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Planned Giving



Giving to NVRH might be easier than you thought! 

 

Thank you for your interest in learning more about the many benefits of making a planned gift. Including charitable gifts in your estate plans can lessen the burden of taxes on you and your family, while at the same time supporting the important work of NVRH.  Below are some gift options that you may want to consider. The NVRH Development Office is happy to work with you to find the arrangement that works best for your circumstances, as well as leaves the legacy you want. 

To learn more or speak with someone about your legacy giving plans, contact Emily Hutchison, Director of Philanthropy, at e.hutchison@nvrh.org or 802-745-6434.



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. 
 
Bequests
A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to NVRH as part of your estate plan. NVRH is happy to provide you and your advisor or attorney with some basic language to include in your plans, specific to the type of gift you are making.

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.

IRA Charitable Rollover Gift

Do you want to reduce your tax burden, while at the same time benefiting programs at NVRH? If you are 70½ or older, you can make a distribution directly from your traditional or Roth IRA to NVRH up to $100,000 each year without the distribution being included as taxable income, but allowing it to count towards the annual required minimum distribution (RMD).  NVRA is happy to provide you with a sample letter to send to your IRA administrator to assist with making your rollover gift.

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. 

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.  

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.

This information does not provide legal or financial advice, nor is it a comprehensive review of the topics. You should consult your attorney and tax advisor before making or planning your gift. Certain types of gifts require prior approval from NVRH in order to be accepted.  

 

 
 

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