Planned Giving
A legacy gift made with planning and forethought will provide future funding for healthy communities served by Cone Health as well as provide financial benefits for the donor and/or the donor’s family. A legacy gift can be an expression of gratitude for exceptional care received or experienced, and given as a commitment today that will provide funding for community health needs in the future.
Legacy Gifts
Legacy gifts generally come in three different forms:
Current Gifts
These include cash, appreciated securities, gifts from a Donor Advised Fund or other appreciated assets that can be directed toward a new or existing endowment to be used in perpetuity. The opportunity to establish a named endowment begins at $50,000.
Estate or Deferred Gifts
These are primarily gifts made through a will. Gifts directed through a life insurance policy or retirement plan are often the simplest and most tax efficient way of making a planned gift. It doesn’t require a witness or an attorney, it doesn’t affect your current income, it’s completely revocable and you can specify 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
This is an irrevocable gift funded with cash, securities or other appreciated assets, such as real estate, given in exchange for an income stream for life or for a fixed number of years. The remainder of the gift would be distributed to Cone Health at the termination of the contract. Life income gifts include Charitable Gift Annuities or Charitable Remainder Trusts.
Our Planned Giving team is here to assist you in reviewing your planned giving options, to work with you and your estate planning professional and help you identify specific areas of impact you would like your legacy gift to make.
Resources for download:
Legacy Leadership Circle
Our new Legacy Leadership Circle is a group composed of donors who have generously declared their intent to include Cone Health in their estate plans. Donors who establish a legacy gift in 2018 will be named Charter Members of the Legacy Leadership Circle.
Legacy Leadership Circle members not only receive special recognition for their thoughtful gifts, they’re also included in exclusive events and educational opportunities throughout the year as a thank you for their willingness to make a legacy gift to Cone Health.
We hope you’ll contact us so we can partner with you in setting up a donation that extends beyond your lifetime, supporting our facilities, services, programs and future initiatives.
To become a member of the Legacy Leadership Circle, please let us know of your legacy gift intent by completing the Declaration of Legacy Gift Intent Form [PDF]. Learn more about the benefits of membership on our Legacy Leadership Circle Fact Card [PDF].
