Maryland’s Health Matters - Midtown - Fall 2017 - 15
The Power of Planned Giving
A charitable lead trust creates a win-win opportunity for both the donor
and the University of Maryland Medical Center Midtown Campus
Making a planned gift to the University
Bequests
are subject to income taxes and
of Maryland Medical Center (UMMC)
■ Outright gift providing the satisfaction
may also be subject to federal
Midtown Campus is a noble act that
of extending influence and interests
estate taxes for individuals who
conveys a strong commitment to the
beyond the donor's lifetime
inherit them
future of our institution and, most
■ May reduce or eliminate estate taxes
Charitable Gift Annuities Trust
importantly, our patients.
A planned gift can have a dual impact.
It can provide for you and your family
and, at the same time, secure a strong
future for our hospital. Your financial and
Appreciated Securities
■ Charitable income tax deduction for
full fair market value of the securities
■ Avoid capital gains taxes that
philanthropic goals can determine the
would have been due if the donor
type of planned gift that is best for you.
sold appreciated securities
Life Insurance
of assets to the UMMC Midtown Campus
■ May enable the donor to make
the remainder of the donor's lifetime.
When the period ends or the donor
income tax deduction for
a portion of the gift
■ Fixed income for the donor
and/or a second person for life
■ Income payments can begin
immediately or be delayed until
Through a charitable lead trust, for
example, a donor designates an amount
for an established period-typically over
■ Immediate charitable
a date chosen by the donor
■ When the gift annuity ends,
a larger gift than through a bequest
assets are used for a purpose
or cash donation
designated by the donor
■ Gift credit and an immediate income
dies, the remaining funds in the trust
tax deduction for the cash surrender
Charitable Remainder Unitrust
are returned to the donor or his or her
value of the policy
■ Immediate charitable income tax
deduction for a portion of the gift
beneficiaries. This type of trust allows
the donor to give to the University of
Real Estate
Maryland in the present, while ensur-
■ Income tax charitable deduction
ing that their loved ones are financially
cared for in the future.
A charitable lead trust offers appealing tax incentives as well. By donating
based on the full fair market value
of the property
■ Avoid capital gains taxes on the
appreciated portion of the value
■ Fixed or variable income for the
donor and/or another person
■ Specified term (generally the
donor's lifetime)
■ Income based on a payout rate
chosen by the donor
■ When the trust ends, assets
to the UMMC Midtown Campus through
a charitable lead trust, you can avoid
Retained Life Estate
are used for a purpose designated
paying gift or estate tax. Once the pay-
■ Donate property but retain the use
by the donor
ments to the University of Maryland
of the property (such as a residence
end, the assets left over in the trust are
or farm) during the benefactor's
transferred to the beneficiaries, typically
lifetime
at a much lower tax rate.
CREATING A LEGACY
In addition to a charitable lead trust,
there are many other planned giving
opportunities available to leave a lasting
legacy at our hospital. They include:
410-671-4348 or pcramp@comcast.net.
Retirement Plan Assets
■ Distributed directly to a
beneficiary who is named to
receive the plan assets
■ Extra tax savings from donation
of retirement plan assets, which
LEARN MORE
For more information about
planned giving and its benefits for the UMMC Midtown
Campus, please contact the
University of Maryland Medical
System Foundation at
410-328-5770.
umm.edu/midtown | Fall 2017
15
http://www.umm.edu/midtown
Table of Contents for the Digital Edition of Maryland’s Health Matters - Midtown - Fall 2017
In This Issue
Maryland’s Health Matters - Midtown - Fall 2017 - 1
Maryland’s Health Matters - Midtown - Fall 2017 - In This Issue
Maryland’s Health Matters - Midtown - Fall 2017 - 3
Maryland’s Health Matters - Midtown - Fall 2017 - 4
Maryland’s Health Matters - Midtown - Fall 2017 - 5
Maryland’s Health Matters - Midtown - Fall 2017 - 6
Maryland’s Health Matters - Midtown - Fall 2017 - 7
Maryland’s Health Matters - Midtown - Fall 2017 - 8
Maryland’s Health Matters - Midtown - Fall 2017 - 9
Maryland’s Health Matters - Midtown - Fall 2017 - 10
Maryland’s Health Matters - Midtown - Fall 2017 - 11
Maryland’s Health Matters - Midtown - Fall 2017 - 12
Maryland’s Health Matters - Midtown - Fall 2017 - 13
Maryland’s Health Matters - Midtown - Fall 2017 - 14
Maryland’s Health Matters - Midtown - Fall 2017 - 15
Maryland’s Health Matters - Midtown - Fall 2017 - 16
Maryland’s Health Matters - Midtown - Fall 2017 - 17
Maryland’s Health Matters - Midtown - Fall 2017 - 18
Maryland’s Health Matters - Midtown - Fall 2017 - 19
Maryland’s Health Matters - Midtown - Fall 2017 - 20
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