Rockbridge Area Hospice recently announced its Legacy Society. In the past several years we have been the grateful recipients of gifts directed to us through a process of planned giving. These donors have chosen to provide for us in their estate planning. Because of the growing number of individuals contributing in this way we have decided to establish The Legacy Society as a vehicle to recognize these very special donors.
There are a variety of ways to leave estate gifts to Rockbridge Area Hospice. Bequests are probably the easiest and therefore favorite method. A bequest can be a specific dollar amount or a percentage of the estate. The entire value is eligible for an estate tax charitable deduction. Another popular method is by naming us as a revocable beneficiary of a life insurance policy, IRA, pension plan or bank account. Somewhat more involved methods include trusts and annuities. Additional information can be found by clicking the Planned Giving Options link located on the sidebar to the right.
Why is planned giving so important to Rockbridge Area Hospice? Simply because the reimbursement we receive, primarily through Medicare, only covers about 75% of our cost of care. We have to find the funds to maintain our excellence of service to the terminally ill and their families. We are proud to be a community based not-for-profit organization and wish to be here serving this great community for many years to come. Planned giving is one of the ways we can sustain our service.
Rockbridge Area Hospice will be happy to help facilitate your gift, please call Judy Mauck, Executive Director, 540.463.1848 for more information. If you wish to investigate establishing a Planned Giving program it is highly recommended that you consult with a qualified professional such as a financial planner, attorney or banker. They can discuss these and other plans that will satisfy your estate planning goals while minimizing the tax liability on your estate or beneficiaries.