You can ensure the future of the ASHP Foundation's work while meeting personal estate and financial goals by making a planned gift. Please consult with your estate planner, attorney, or tax advisor for additional guidance on making a planned gift. Planned giving options include:
Bequests
A will is the easy and effective means to ensure that you fully provide for your family and that your assets are distributed as you wish. Gifts by will, or bequests, are important to the ASHP Foundation. Many friends have remembered the Foundation in their will while also providing for their family. A gift to the ASHP Foundation through your will has several advantages:
1. Bequests are 100% tax-deductible.
2. A charitable bequest may place your estate in a lower estate tax bracket.
3. When you make a bequest to the ASHP Foundation, you become a member of the Foundation's Legacy Society.
Charitable Trusts
A charitable trust is a legal agreement that specifies how the assets placed under the trust will be managed. The charitable remainder trust is an attractive method to achieve a variety of goals while providing income for life and knowing that after your lifetime, the property remaining in the trust will be used by the ASHP Foundation as you specified. There are two common types of charitable remainder trusts: A unitrust and an annuity trust.
Income from a unitrust fluctuates annually with the fair market value of the trust. Income payments from an annuity trust are fixed and determined when the gift is made. The best type of trust for you depends on your own individual needs.
Gift Annuities
A gift annuity is a simple contract between you and the ASHP Foundation in which you exchange cash or securities for fixed payments for life -- for any person you choose. You can have payments begin this year or postpone any payout until a future time, such as retirement. A charitable gift annuity allows you to make a gift to the ASHP Foundation that will help in our mission of fostering safe and effective medication use - and at the same time plan for your financial future.
Life Insurance
There are four basic ways to make a planned gift through a life insurance policy, allowing you to leverage relatively modest annual payments into a sizable charitable gift. You can name the ASHP Foundation as your primary or successor beneficiary, donate an existing policy to the ASHP Foundation, or give a new policy to the Foundation.
Retirement Plans
You can name the ASHP Foundation as the beneficiary of your IRA, 401K, or other personal retirement plan.
Stocks and Bonds
A $5,000 cash gift and a gift of $5,000 in appreciated securities both generate the same charitable deduction. But if you use publicly-traded stocks or bonds to make your gift, you will receive an additional tax benefit: The IRS allows you to make your transfer to the ASHP Foundation without recognizing capital gains on the appreciation. You can thus leverage a larger donation than you could make with cash -- and receive a larger tax deduction.
Your gift of securities is valued as of the day it reaches our account if your broker transfers them electronically, the delivery date if they are hand delivered, or the postmark date if you mail the shares. Your gift value is the average of the high and the low prices for the securities on that date.
Appreciated Securities
The IRS also allows owners of appreciated real estate, business interests, and artwork to contribute them and receive a deduction based on their full market value. These gifts do raise more tax and acceptance issues than contributions of publicly-traded securities such as stocks and bonds, so we ask that if you are considering such a gift to contact our office first.