Here for more than 100 years, Nyack Hospital is the dominant healthcare facility in Rockland County. It is woven into the fabric of our region, one of the threads that helps to secure our access to lifesaving people and services. A planned gift will ensure that the resources of Nyack Hospital are available for future generations.
We’ve compiled some planning strategies as well as a chart on pages two and three to help summarize the benefits of some of the types of charitable gifts. Think of what you want to accomplish with your gift, and there’s probably a way to do it!
Thank you for considering a gift to support the foundation and the 1895 Legacy Society of Nyack Hospital. We know that if you make a contribution, it will be because you believe in what we do, and because you want to help make a difference in the lives of others. But we’d also like to make sure you benefit from making a gift to us. You may be surprised to learn that some of the best gift plans also improve the donor’s financial and tax situation.
YOUR GIVING OPTIONS
The most common donations are outright gifts, such as cash, check, or gifts of securities. But many times, people want to hold onto their money and other assets for now, just to be sure they can meet their family’s future financial needs. These people are usually delighted to learn that we have excellent alternatives that allow them to still make a gift. One of these options could be right for you, too.
They’re known as “planned” gifts. They can be revocable—a charitable bequest in your will, for example—so that you can change your mind at any time. Or, they can be irrevocable—just as outright gifts are—so that you benefit from an immediate income tax deduction.
The attraction of the irrevocable planned gifts is that they are deferred. You part with an asset today, but the actual giving of the asset to us is put off for a while—often until after your lifetime (and that of a beneficiary, if you wish). Until that time, you receive benefits from the gift.
For example, with a charitable remainder trust, you receive lifetime income from the asset after it’s placed in a trust, and then we receive the remainder of the trust after you die. Or, you could deed us a remainder interest in your home and still retain the right to live in it for life. The key feature of planned gifts like these is that they provide important benefits to the donor, as well as the charitable organization.
Choosing the plan that works best for you.
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Planned Giving