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Planned Giving



Giving to NVRH might be easier than you thought! 
  • A number of arrangements allow you to receive an income--and a tax deduction--in exchange for a gift to the hospital.

  • Including NVRH in your will, trust, or retirement plan can be a simple procedure and provide important support to NVRH and its patients far into the future.

  • Giving real estate to the hospital while retaining the right to occupy it for your lifetime generates a significant tax deduction, but no change in your day-to-day life.

  • The development office is happy to work with you to find the arrangement that works best for your circumstances. We have the expertise and technology to assess a variety of options.


Click on an item below to learn more
Gifts of Stock
Bequests
Making NVRH a Beneficiary of Your Retirement Plan
Make a Tax-Free Gift from Your IRA
Charitable Remainder Unitrusts
Gifts of Real Estate
Retained Life Estate


Gifts of Stock
Giving appreciated stock or bonds to NVRH is usually more advantageous than giving cash. If you give appreciated securities held longer than one year, you can deduct their full fair market value, regardless of what you originally paid for them. Your total deduction is limited to 30% of your adjusted gross income in any year, but you can take any unused deduction over five succeeding tax years. And, you pay no capital gains tax on the donated securities! With these tax savings, the actual cost of your gift is less than if you made a cash gift.
Please call Brynn Evans, Director of Development, for stock-transfer instructions at (802)748-7516.
 
Bequests
The simplest planned gift is a provision for NVRH in your will or trust. Your bequest will be added to NVRH’s endowment to support the care of patients from the Northeast Kingdom for years to come. Please call Brynn Evans at 748-7516 to learn more.
 
Making NVRH a Beneficiary of Your Retirement Plan
Retirement-plan assets can be subject to both income taxes and estate taxes before they find their way to your heirs.  For this reason, they are particularly good assets to use to make a gift to NVRH. Adding NVRH as a beneficiary or partial beneficiary of your retirement plan or IRA is a simple process that can be completed without an attorney.  Simply consult your retirement-plan administrator for the appropriate form.
 
Make a Tax-Free Gift from Your IRA
Congress has temporarily extended the legislation through 2009 that allows donors to make tax-free gifts from their IRA Accounts. If you are age 70½ or older and do not need all or a part of the distributions from your IRA you can make tax-free gifts totaling up to $100,000 in 2009 from your traditional or Roth IRA to qualified charities. If you and your spouse each have an IRA account, you can each make up to $100,000 in gifts. While you cannot claim a charitable deduction for IRA gifts, you will not be required to pay income tax on any amounts you distribute to qualified charities.

Charitable Gift Annuities 
A charitable gift annuity (CGA) is a simple contract between an individual and NVRH.  In exchange for an up-front gift, NVRH agrees to make fixed payments to an individual or a couple for life.  The payout rate is determined by the age of the beneficiaries when the annuity is established. 
CGA’s may be funded with cash or securities. In addition to payments for life, the CGA generates an immediate income-tax deduction.  Payments from a CGA are partially tax-free.  For more information, contact Brynn Evans at 748-7516.

Charitable Remainder Unitrusts
A charitable remainder unitrust is a gift plan that allows you to provide income to yourself or others for life or a term of years while making a generous gift to NVRH.  The unitrust may be funded with cash, securities, or real estate. The assets are invested and re-valued each year.  Beneficiaries are paid a stated percentage (at least 5%) of the assets in the trust annually.  A unitrust has the potential to increase in value over time.  It can be a particularly good retirement-planning device. 
 
For more information, contact Brynn Evans at 748-7516.
 
Gifts of Real Estate
Gifts of real estate secure a charitable income tax deduction for you, based on the fair market value of the property, with no capital-gains tax liability on the transfer.
You can make a gift of real estate to NVRH in several ways:
  • Through an outright donation;
  • Through the donation of a fractional interest in the property;
  • As the basis for a gift plan that will pay you income, like a unitrust;
  • By giving us your home and reserving the right to continue living there for your lifetime (a retained life estate);
  • Through a part sale/part gift arrangement with us (a charitable bargain sale. 
Retained Life Estate
Retained life estate is a plan that allows you to donate a future interest in your home or farm to NVRH while retaining the right to live in it for the rest of your life.

As the creator of a life estate, you deed a future interest in your home or farm to NVRH, but retain the right to live in it for the rest of your life, or a term of years. You may also use a vacation home to create this kind of gift.

While you retain the right to live on your property, you continue to be responsible for all routine expenses: maintenance fees, insurance, property taxes, repairs, etc. If you later decide to vacate your property, you may rent all or part of the property in cooperation with NVRH.

When your life estate ends, or you terminate your interest, NVRH can then use your property or the proceeds from the sale of your property for the purpose you designate.
 
 

Ways to Help

Donate:
 
 
 
Volunteer:
Northeastern Vermont Regional Hospital
PO Box 905 1315 Hospital Drive
St. Johnsbury, Vermont 05819
802 748-8141
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