Options for Planned Gifts

A good estate plan is one that guarantees all your wishes will be faithfully executed, provides you with peace of mind, and ensures that your beneficiaries enjoy the legacy that you worked so hard to build. Estate plans are not just for older people or for those with significant financial resources. They are for anybody and everybody.

A planned gift to the Mahaska Health Foundation enables you to support our healthcare mission and make a difference in the lives of your friends and neighbors, as well as future generations. Here are some of the ways you can leave a legacy and support the Mahaska Health Foundation.

Endowments

Endowments can be created with gifts of $10,000 or greater. The earnings support the department or service that you designate. You may add to your endowment at any time.

These permanent funds support the ongoing needs of the work at Mahaska Health. Contributions to our endowment funds are eligible for a 25% state tax credit in addition to the federal tax deductions.

Will or Trust Bequests

The simplest way to make a planned gift is through your will. Your gift can be designated to support the hospital’s greatest need, or a hospital service that is most important to you. A bequest through a person’s will or trust is a simple, yet effective, way of providing a gift to Mahaska Health Foundation after a person’s death.  The bequest may be a fixed dollar amount, a bequest of specific property, a bequest of a specific percentage of a person’s estate, or a bequest of the residue of a person’s estate.

The most common forms of giving are annual gifts of cash or securities. Planned gifts provide donors with a way to make larger gifts than they thought possible.

Many gift-giving tools help fulfill charitable wishes while enhancing the donor’s or their loved ones’ financial security. Types of planned gifts include bequests, life income gifts (such as charitable gift annuities and charitable remainder trusts), retirement plans and life insurance.

Gifting through Retirement Plans

If individuals find themselves with large retirement plan assets and large IRAs, there are various charitable gifting opportunities.  If Mahaska Health Foundation is named as a beneficiary of a retirement plan or IRA, the assets will come to the Foundation after the retiree or retiree spouse’s death with minimal estate and income tax reductions.

Gifts of Life Insurance

A gift of life insurance can provide a significant charitable deduction.  You could purchase a new policy or donate a policy that you currently own, and designate us as a beneficiary of the life insurance policy.  Check with your insurance agent for details.

Charitable Remainder Trust

A charitable remainder trust is a special trust that pays income to family members.  After all the income payments are made, the remainder is distributed to qualified charities such as Mahaska Health Foundation.

Matching Gifts

Many employers have matching gift programs through which a gift to Mahaska Health Foundation can be multiplied.  This is an excellent way of increasing your support.

Consult your personal financial planner or estate advisor for independent advice.