatives of Brattleboro Area Hospice prior to making the donation.

Gifts that provide Income during your Life

Brattleboro Area Hospice partners with the Vermont Community Foundation to provide life income gifts to our donors.  We are delighted with this partnership, making it possible for us to offer the expertise and professionalism of Vermont Community Foundation to our friends and supporters.

Charitable Gift Annuities – A contract between the donor and Brattleboro Area Hospice that gives the donor a tax –advantaged way to receive income during their lifetime while supporting Brattleboro Area Hospice’s mission in the future.   These gifts are irrevocable and as such the donor receives a tax deduction immediately, adjusted based on the income the donor is receiving.

The donor makes a gift to Brattleboro Area Hospice and in return receives a fixed annual income, either for life or for the term of the annuity.  The Vermont Community Foundation manages the gift fund and guarantees the stipulated payment to the donor (and, if designed this way, for the donor’s beneficiary).  In the end, the organization receives the funds remaining in the annuity.  Donors can contribute incremental amounts to the annuity, repeating gifts as many times as they like, increasing their income.

What to do next:  Consult with a financial advisor or legal counsel.  If considering the gift of an annuity please call the Development Director at 802-257-0775 ext. 109.  We will schedule a meeting with a representative of the Vermont Community Foundation.

Trusts

Through a Trust, you can simultaneously benefit one or more nonprofit organizations and yourself or your family.  There are two financial beneficiaries in Trusts: current income and the “remainder” which is left over after the income payments are completed.  You must work with an accountant and/or an attorney to set up a trust, as it is a separate entity, like a corporation, standing between you and the organization.  Trusts are irrevocable gifts, and so they may offer tax deductions.

Charitable Remainder Trusts – A separately invested and managed trust that pays a percentage of principal, revalued annually to the donor or other beneficiaries for a specified term of years after which the remainder is distributed to Brattleboro Area Hospice.

Charitable Lead Trusts– Brattleboro Area Hospice receives income generated by the trust for the defined term of the trust.  Upon termination of the trust the assets revert to the assigned beneficiaries.

What to do next:  Consult with a financial advisor or legal counsel.  If considering the establishment of a remainder or lead trust, please call the Development Director at 802-257-0775 ext. 109.  We will schedule a meeting with a representative of the Vermont Community Foundation to discuss your wishes further.

Why Give to Brattleboro Area Hospice?

A legacy gift to Brattleboro Area Hospice ensures that community members into the future will be supported through their final days and that their family and loved ones will continue on through and past the rigors of their immediate loss with compassionate care and understanding.  It will ensure that volunteers are recruited and trained to offer the kind of caring support that makes this difficult time bearable.

Brattleboro Area Hospice would love to speak with you in more depth about your interest and wishes in making a planned gift. You can be certain that your gift will be used efficiently and effectively to serve future generations.  Please let us know how and when we can help you with your planning.

We would be happy to meet with you to further discuss your hopes for leaving a legacy.  Please call the office at 802-257-0775 to schedule an appointment with the Development Director, Andrea Livermore.

Thank you!