Gifts through your will or trust can be of a particular item, dollar amount, or a percentage of your estate. They can be contingent (passing to the medical center only if another beneficiary dies before you) or in trust, providing income to your spouse or children before passing for the medical center’s benefit. It is easy to include GRMC in your estate plan by adding a simple codicil to an existing will or by including language in a will you are currently having drafted. Ask your tax or investment advisor for more information or schedule a free consult with GRMC’s planned giving consultant. 
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Invest in an annuity that provides you a tax deduction and provides interest income for the rest of your life. An annuity is funded with cash or stock that is exchanged for the organization’s promise to pay the annuitant(s) income for life.  At the death of the last annuitant, the remainder goes to the nonprofit. Ask your tax or investment advisor for more information or schedule a free consult with GRMC’s planned giving consultant. 
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In this type of agreement, the donor gives cash or valuable assets that are placed in a trust and invested to provide income. In a Charitable Remainder Unitrust, the income is based on a percentage of the value of the assets in the trust. A Charitable Remainder Annuity Trust provides a fixed income as determined when the trust is established. In both cases, the assets remaining in the trust revert to the charity on the death of the donor (or an income beneficiary, if established). This type of gift is often used to convert highly appreciated assets, such as real estate or securities, that provide little or no current income into a higher income for life. Ask your tax or investment advisor for more information or schedule a free consult with GRMC’s planned giving consultant. 
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This is often referred to as the opposite of a Charitable Remainder Trust. The income from the trust goes to the charity and the assets revert back to the donor or a designated beneficiary after a specified period of time. The organization receives cash annually to use in its operations and the donor can pass the assets on to his or her heirs at a favorable tax basis. Ask your tax or investment advisor for more information or schedule a free consult with GRMC’s planned giving consultant. 
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A bargain sale occurs when a donor sells property to a nonprofit organization for less than the property’s fair market value. The amount of fair market value over the sales price is the donor’s charitable contribution, which may be reduced by allocation of tax basis and reduction rules relating to unrealized gain. Almost any type of asset may be sold in a bargain sale depending on the cash available for purchase and the suitability of the asset. Ask your tax or investment advisor for more information or to schedule a free consult with GRMC’s planned giving consultant. 
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Because retirement funds passing through an estate can be subject to both income and estate taxes, a significant portion of your retirement funds may be taxed away from your heirs. For this reason, under the current tax laws, retirement funds such as IRAs and 401K plans, are considered among the best to donate. Should you wish to make a contribution of all or a part of your retirement funds, you can do so by designating GRMC as a beneficiary in your retirement plan account. Ask your tax or investment advisor for more information or schedule a free consult with GRMC’s planned giving consultant.
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If you own a life insurance policy that is no longer needed, consider it a perfect vehicle for a charitable gift. You can name GRMC as the beneficiary of a policy on your life insurance or contribute an old policy that you no longer need. You can also name the medical center as the co-beneficiary or contingent beneficiary of your life insurance. Another idea may be to transfer actual ownership of the policy to GRMC, or buy a new policy for the medical center. Such a gift would entitle you to an income tax deduction and future premium payment would be tax deductible. When you use a life insurance policy to make a charitable gift, it is as simple as completing a new beneficiary form naming GRMC as a beneficiary. For more information schedule a free consult with GRMC’s planned giving consultant.
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Ask your account manager how savings and checking accounts, C.D.s, or other financial accounts can be made payable to GRMC upon your death. Consider a trust or savings bonds. You could also include GRMC as a beneficiary of your revocable living trust. U.S. savings bonds are a wonderful way to give to GRMC because such a bequest saves income taxes as well as federal estate taxes. The owner of a bond must get the bond re-issued (re-registered) in the charity’s name. For more information or to schedule a free consult with GRMC’s planned giving consultant. 
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Depending on the circumstances that are involved, gifts of real estate can be an effective means of planning a gift. Much of the individual wealth in America is invested in real estate. While the first thought often is a home or farm, real estate also can involve a vacation or second home, an apartment or commercial building, a shopping center, or undeveloped land. Many ways exist to donate property. It can be an outright gift, a retained life estate, or placed in a trust (such as a charitable remainder trust below). For more information please schedule a free consult with GRMC’s planned giving consultant. 
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