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Estate and planned gifts

Estate and planned gifts

Bequests

A bequest can be a specific dollar amount, a percentage of your estate, or a specific asset(s) given to Shriners for Children Medical Center in support of its various programs and endeavors after your lifetime. A bequest may also be a gift of the remaining assets of your estate.

Bequests leave a legacy by providing life-changing treatment to children for years to come. They may also reduce or eliminate estate tax. Make a gift through a will, trust or retirement plan while maintaining control during your lifetime.

To receive sample bequest wording, please call our development office at 626-389-9561.

Charitable gift annuity

The charitable gift annuity (CGA) is a simple agreement between you and Shriners for Children Medical Center and provides you with guaranteed income for life. You donate cash, stock, or real estate directly to the Shriners for Children Medical Center in return for a promise to pay a fixed amount to you during your lifetime. The payout rate is determined based on your age at the time of the gift and when payments are to begin. The older the beneficiary, the higher the rate.

The payments are fixed and backed by the general assets of Shriners Hospitals for Children. CGAs begin at $5,000 and may be funded, in some instances, with appreciated assets. The rate is proposed with the intention that this charity will retain approximately 50 percent of the donor’s original gift. Payments are usually made on an annual, quarterly or monthly basis.

Life estate agreement

The life estate is a simple agreement between you and Shriners for Children Medical Center. You retain control and the use of your home for your life, and deed the remaining interest in your property to the Shriners for Children Medical Center. By transferring the remaining interest in your home to and retaining the life estate, you can lower your income taxes while retaining control and use of your home.

The donated property does not have to be a principal residence, which means the donor’s vacation; farm or other home may be used in making the gift.

Charitable remainder trust

The charitable remainder trust (CRT) is a highly flexible vehicle. You donate highly appreciated stock or real estate to a CRT and the asset is sold without the recognition of capital gain taxes, thereby increasing the amount of funds available for future investment and growth. The payout rate is flexible based upon the amount of income you need.

The use of CRTs has become an increasingly popular way to make a generous charitable contribution, receive tax savings and generate income for you and your family.

To learn more about giving programs, please contact:

Aaron Hanson
Director of Development
Email
626-389-9566

   
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