Leave A Legacy

A legacy, or planned gift, provides future support to those in need who come after us and ensures Washington County Hospital and Clinics is able to continue to do good work for future generations.

IRA Charitable Rollover. If you are 70½ years old or older, you can take advantage of a simple way to benefit the WCH|Foundation and receive tax benefits in return. You can give any amount up to $100,000 per year from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Bequests. The most popular planned gift is the simple charitable bequest, or making a gift in your will. When you make a charitable bequest, you retain full use of your property during life, so there is no disruption of lifestyle and no immediate out-of-pocket costs. Bequests can take many forms including cash, specific property, or a percentage of your estate, with or without restrictions.

Charitable Remainder Trusts. This kind of trust enables donors to make a future gift after providing for themselves and their families. The donor establishes a trust to provide income to beneficiaries with the provision that the principal remaining in the trust is to go to the designated charity after the death of the last beneficiary.

Life Insurance. When the added protection of an insurance policy is no longer needed, transferring the policy’s ownership to the WCH|Foundation can result in tax benefits for you and a generous gift for the foundation. You can also include the Foundation as a beneficiary, contingent beneficiary, or owner of a new or existing policy.

Retirement Funds. For those who may have significant retirement assets, potential estate, and income taxes on any part of those assets that might still be in one’s estate at death may be avoided by making the WCH Foundation the beneficiary of any unused plan assets.

Marketable Securities. These are often individual stocks but may be bonds or shares of mutual funds. Outright gifts of securities can be made quickly and easily and can enable donors the ability to do more with their gifts because of tax benefits.

To navigate and understand all options of legacy gifts, we recommend donors consult with their financial advisor or lawyer.