You and your professional advisors can work together to build your personal
philanthropic plan. Here's how fellow supporters have made an impact through their acts of giving.
WILL - A Simple Way to Leave a Legacy
Work with your attorney to direct a specific asset, dollar amount or
percentage of your estate's value to a charitable organization through your
will. If you already have a will, you can complete a simple document called
a codicil to update your will with your wish to give to charity.
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Mr. and Mrs. Murphy Peele
A chaplain at Lexington Medical Center, Donna Peele met her husband
Murphy at a ministry retreat they were...
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Dr. Vasa and Mrs. Brenda Cate
Dr. Vasa and Brenda Cate both believe in helping people in need, especially those in the community they call home...
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LIFE INSURANCE - Naming the Foundation as a Beneficiary of Gifting a Policy
A gift of life insurance provides an opportunity for a larger gift with
less upfront cost. If you have a policy that is paid-in-full and no longer
needed, you can give the policy to the Lexington Medical Center Foundation
by transferring ownership of the policy. You may also add the Foundation as
a beneficiary of all or a percentage of an existing life insurance policy's
proceeds.
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The Honorable Katrina Shealy and Mr. Jimmy Shealy
South Carolina State Senator Katrina Shealy first got involved with the Foundation after her husband Jimmy served on...
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Brent and Heather Powers
As chief medical officer at Lexington Medical Center, Brent Powers, MD, has a unique perspective. He's a Foundation...
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NAMED BENEFICIARY - Giving the Right Gift to Charity and Your Heirs
Add the Foundation as a beneficiary on a certificate of deposit, brokerage
account, individual retirement account, 401(k), or other qualified
retirement account. This gift may provide estate and other tax benefits,
which may allow donors to give other types of tax-advantaged assets to
their heirs.* A final grant to a charitable beneficiary of your Donor
Advised Fund residual may also provide significant impact. Contact your
financial institution for guidance on how to update your account.
REAL ESTATE - Giving Real Estate or Creating a Life Estate
You can transfer ownership of real property such as a home, farm or
commercial property, to the Foundation and potentially receive a current
tax deduction for the value of the gift. You'll also remove the asset from
your estate while avoiding capital gains tax.*
A life estate is another method of donating real estate and receiving a tax
benefit now, while allowing you to retain use and enjoyment of the property
for life. This approach enables donors to remain in their home and take
advantage of a needed tax benefit in the year in which they establish the
life estate.
GIFTS THAT PAY INCOME - Receiving Income for Life, Reducing Taxes
Some gifts enable you to receive income and provide tax benefits now and in
the future.* A Charitable Gift Annuity can be created through a simple
agreement between a donor and a charity. You can give cash or other assets
to the Foundation, and receive a charitable deduction now and guaranteed
fixed payments for life.
A Charitable Remainder Trust works in a similar way, but the assets are
moved into a trust and invested for a period of time before the charity
receives the gift. The donor may receive income from the trust and elect to
benefit more than one organization. The donor may also maintain control of
the assets as trustee.
A Charitable Lead Trust works differently in that the trust makes payments
to benefit the charity during the term of the trust with the principal
going to heirs or beneficiaries - even back to the donor, at the end. This
allows the donor to control timing of when the principal is received.
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Dr. and Mrs. Charles H. Ham, Jr.
A lifetime of service, belief in the dignity of each life, desire to give
to others these values are born of faith in God...
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Bequests
Joe and Anna have been faithful supporters of our organization. They believe it is important to help further our mission.
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Fixed Income for Retirement
After working for decades as a pediatrician in a small town, Patricia is ready to retire.
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Tax-Free Sale
Howard and Lynn were both age 55 when they purchased some vacant land a few miles outside of town. They thought real estate would be a good investment that could be sold later for a profit.
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Capital Gains Tax Bypassed
Peter and Gail were nearing retirement. Over the years, with the help of their financial advisor, they made solid investments in securities and built a sizable portfolio.
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Peace of Mind Gift Annuity
Many years ago, Clara bought a home. Since she was very pleased with her home, she bought stock in the company that built the home.
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Endowment Gift
Pat and Shelly were recently married. They both had been dedicated volunteers at their favorite charity for many years.
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Sale and Unitrust
Gene and Carol purchased stock in a small medical service company several years ago. The company has done well.
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The Retirement Unitrust
Mary grew up on a farm. When her parents passed away, she and her husband Bill inherited the farm.
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Property Turns Into Income
Miranda lived in the family home where she and her spouse had raised their three children. After her spouse passed away, Miranda found it increasingly difficult to care for her property.
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Flexible Deferred Gift Annuity
Lewis is a 54-year-old executive at a large healthcare company. He purchased company stock during years when the stock price was low, and now the stock has grown substantially.
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Part Gift and Part Sale
Susan and Kevin bought a vacant lot along Lake Michigan many years ago. They had planned to build a second home so that their family could spend their summers along the lake.
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Current Gifts
As is the case with many families, there are times each year when Jim and Sharon focus their attention on gift giving.
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A Bequest to Further Good Work
Nancy and David were dedicated volunteers. Over the years, they had seen many individuals helped by the good work of their favorite charity.
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Deferred Gift Annuity
Several years ago, Larry and Allison invested $30,000 in what they believed to be an attractive stock.
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What Will You Do with Your Unspent Retirement Savings?
Michael and Kelly were retired engineers with two adult children. They owned a home, some stocks, and IRAs.
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Gift Annuity for Real Estate
Jonathan purchased his home many years ago for $80,000. The home is now worth $420,000. Jonathan wants to sell his home and buy a condo for $130,000.
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A Bequest to Save Taxes
Thomas was a widower who had a great love for our organization. As an individual who had directly benefited from our work, Thomas wanted to thank us with a gift from his estate.
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Leading for the Future
Luke and Cynthia spent many years volunteering and supporting their favorite charity. They wanted to give back in a way that would help fulfill its mission.
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Give it Twice Trust
While visiting her favorite charity's website, June came across the idea of a give it twice trust. She contacted the charity for more information.
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Providing for Our Children's Future
Ron and Kathy worked for many years building their nest egg for retirement.
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Bequest of Insurance
Marla and Wayne purchased a life insurance policy many years ago to create security for their children's future.
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Testamentary Charitable Remainder Unitrust: Have Your Cake and Eat it Too!
We have all heard the saying "You can't have your cake and eat it too." This phrase describes a situation where we want two good things at the same time when that isn't possible.
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