Planned Giving

MAKE A PLANNED GIFT

Planned gifts are important to any organization focused on securing its future. And, donors can often make more significant gifts to their favorite charities while improving upon their tax situations and using accumulated assets they may no longer need. These kinds of gifts may be structured through a variety of vehicles, including bequests in wills, the creation of various types of charitable trusts, assignment of life insurance or retirement benefits, and creation of income-producing vehicels such as gift annuities.

Planned Giving at The Foundation for Mount Nittany Medical Center combines charitable giving with responsibility to loved ones and prudent financial planning. The Foundation for Mount Nittany Medical Center will work with you and your advisors to help you accomplish your goals through Planned Giving. You will be able to provide assistance for others (the charitable gift part), while taking care of family members (the personal part), all the while, minimizing your taxes (the common sense part).

A simple bequest

"I give/bequeath the sum of $[####.##] to The Foundation for Mount Nittany Medical Center." or "I give/bequeath [##]% of my residual estate to The Foundation for Mount Nittany Medical Center."

In either case, if you wish, you can add a line about how you would like your eventual donation to be used, determined after consultation with The Foundation for Mount Nittany Medical Center staff.

A simple codicil

If your will is already written, a simple codicil (or amendment), using language similar to what appears above, is all that’s needed, such as: "This is a codicil to my will dated       . In addition to the provisions in that document, I also wish to leave the sum of $ (or __% of my residual estate) to The Foundation for Mount Nittany Medical Center."

Named beneficiary of an insurance policy, IRA or 401K

A relatively easy way to assist The Foundation for Mount Nittany Medical Center is to name us as the beneficiary of a life insurance policy or a retirement plan, such as a 401K. Very often, these policies are initially taken out for specific reasons that no longer exist (to protect young children or to pay for college). By naming The Foundation for Mount Nittany Medical Center as a new or partial beneficiary, you will be accomplishing a great deal of good and, quite possibly also obtain tax benefits, since these assets are subject to both income tax and estate tax if left to children or grandchildren (please consult a qualified financial professional/advisor for details)