Planned Giving

A Gift of Securities

Any donor who owns appreciated securities (held more than 12 months), can benefit in two ways by making a gift to Hope Hospice & Palliative Care Rhode Island.

First, you will be able to claim a charitable income-tax deduction for the full value of the shares. The deduction is limited to 30 percent of your adjusted gross income in the year of the gift. As with outright gifts of cash, any amount exceeding the contribution ceiling can be carried forward and deducted for up to five more years. Second, you will avoid the capital gains tax that would have been due if you sold the shares.

To make a gift of securities to Hope Hospice & Palliative Care Rhode Island, please feel free to contact the Philanthropy Office at (401) 415-4200, for transfer instructions.

Note: Hope Hospice & Palliative Care Rhode Island is a not-for-profit health-care organization specializing in end-of-life care. We do not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. Hope Hospice & Palliative Care Rhode Island strongly encourages all of our donors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by Hope Hospice & Palliative Care Rhode Island staff cannot be used to avoid tax-related penalties.

A Gift of Real Estate

Real estate held more than 12 months can be contributed outright to Hope Hospice & Palliative Care Rhode Island, entitling you to an income-tax deduction based on the current, appraised fair market value. You can claim a deduction up to 30 percent of your adjusted gross income in the year of the gift. Any amount exceeding the 30-percent ceiling can be carried forward and deducted for up to five more years. In addition, you avoid a potential capital gains tax on the property. Note: Real estate gifts are expedited when there is no mortgage on the property. You can also transfer real estate to a charitable trust while retaining the income from the trust. Through such a plan, you can convert a non-income-producing asset to new income, receive an income-tax deduction for part of the gift, avoid capital gains tax when the property is sold by the trust and make a significant gift to Hope Hospice & Palliative Care Rhode Island. 

Prospective donors interested in making a gift of real estate may contact the Philanthropy Office at (401) 415-4200 for further details.

An Example of a Gift of Real Estate:

A donor invested $20,000 in a piece of land many years ago. It is now worth $100,000. If he makes the informed decision to gift the property to Hope Hospice & Palliative Care Rhode Island, he is entitled to a deduction of $100,000 on his income-tax return. Also, he will not owe the capital gains tax, which would have been due had he sold the property (a savings of $16,000).

Note: Hope Hospice & Palliative Care Rhode Island is a not-for-profit health-care organization specializing in end-of-life care. We do not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. Hope Hospice & Palliative Care Rhode Island strongly encourages all of our donors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by Hope Hospice & Palliative Care Rhode Island staff cannot be used to avoid tax-related penalties.

A Charitable Gift Annuity

A donor who transfers cash or securities to Hope Hospice & Palliative Care Rhode Island receives a lifetime annuity payment from the gift. The rate is based on the age and number of annuitants. The donor receives a charitable income-tax deduction based on the age and number of annuitants (generally, the donor or the donor and the donor's spouse). The deduction may be claimed in the year of the gift up to the contribution ceilings previously outlined. The donor avoids immediate capital gains tax on the transfer of appreciated securities, and the annual payment is based on the fair market value of the gift. A portion of each annuity payment is tax-free for both state and federal purposes for a period of years (based on the donor's life expectancy). The gift annuity is appropriate for a donor who wants a fixed rate that will never change. 

Prospective donors interested in a charitable gift annuity may contact the Philanthropy Office at (401) 415-4215, for further details.

A Deferred Gift Annuity

A prospective donor transfers cash or securities to Hope Hospice & Palliative Care Rhode Island and retains a lifetime income from the gift. The payments will begin at a future date determined by the donor at the time of the gift. The annuity rate is based on the age of the donor and the number of years before the first payment. In all cases, the rates are higher than for current gift annuities. In the case of a Deferred Gift Annuity, the longer the deferral, the higher the rate the prospective donor receives. The donor receives a charitable income tax deduction in the year of the gift based on the age and deferral period. There is no immediate capital gains tax on the transfer of appreciated securities. Taxation of the deferred annuity payment is mostly ordinary income. The deferred gift annuity is appropriate for a donor who does not need income currently, but who wishes to establish an income for retirement while receiving an income tax deduction immediately.

Prospective donors interested in a deferred gift annuity may contact the Philanthropy Office at (401) 415-4215, for further details.

