Legacy Gifts or Planned Giving

Legacy Giving or Planned Giving allows a donor to make a gift commitment to Lake Charles Memorial Health System, but to delay delivery of the final benefit of the gift until a later time. Donors who make planned gifts to LCMH may receive tax and/or income benefits. Some types of legacy or planned gifts result in lifetime incomes for the donor and/or other beneficiaries. Some may entail a reduction of income taxes, capital gains taxes and estate taxes.

Donors may make legacy or planned gifts to LCMH in the following ways:

• Through a bequest, through charitable remainder trusts, gift annuities and deferred payment gift annuities;
• by making LCMHS the beneficiary and owner of an insurance policy;
• through gifts of remainder interest in a personal residence, farm or other real property; and
• through charitable income trusts.

It should be noted that the laws governing such gifts are subject to revision and it is therefore extremely important to have up-to-date information on tax consequences.

Legacy or Planned Giving is a very important, and yet often underutilized way for a person or family to provide for LCMH’s future stability.