Legacy Giving

Leave a Legacy With Your Bequest Today.

Using a variety of legal tools and sound planning, you can guarantee future funding for your local hospital here in Huntsville. It means you promise your children and their children the same access to advanced healthcare that you enjoy. It means you look beyond today to inspire others with your commitment to a bright tomorrow.

Legacy Giving and a gift of assets in your estate declares you as part of Huntsville Hospital Foundation’s Legacy Circle. And that means the world to us and everyone who lives and visits here. If the Huntsville Hospital Foundation is in your will, we would love to celebrate you, include you in the benefits of the Legacy Circle and recognize the impact you make to support Huntsville Hospital with a gift and recognition. If you would like to learn more about legacy giving at Huntsville Hospital Foundation, please click here for our pamphlet or scroll below for more planning tools and the contact page.

Click here to read our current Legacy Newsletter

Legacy Giving Flexibility

After providing for your loved ones, there are many ways to include a Legacy Gift to Huntsville Hospital Foundation. Discuss what works best for you with your advisors to make legacy gift. It can be a percentage of your estate, a specific amount, or what’s left over after you’ve made specific directions for your loved ones. If you’re not planning to update your Will, that’s ok, you can simply include a codicil in your Will outlining your wishes. The Foundation team will provide support when and where required.

Disclaimer The Legacy Giving information on this website is provided for general information purposes only. It is not intended as a substitute for professional advice and assistance from your lawyer, financial advisor, or tax consultant. We recommend that you discuss your plans with your lawyer and/or financial advisor before proceeding with a legacy gift.

To explore the tax implications of your gift, try out our tax savings tool.

For answers to common legacy giving questions, download our legacy giving FAQs.

Legacy Giving Options

Gifts Through a Will

Bequeath a donation of property, assets and/or cash and a tax receipt will be issued to your estate for the market value of the bequest. Bequests can be specified amounts, percentages of an estate, or the residue after other commitments have been met. Read More

Gifts of Life Insurance

There are three ways to give through Life Insurance: 1. Donate an existing policy; The Foundation is made owner of the policy. 2. Purchase a new policy and transfer ownership; a tax receipt is issued annually to the donor for payments of premium. 3. Donate the proceeds of a policy; the donor retains ownership of policy and designates charity to receive some or all of the insurance proceeds. A tax receipt is issued to the estate for the proceeds paid to the charity upon the death of the donor. Proceeds are not subject to probate fees. Read More.

Gifts of Securities

A donation of securities is a cost-effective opportunity to make a difference for Huntsville Hospital. Donating publicly- traded securities eliminates the capital gains tax that becomes payable when selling securities on the market and in turn the proceeds are donated to Huntsville Hospital Foundation during your lifetime or as part of a legacy gift. Read More.

To transfer securities electronically, please complete this form, Charitable Donations Securities form and deliver to your broker and to the Foundation as well with your complete information for tax receipting. Click here for a sample Securities tax savings chart.

Gifts of Charitable Life Annuities

Transfer cash or marketable securities in exchange for a current income tax deduction and lifelong income. This donation method allows for an immediate gift to the Foundation, and the Foundation will in turn make fixed annual payments to you for life from the remaining funds. A minimum of $10,000 is required for a gift annuity.

Gifts of Charitable Remainder Trusts

Donate all or portions of your remaining trust assets to ensure that your gift is not subject to probate, estate taxes or possible challenges to your will. Entering into a trust agreement with the Foundation today provides income to you or your beneficiaries now and until the termination of the trust, and provides an immediate tax benefit. Read More.

Gifts of Real Estate

You can make a gift of real estate to the Foundation, either outright or as part of your estate, and receive a charitable tax receipt for the fair market value of the property. If the gift is a principal residence no capital gains will be triggered. The Gift of Residual Interest is another way of making a gift of property. You can donate the asset, which the Foundation will eventually receive as part of your estate, but still live in and enjoy it throughout your lifetime. Read More.

Gifts of RRSP or RRIF Accumulations

One key advantage of planned giving is that you can defer your gift. This gives you the opportunity of providing larger gifts, without impacting your existing finances or lifestyle. Naming the Foundation as the beneficiary for RRSPs (Registered Retirement Savings Plan) or RRIFs (Registered Retirement Income Funds) usually eliminates the tax on this investment. Upon death, the proceeds go to the Foundation and the Estate receives the tax credit. Read More.

Gifts of Endowment Funds

Establish an endowment fund to recognize an individual or group and create a living legacy to which your family and friends can also contribute. Donations to the endowment are invested, and the interest generated from this capital provides an ongoing source of income for the charity of your choice. Endowing funds is a popular way of memorializing or paying tribute to individuals. It also allows a donor to perpetuate their support after death to an area that was important to them.

Contact Us About Your Legacy Gift Today!

Legacy Giving

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