Note: Hope Hospice & Palliative Care Rhode Island is a not-for-profit health-care organization specializing in end-of-life care. We do not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. Hope Hospice & Palliative Care Rhode Island strongly encourages all of our donors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by Hope Hospice & Palliative Care Rhode Island staff cannot be used to avoid tax-related penalties.

A Charitable Remainder Trust

A charitable remainder trust is a trust vehicle to which a prospective donor can transfer assets while retaining the right to receive income for life or for a term of years. (A charitable remainder trust can also be established as part of a donor's estate plan and provide an income stream for survivor beneficiaries.) Unlike the other life income plans, the charitable trust is a private account for each donor. The donor makes all decisions with respect to the terms and management of the trust. A charitable remainder trust offers benefits similar to the other programs, but is especially appropriate for a donor who wishes to create a life income plan that suits his or her individual needs. In addition, the creation of a charitable remainder trust entitles the donor to an income-tax charitable deduction in the year of the transfer.

Prospective donors interested in establishing a charitable remainder trust may contact the Philanthropy Office at (401) 415-4215, for further details.

Note: Hope Hospice & Palliative Care Rhode Island is a not-for-profit health-care organization specializing in end-of-life care. We do not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. Hope Hospice & Palliative Care Rhode Island strongly encourages all of our donors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by Hope Hospice & Palliative Care Rhode Island staff cannot be used to avoid tax-related penalties.

A Gift of a Life Insurance Policy 

In some cases, donors wish to make a gift of life insurance that is no longer needed for its original purpose. Simply ask the life insurance company for a Designation of Beneficiary form. To make an irrevocable transfer that will receive gift credit, the donor must name Hope Hospice & Palliative Care Rhode Island as both the beneficiary and the owner. The prospective donor will receive gift credit for the cash surrender value of the policy and may claim that value as an income-tax deduction in the year of the transfer. In general, Hope Hospice & Palliative Care Rhode Island will redeem the policy for its cash value and use the proceeds for the purpose designated by the donor.

Prospective donors interested in gifting a life insurance policy may contact the Philanthropy Office at (401) 415-4215, for further details.

Note: Hope Hospice & Palliative Care Rhode Island is a not-for-profit health-care organization specializing in end-of-life care. We do not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. Hope Hospice & Palliative Care Rhode Island strongly encourages all of our donors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by Hope Hospice & Palliative Care Rhode Island staff cannot be used to avoid tax-related penalties.

Planned Giving

Providing for the future well-being of family, while simultaneously supporting the mission of Hope Hospice & Palliative Care Rhode Island, can be accomplished by a variety of gifts known as planned gifts; gifts such as these offer a variety of benefits to the donor and the institution. Hope Hospice & Palliative Care Rhode Island will honor your intentions to provide a charitable gift through your will by offering recognition during your lifetime for the documented value of your bequest. Prospective donors interested in learning more about planned giving may contact the Philanthropy Office at (401) 415-4215, for further details.

An Example of Planned Giving

A Bequest of an Estate

Hope Hospice & Palliative Care Rhode Island will honor your intentions to provide a charitable gift through your will by offering recognition during your lifetime for the documented value of your bequest. It is advised that you consult with your attorney and tax advisor to determine how these various options might affect your personal tax and estate-planning objectives.

Note: Hope Hospice & Palliative Care Rhode Island is a not-for-profit health-care organization specializing in end-of-life care. We do not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. Hope Hospice & Palliative Care Rhode Island strongly encourages all of our donors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by Hope Hospice & Palliative Care Rhode Island staff cannot be used to avoid tax-related penalties.

Matching Gifts

Many employers match the gift their employees make to Hope Hospice & Palliative Care Rhode Island.

Please check with your employer to see if the company has a charitable contribution matching gifts program. If so, your gift may be doubled or tripled simply by completing a form that will be available from your employer and which is typically located in the Office of Human Resources.

Note: Hope Hospice & Palliative Care Rhode Island is a not-for-profit health-care organization specializing in end-of-life care. We do not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. Hope Hospice & Palliative Care Rhode Island strongly encourages all of our donors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by Hope Hospice & Palliative Care Rhode Island staff cannot be used to avoid tax-related penalties.