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Planned Giving Society Tax Tip


The Planned Giving Society is a group of individuals who have indicated that they have made a deferred gift to Salinas Valley Memorial Hospital Foundation in the amount of $10,000 or more through their wills, life insurance or other estate planning vehicles.

Members of the Planned Giving Society will be recognized in a special donor area in the hospital’s regional Heart Center. 

Through effective planned gifts you can balance your personal financial goals, and your charitable interests while realizing significant tax benefits. Several types of planned gifts are available, ranging from a simple bequest in your will to various kinds of charitable trusts.

For example, you may have accumulated funds in an Individual Retirement Account (IRA) or other tax deferred funds, which are beyond your needs or potentially subject to the federal excise tax on over-funded retirement plans. It may be convenient and tax wise in such a case to make a current or future charitable gift from those accounts. Please check with your tax advisor or attorney to determine if this type of charitable gift meets your planning needs.  
 
To obtain more information about planned gifts or to be placed on our planned giving mailing list call Kendra Howell at (831) 755-0778.