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Discover the benefits of planned giving

planned givingDid you know there are creative ways to support Geisinger Health System Foundation - Ways in which Geisinger Foundation, you, and your loved ones all benefit at the same time? Such giving techniques are called "planned gifts" because, with thoughtful planning, you create win-win giving strategies for you and Geisinger Foundation. For example:

  • You can make a gift that costs nothing during your lifetime.
  • You can give stock and realize larger tax savings.
  • You can get monthly income for life in return for your gift.
  • You can donate your home, continue to live there, and get a tax break all at the same time.

Goal - Strategy - Benefit

There are many ways to plan a gift to Geisinger Foundation that optimize your charitable and financial strategies, and provide for the well-being of your family and their legacy, at the same time. We will be happy to meet with you, as well as your financial advisors, to discuss your goals and objectives and identify the best giving approach for you.

Gifts that cost nothing: Gifts from your will or trust

The process is easy

  • Include a bequest to Geisinger Health System Foundation in your will or trust.
  • Make your bequest unrestricted or direct it to a specific fund or purpose.
  • Indicate a specific amount or a percentage of the balance remaining in your estate or trust.

The benefits are significant

  • Your assets remain in your control during your lifetime.
  • You can modify your gift to address changing circumstances.
  • You can direct your gift to a particular purpose (check with us to make sure your gift can be used as intended).
  • Under current tax law, there is no upper limit on the estate tax deduction for charitable bequests.

Learn more about gifts anyone can afford

  • Bequest
    • Include a bequest to Geisinger Foundation in your will or trust. You maintain control of your assets during your lifetime and can modify bequest details in response to changing family needs or tax implications.
  • Life insurance
    • Transfer ownership of a paid-up life insurance policy to Geisinger Foundation; receive an income tax deduction and, in some cases, use the policy cash value to fund a life-income gift, such as a deferred gift annuity.
  • Retirement plan
    • Name Geisinger Foundation as a beneficiary of your IRS, 401(k), or other qualified requirement plan. Avoid potential double taxation of retirement savings if designated to your heirs, and maintain the flexibility of changing beneficiaries if your family's needs change during your lifetime.

Gifts of Stock and appreciated assets

planned givingThe process is easy

  • You transfer appreciated stocks, bond, or mutual fund shares you have owned for more than one year to Geisinger Health System Foundation.
  • Geisinger Foundation sells your securities and uses the proceeds to underwrite costs of programs, services, or capital projects.

The benefits are significant

  • You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid.
  • You pay no capital gains tax on the transfer when the stock is sold.
  • Giving appreciated stock may be more beneficial than giving cash.

Get a monthly income: charitable gift annuity or charitable remainder trust

The process is easy

  • You transfer cash or securities to Geisinger Foundation. Our suggested minimum gift requirement is $5,000.
  • Geisinger Foundation pays you, yourself and a spouse, or any two beneficiaries you name, a fixed income for life.
  • Beneficiaries are recommended to be at least 60 years of age at the time of the gift.
  • The remaining balance will be applied by Geisinger Foundation to the purpose or fund you stipulated when you signed the annuity contract.
  • Are you a younger donor? If so, give us a call to discuss the option of a deferred gift annuity.

The benefits are significant

  • Your beneficiaries receive dependable, fixed income for life in return for the gift.
  • You can modify your gift to address changing circumstances.
  • In many cases, income payments are at a rate higher than the interest you would otherwise receive from stocks, CDs, or savings accounts.
  • You receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free.

Donate your house: Retained life estate

The process is easy

  • You transfer the title to your residence, farm, or vacation home to Geisinger Foundation and live there for the rest of your life.
  • Continue to live in the property for life or a specified number of years, and continue to be responsible for all taxes and upkeep.
  • The property passes to Geisinger Foundation when your life estate ends.

The benefits are significant

  • You can give a significant asset, but retain the security of using it for the rest of your life.
  • You can receive an immediate income tax deduction for a portion of the appraised value of your property.
  • You can terminate your life estate at any time and may receive an additional income tax deduction, or you and Geisinger Foundation may jointly decide to sell the property and prorate the proceeds.

Learn more about gifts that protect your assets

  • Charitable Bargain Sale
  • Charitable Lead Trust
  • Retained Life Estate

For professional advisors

Feel free to contact us directly for information or assistance on a confidential basis.
Legal Name: Geisinger Health System Foundation
Tax ID Number: 23-199-5911
Incorporated in: Danville, PA

Contact us

planned givingPlanning your estate for future generations, including your charitable interests, takes careful evaluation.

We can help by providing valuable information about any of the creative giving techniques mentioned here. We can help you align long-term charitable goals with the best possible giving strategy, and work with your financial and tax advisors to make the process effortless, protect your family's financial future, and ensure that your gift is used just as you wish.

I look forward to talking with you and answering any questions you may have.

Nancy Lawton

Associate Vice President
Office of Resource Development
Geisinger Health System Foundation
100 N. Academy Avenue
Danville, PA 17822-2576

Phone: (570) 271-6284
Fax: (570) 214-2141
nglawton@geisinger.edu


Disclaimer

The material presented on Geisinger Health System Foundation planned giving web pages is not offered as legal or tax advice.

Neither the author, the publisher, nor Geisinger Health System Foundation (Geisinger, Geisinger Foundation, or GHSF), is engaged in legal or tax advisory service.

The services of an attorney or other professional advisor should be obtained for assistance with specific cases, or to determine whether a certain contemplated gift fits well within your overall circumstances and planned giving objectives.

The purpose of this online resource is only to provide general gift, estate, and financial planning information when considering a gift to Geisinger Foundation. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.

We do not collect or store any sensitive information through this website. When you send us an E-mail, remember that, like any other E-mail communication, it is not secure. You should, therefore, refrain from sending sensitive data such as social security numbers, credit card numbers, bank routing numbers, and the like via E-mail.

Contact Us for help connecting with a qualified advisor.

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Phone: 570-271-6461