Gifts Charitable Trust Life Insurance Gift Wills Retained Life Estate
Philanthropic support at all levels is needed to advance Cooperstown Medical Center to the highest level of excellence. Special recognition opportunities exist! If you have an idea for a gift you wish to make or a special recognition, please contact the Foundation Office at 701-797-2221 ext 7108.
How can I help the Cooperstown Medical Center? A well-designed charitable plan integrates with your financial and estate plans creating a tax-efficient strategy that may provide you with more spendable income during your lifetime while generating more wealth transfer to family and nonprofits; and less to government at your death.
Gifts
•Donate property to the CMC •Receive immediate income tax deduction
Charitable Trust
•Name CMC Foundation as beneficiary of assets in a living will •You control the trust for lifetime: possible tax savings
Life Insurance Gift
•CMC Foundation is named as beneficiary •Make a large gift to the CMC Foundation with little cost to you
Wills
•Name CMC Foundation in your will. •Donation may be exempt from federal estate tax
Retained Life Estate
•Designate the ownership of your home to CMC Foundation but retain occupancy •Charitable income tax deduction and lifetime use of your home
Whether you want to eliminate taxes or benefit from an increased income stream, there is a gift to fit every objective. And no matter how or what you give, rest assured that you will be helping a cause close to your heart. After determining the gift that is right for you, meet with your financial advisor to begin implementing your wishes. The information here is not intended as legal or tax advice. For such advice, please consult an attorney or your tax professional.
How can I help the Cooperstown Medical Center? A well-designed charitable plan integrates with your financial and estate plans creating a tax-efficient strategy that may provide you with more spendable income during your lifetime while generating more wealth transfer to family and nonprofits; and less to government at your death.
Gifts
•Donate property to the CMC •Receive immediate income tax deduction
Charitable Trust
•Name CMC Foundation as beneficiary of assets in a living will •You control the trust for lifetime: possible tax savings
Life Insurance Gift
•CMC Foundation is named as beneficiary •Make a large gift to the CMC Foundation with little cost to you
Wills
•Name CMC Foundation in your will. •Donation may be exempt from federal estate tax
Retained Life Estate
•Designate the ownership of your home to CMC Foundation but retain occupancy •Charitable income tax deduction and lifetime use of your home
Whether you want to eliminate taxes or benefit from an increased income stream, there is a gift to fit every objective. And no matter how or what you give, rest assured that you will be helping a cause close to your heart. After determining the gift that is right for you, meet with your financial advisor to begin implementing your wishes. The information here is not intended as legal or tax advice. For such advice, please consult an attorney or your tax professional.
