One of the easiest gifts you can make is to name the VNA & Hospice Foundation as a beneficiary of one of your assets, such as your retirement plan, life insurance policy or estate plans (bequest).
If you have your estate plans already set up, it is good to review them at least every 10 years to make sure things haven’t changed. This is also a great time to consider adding the VNA & Hospice Foundation as a beneficiary. If you don’t have one set up, we can provide you with a list of estate planning attorneys that could assist you.
Retirement plans and life insurance policies are a popular way to give because you can set it up by yourself in five minutes or less. There’s no need to use an attorney to arrange for this type of gift.
The Secure Act’s 10-year rule has made naming a charity more attractive because the charity will not owe income tax when selling the inherited holdings. If a family member or heir is left as the beneficiary, they will owe tax on distributions and will need to deplete the accounts within 10 years.
The steps are simple:
- Contact your retirement plan administrator or life insurance company and request a change of beneficiary form or download a form online.
- Decide what percentage of the account you wish to give and name the VNA & Hospice Foundation, along with the percentage, on the form.
- Sign and return the form to your plan administrator or insurance company.
- Tell us about your gift! We would be honored to welcome you as a member of our Nightingale Legacy Society!
YOUR SUPPORT MATTERS
No matter the size, your gift makes a meaningful difference to the patients and families served by the VNA & Hospice Foundation. Contact Maurika Reed at (772) 978- 5574 or Mreed@vnatc.com to learn more about giving a gift that doesn’t cost you anything today. If you’ve already made a gift, please let us know so that we can thank you for your generosity and welcome you as a member of our Nightingale Legacy Society.
The Visiting Nurse Association & Hospice Foundation (Tax ID# 59-2804739) is a non-profit organization created to receive and administer funds to support the mission of the VNA of the Treasure Coast.
Key benefit: Beneficiary designations offer built in peace of mind. Your current budget isn’t affected because the gift is completed after your lifetime, and you can make changes at any time.
