What types of Planned Gifts are available?

Outright Gift A donation of cash, stocks, or personal property.
Benefits to the donor include: income tax deduction for the value of the gift, plus no capital gains tax due on appreciated property.


Revocable Living Trust A trust you establish to take effect during your lifetime.

Benefits to the donor include possible savings in estate taxes if a charity such as the Foundation of CVPH Medical Center is named the beneficiary of the trust remainder as well as the flexibility to change the terms of the trust.

Bequest in a Will A gift you make by naming the Foundation of CVPH Medical Center in your will.

Benefits to the donor include estate tax deduction for the value of the bequest. Gives the donor flexibility in providing for family needs first.

Sample wording, "I give the Foundation of CVPH Medical Center, Inc. of Plattsburgh, New York, or any successor organization thereto, the sum of $75,000."

Life Insurance Gift A gift of an old or new policy with the Foundation of CVPH Medical Center named as beneficiary and owner.

Benefits to the donor include immediate income tax deduction for gift's value, plus possible estate tax savings. This option provides a method for giving a significant gift compared to the expenditure.

Retirement Plan Gift A gift made by naming The Foundation of CVPH Medical Center as remainder beneficiary after your death.

Benefits to the donor include avoidance of tax on "income in respect of a decedent" as well as estate tax on the plan. It preserves the plan's value and allows you to leave heirs less costly bequests.

Real Estate Gift A donation of real property.

Benefits to the donor include immediate income tax deduction for the charitable value of the gift, plus no capital gains tax due. It can be arranged so that you continue to live in your home and still receive a charitable deduction.

Charitable Remainder Annuity Trust A trust that pays a set income to you or those you name before the Foundation of CVPH Medical Center receives remainder.

Benefits to the donor include income tax savings from deduction, no capital gains tax liability, possible estate tax savings and provision of guaranteed annual income for donor or other beneficiary.

Charitable Remainder Unitrust A trust that pays variable income to you or those you name before the Foundation of CVPH Medical Center receives the remainder.

Benefits to the donor include provision of annual income to the donor which could increase if the value of the trust increases.

Charitable Gift Annuity A contract in which a charity agrees to pay you back a percentage of your gift annually for your lifetime.

Benefits to the donor are immediate income tax deduction for part of the gift's value, capital gains spread out over life expectancy, and provision of a set income for the life of the donor or another beneficiary.

Charitable Lead Trust A trust that pays the Foundation of CVPH Medical Center an income for a period of years before your heirs receive the trust remainder.

Benefits to the donor are gift or estate tax savings for the value of payments made to the Foundation and it allows you to pass assets to heirs intact at a reduced cost.

How do I contact the Foundation regarding a Planned Gift?

Hannah Hanford, Director of Development for the Foundation, would be very happy to speak with you about how a planned gift might work for you. Please contact her:


By phone - (518) 562-7168
By email - hhanford@cvph.org
By mail - 75 Beekman Street, Plattsburgh, NY 12901

Please be aware that the above information does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. The Foundation of CVPH Medical Center encourages you to seek professional legal, estate planning, and financial advice before deciding upon a course of action. All information submitted to the Foundation will be held in the strictest confidence.

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