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Planned Giving
You can help others as you help yourself and your loved ones. You can enhance the home health care education services that VNSW provides to you, your family, friends and neighbors, while continuing to enrich your own life and that of your loved ones. How can you do both? You can make a charitable contribution to VNSW, balance your financial objectives and enjoy substantial tax benefits in the process. With planned giving, you can do a tremendous amount of good for others…and also do well for yourself, your family and your heirs. VNSW’s Planned Giving Programs provide significant financial and philanthropic benefit such as:
- Increased income now
- Reduced taxes now
- Reduced estate taxes, meaning more money later for your loved ones
- Opportunity to make a meaningful contribution to VNSW
Depending on your desires, needs and circumstances, numerous planned giving options are available. Planned giving may be accomplished with an ordinary bequest in a will or with one of a variety of charitable trusts. Planned giving allows you to enhance your current income and/or retirement income, while creating a current tax deduction and making provision for a future gift to VNSW.
Memorial Gifts
Any charitable gift to VNSW may be structured as a lasting tribute to a family member, friend or anyone else special in your life. VNSW's Planned Giving Office will be pleased to work closely and sensitively with you to help you select a meaningful commemoration for your gift.
Bequests
A bequest to VNSW can be made through your will or a codicil to it. The bequest may be a specific amount of money, a specific percentage of your estate or a specific property. Bequeathing assets to VNSW allows you to retain full control of your assets, to provide a legacy gift to VNSW, and possibly to reduce estate taxes.
For further information on bequests, wills and estate planning, contact our Planned Giving Office.
Our incorporated name is Visiting Nurse Services in Westchester, Inc.
Charitable Gifts of Appreciated Assets
You may give VNSW stocks and other of your assets which may have become significantly more valuable since you acquired them. Giving an appreciated asset as a charitable gift to VNSW allows you to retain cash for other applications while increasing the value of your gift. You may deduct the fair market value of qualified appreciated property and pay no capital gains tax on the asset included in the gift. This reduces the cost of your charitable gift or increases the amount you can afford to give.
Charitable Lead Trusts
Charitable lead trusts are "temporary" gifts that would allow you to provide income to VNSW for a period of years before eventually passing the income on to your heirs.
Charitable Remainder Trusts
If you require income, either current and/or for your retirement, a charitable remainder trust can provide this to you for life or for a term not exceeding twenty years. This allows you to earn a current income tax deduction and to continue to receive income from the asset. Making a gift to VNSW in this way not only allows you to avoid capital gains tax while enhancing your income, it may help you reduce or avoid estate taxes.
There are essentially two categories of charitable remainder trusts: unitrusts and annuity trusts. Your attorney can help you determine which is more beneficial in your particular circumstances.
Life Insurance Gifts
An easy and elegant way to make a substantial future gift is to name VNSW as the beneficiary of a life insurance policy, with VNSW designated to receive all or part of the proceeds. This may be done by changing the beneficiary of a policy no longer required for its original purpose, or establishing a new policy for the benefit of VNSW. Depending on how this type of gift is executed, and prevailing state law, there may be a significant tax benefit.
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E-mail for more info, or call (914) 682-1480 ext. 618
