Perhaps you have cash that you'd eventually like to give to Doernbecher Children's Hospital Foundation, but aren't necessarily ready to part with it today. After all, you never know when you might need it. Consider the possibilities that a gift of cash in your will or trust can bring.
The following is an illustration of how this type of donation works:
Greg was no stranger to philanthropy. Each year he faithfully donated to Doernbecher Children's Hospital Foundation and wanted to continue his support after his lifetime. To formalize his wishes, he consulted with a local estate planning attorney, who drafted a will and revocable living trust. A specific cash bequest was included in the trust.
Greg passed away several years later. He left a specific cash bequest of $1 million to Doernbecher Children's Hospital Foundation in his trust. At the time of Greg's death, his estate was subject to a federal estate tax rate of 35 percent. Greg's estate was able to take advantage of the unlimited estate tax charitable deduction and saved $350,000 in federal estate taxes..
- Greg extended the pattern of giving he had established while he was alive.
- Greg's favorite charity, Doernbecher Children's Hospital Foundation, received $1 million.
- Greg's estate took advantage of the unlimited charitable deduction.
- Greg's estate saved $350,000 in federal estate taxes.
We Can Help
To learn more about supporting Doernbecher Children's Hospital Foundation in the future through a cash gift in your will or trust, contact Office of Gift Planning at Toll Free 800-800-9583 or 503-294.7101 or firstname.lastname@example.org.
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