As we approach the end of the calendar year, many of us heed the advice of our tax professional in making contributions to our favorite charitable organizations.
While this is an effective short-term strategy for leveraging the power of your gift, long-range planned giving provides additional tax advantages that kick into gear after the death of you or your spouse.
Planned giving gives you the opportunity to leave a generous financial legacy by listing Saint Francis Foundation as the beneficiary for all or a portion of significant assets such as life insurance policies, individual retirement accounts (IRAs) and other resources.
The conversations that accompany planned giving can be difficult, since by definition they involve end-of-life scenarios. However, the tax advantages that go along with these strategies provide significant benefits for family members and the organizations who remain.
Saint Francis Foundation assists donors in gaining a better understanding of the complex laws involved with planned giving. We will be offering a series of seminars on the topic in 2016 that cover tax law changes and how to avoid the pitfalls of failing to plan.
The seminars will give the information you need to start conversations aimed at protecting your assets, preparing for the future and leaving more for family and charitable organizations.
If you are considering making a charitable gift to the Foundation or any other charity, please let the organization know about it. That way we can thank you for your generosity and keep you informed about the advances and good works that happen every day at Saint Francis Medical Center.
For more information about planned giving, please contact the Foundation office at 573-331-5133.