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You can provide for Hospice By The Bay by making a planned gift and thereby possibly achieving savings on income and estate taxes at the same time.
“I used to think that providing for a good cause like Hospice
By The Bay Foundation in an estate plan was only for people without
children, or billionaires – or that it was complicated
and time-consuming. But I learned that no matter what size your
estate, there are simple, easy ways you can benefit an organization
you care about and help reduce the tax burden on your loved ones
at the same time.”
Hospice By The Bay Foundation and Your Estate Plan
Frequently Asked Questions
Q. Why does the Hospice By The Bay Foundation need planned gifts?
Here are four specific ways your planned gift can be put to use:
- To support Hospice patient care: Your bequest will bring relief from pain, along with psychological and spiritual comfort, to Hospice patients;
- To provide bereavement counseling: Your bequest will support counseling crucial to the mental and physical health of the patient’s family members.
- To comfort bereaved children: Your bequest will allow specially trained staff to address the emotional and practical needs of bereaved children.
- To train and retain skilled staff: Your bequest will allow Hospice to recruit, train and properly compensate the skilled, dedicated and resilient workers needed to work daily with the dying and their families.
Planned gifts make a difference. Charitable bequests accounted for an increasing percentage of Hospice By The Bay revenue during its first twenty-five years. Some bequests supported immediate services to the terminally ill. One bequest provided office space for staff, freeing funds for direct service that would otherwise have been needed for mortgage payments. Other bequests helped create an operating reserve that sustains programs for care for the dying and their families and supports the agency’s bereavement program. To discuss how you want your bequest applied, call the Foundation at (415) 526-5500.
Q. How do I write a bequest to Hospice By The Bay?
The most common way people remember the Hospice By The Bay Foundation in a will or living trust is through a charitable bequest. You do not have to rewrite your current documents. You simply add an amendment, called a codicil, to your will or living trust. Here is some suggested language you can have your attorney review:
TO USE IN YOUR WILL OR LIVING TRUST
IN CONSULTATION WITH YOUR ATTORNEY
I give devise and bequeath to the Hospice By The Bay Foundation (tax I.D. 23-7425536), located in Larkspur, California, the sum of _____________________________ dollars ($ _______________) OR _______________________percent (__________ %) of the rest, residue and remainder of my estate OR the following described property:
________________________________________________
________________________________________________
Your bequest is entirely under your control during life and becomes irrevocable only at death. If you have questions about bequests, call the Foundation (415) 526-5500.
Q. I need to write a Will. Can the Hospice By The Bay Foundation help me?
Yes. Just ask for our free estate planning kit. The Kit includes:
- A readable but authoritative introduction to wills, living trusts and basic estate planning;
- An Estate Planning Inventory Form to help you get a clearer notion on the worth of your estate;
- Information on how to remember the Hospice By The Bay Foundation in your estate plan.
Effective estate planning usually takes time, effort and a good attorney. In the end your plan will allow your family to avoid the delay, dissension and needless expense that often occurs when a loved one dies without a Will. Once you have taken care of your family's needs, please consider a thoughtful bequest to the Hospice By The Bay Foundation.
To order your estate planning kit, call the Foundation at (415) 526-5500.
If you’re considering a planned gift
to the Foundation, we hope this will help you think about the
many options available. Please feel free to contact
us to discuss
your situation and giving interests.
“The hospice people who cared for my wife and family
were so fantastic, I can’t do enough to thank them. That’s
why I funded a charitable gift annuity with Hospice By The Bay Foundation. It makes perfect sense—they use the donation
to support the hospice and help provide great care for families
in financial need, while I have an income for life, special
tax advantages, and the great feeling of knowing that others
are getting the same wonderful care that our family did.”
“I was so grateful to Hospice By The Bay for taking care
of my dad and all of our family, I had planned on leaving the
Foundation a bequest in my will so that families without means
to pay could have the same great experience. But when I found
I could establish a fund immediately with payments spread over
a period of years, I decided it would be very satisfying to
be able to ‘see’ the impact of my gift. Now it
feels wonderful to wake up each morning knowing that I am a
part of this terrific organization.”
“Choosing which charities to include
in your estate plans is a way to express who you are and
what your values are. I chose Hospice By The Bay Foundation
because they were there for my family when we needed them.
Not everyone has hospice as an option, and I wanted to give
people that option.”
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