Planned Giving
Gifts that Provide You with an Annual Income:
Planned gift options are available which provide a long-term financial commitment to the Baltimore Washington Medical Center Foundation while providing you with an annual income. Several options for planned gifts exist and the Foundation will gladly work with any donor interested in planned giving. Examples of such gifts are:
Gift Annuities - Download a copy of the brochure here: page1 | page2
Deferred Gift Annuities
Charitable Remainder Trusts
When considering planned gifts to the Foundation, keep in mind the following benefits they provide:
Income for life to you and another person, such as your spouse;
Increased income if the life income plan produces a higher yield than the assets you contribute.
An immediate charitable tax income deduction for a portion of your gift.
Elimination of capital gains tax when appreciated assets are contributed.
Probable reduction of future estate taxes and probate cost.
Personal satisfaction of helping the Baltimore Washington Medical Center to provide for the health of our community.
Gifts You Can Arrange Now to be Received Over Time:
As part of your long-range financial planning, you may wish to know more about gifts that are received only after you and you loved ones no longer need the assets. The amount that individuals may leave to others free of estate tax has increased recently. In many cases this can make it possible to include charitable gifts as part of your estate plan, while heirs receive the same or more than they would have under prior law.
Bequests - Download a copy of the brochure here: page1 | page2
Life Insurance
Retirement Plan assets
Giving through your will, for example, can be a convenient way to leave a lasting legacy. After providing for your loved ones, you may decide to give a specific amount, a percentage of your estate, or all or part of what remains after family and/or friends have been remembered. A bequest can often be arranged with the simple addition of a codicil (amendment) to your existing will.
Giving through life insurance can allow you to make a gift of assets you no longer need to assure your economic security. If you will owe less in estate taxes, if loved ones no longer need the protection, or if you have life insurance policies that have otherwise outlived their original purposes, consider making a charitable gift of their accumulated value.
Giving through retirement plans is gaining in popularity. In the event that you may have one or more retirement plans, you may be interested in charitable planning alternatives. If you are over 59 1/2 and find that you have more than adequate resources set aside for retirement, it may be wise to use a portion of those funds to make charitable gifts.
Your gift may be designated to benefit a particular project, program or department that reflects your personal or professional interests.
If you would like additional information regarding planned giving to the Baltimore Washington Medical Center Foundation please contact Heather Buck, MGO (Major Gifts Officer) at
410-553-8559, or speak with your financial advisor.
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