Legacy Gifts: Estate, Deferred and Life Income Gifts
A legacy gift can be an expression of gratitude for exceptional care and is given as a commitment today that will provide funding for community health needs in the future.
We can work with you and your estate planning professional to help you identify areas where your gift can make the most impact. To learn more about how to expand your gift through planned giving opportunities, including bequests, please call 336-832-9452.
Estate and deferred gifts
These gifts are made primarily through a will. In addition, gifts directed through a life insurance policy or retirement plan are often the simplest and most tax efficient way of making a planned gift. Such gifts don’t require a witness or an attorney, don’t affect your current income and are completely revocable. You can specify a designation in percentage amounts. All that is required is a signed beneficiary designation form provided to the custodian of your retirement account or life insurance policy.
Life income gifts
These are irrevocable gifts funded with cash, securities or other appreciated assets, such as real estate, that are gifted in exchange for an income stream for life or for a fixed number of years. At the termination of the contract, the remainder of the gift is distributed to Cone Health, the designated beneficiary. Life income gifts include charitable gift annuities and charitable remainder trusts.
Declaration of Legacy Gift Intent