Legacy giving is a unique giving opportunity for donors who include Yolo Hospice in their estate plans—whether by will, trust, insurance, or life income arrangement. Legacy giving can fulfill immediate needs or be given as endowments to ensure Yolo Hospice services continue to meet the needs of future generations. This is an opportunity for our donors to create their own legacies.
Examples of legacy giving include:
- A bequest which specifies an amount of money, property, or percentage of the donor’s estate.
- A contingent bequest which allows Yolo Hospice to receive distribution from the estate if one or more of the named beneficiaries does not survive the donor.
- A lifetime charitable trust which can save both income and estate taxes for the donor.
- A charitable gift annuity which allows the donor to receive life income in exchange for a gift of cash, stock or other property of value.
The infographic below will give you an idea of the variety of legacy giving options you have during the many stages of life.
“Planned gifts make use of legal and tax strategies and/or financial products requiring donors to turn to professionals for assistance. In contrast, charitable donation made from a person’s cash flow is not defined as a planned gift.” (Forbes)
Our current board President, supporter (and former Executive Director) Keith Volkerts shares why he supports giving local to Yolo Hospice.
Most legacy gift options require consultation with the donor’s personal legal and financial advisors. Please contact Director of Community Development, Louise Joyce, at 530-758-5566 to discuss legacy gifts.
The information provided here is not offered as legal or tax advice.