Planned Giving
What Is Planned Giving?
Planned giving is exactly what it sounds like: creating a structured way to support Webster Comfort Care Home through a future or long-term gift.
The simplest form of planned giving is a bequest included in your will. However, there are many options available for making a meaningful contribution. Some planned gifts are made over time, some provide lifetime income to the donor, and others use estate and tax planning strategies to benefit both Webster Comfort Care Home and your heirs while maximizing the impact of your gift.
Planned giving allows you to support compassionate end-of-life care in our community while aligning your generosity with your financial and estate plans.
Types of Planned Gifts
Many different types of assets may be used to create a planned gift, including stocks, real estate, artwork, life insurance policies, retirement accounts, and other personal property. Webster Comfort Care Home has established guidelines regarding which assets our organization is able to accept and manage.
Some types of gifts — such as charitable trusts or charitable gift annuities — may provide lifelong income or other financial benefits to the donor. Other gifts, such as bequests made through your will or beneficiary designations, allow you to make a meaningful contribution in the future.
The benefits of planned giving can make this type of philanthropy especially appealing for you, your family, and Webster Comfort Care Home.
Potential Tax Benefits of Planned Gifts
Planned gifts may provide significant tax advantages depending on the structure of the gift. For example:
Donors who contribute appreciated property, such as securities or real estate, may receive a charitable deduction for the full fair market value of the asset and avoid paying capital gains tax on the transfer.
Individuals who establish a life-income gift may receive a current tax deduction based on the value of the donated assets, minus the present value of the income retained.
Gifts that are transferred to a charity after the donor’s death — such as through a will, retirement account designation, or life insurance policy — are typically exempt from estate tax.
Common Planned Giving Options
Bequest in a Will
A bequest allows you to designate a gift to Webster Comfort Care Home in your will or estate plan. This type of gift is flexible and can be structured in several ways depending on your wishes.
Life Insurance
You may donate an existing life insurance policy or name Webster Comfort Care Home as a beneficiary of your policy.
Retirement Accounts
You can name Webster Comfort Care Home as a beneficiary of your qualified retirement account. Donors over age 70½ may also choose to make Qualified Charitable Distributions (QCDs) directly from their retirement accounts to support the Home.
Charitable Gift Annuities and Charitable Trusts
In exchange for a contribution of cash, securities, or other assets, you may receive regular income payments for life or for a specified period, along with certain tax benefits depending on the structure of the gift.
Your tax advisor, financial advisor, or attorney can help determine which type of planned gift best aligns with your personal and financial goals.
