Charitable Gift Annuities allow you to make a sizable donation while receiving lifetime payments (a guaranteed, fixed-dollar amount) for you and/or your spouse or other beneficiary. Gift rate and tax savings vary for each individual, depending on age and the number of beneficiaries.

Deferred Charitable Gift Annuities are similar to charitable gift annuities in that they provide a guaranteed, fixed-dollar payment that will continue the remainder of your life. However, they differ in regards to the onset of payment. Whereas a charitable gift annuity provides immediate payment, the deferred annuity begins on a date predetermined by the donor and agreed upon by both parties.

A Charitable Remainder Trust enables you to make a significant gift to Blue Ridge Regional Hospital Foundation (BRRHF) while providing an income for you and/or your beneficiary. Cash, securities or properties are irrevocably transferred to a trust that will provide an income to you and/or a named beneficiary during your life. When benefits end, the remaining property is distributed to BRRHF or another organization of your choice.

Charitable Remainder Trusts offer donors two disbursement plans:

• An Annuity Trust provides a set specific dollar amount.
• A Unitrust income is based on a fixed rate applied to the market value of your assets in the trust.

A Revocable Living Trust allows a trust company to help you manage your investments during your lifetime. You receive a net income, and you reserve the right to add to or take out principal (money you have put in the pot) and to change or break the trust. They can even pay your bills for you. After your death, it can continue for your spouse or other family members. Ultimately, the remainder can be distributed to your children, other individuals or the charities that you have designated.

The information provided serves to inform you of the variety of options available for planned giving. Please consult with your attorney or other financial advisor to evaluate each option and choose the plan that will meet your individual needs. If you wish to be referred to a financial advisor, please call (828) 766-1750 or email cheryl.craigie@msj.org.