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Link to printable Bequests and
Wills brochure
Bequests and Wills
Charitable bequests to the Visiting Nurse Association Foundation,
Inc. support the programs and services provided by the Visiting Nurse Association
of Porter County Indiana, Inc., including skilled nursing,
therapy, hospice care and Meals on Wheels.
These donations enable the Visiting Nurse Association to continue to provide
quality care for patients and their families.
The following are examples of the type of simple
language that may be used in your will
to make a bequest to the Visiting Nurse Association Foundation,
Inc. They are intended only
as
examples and must be tailored to meet your specific needs and
desires.
Legal Name of the
Corporation: Visiting Nurse Association Foundation, Inc.
Federal Tax ID
Number: 35-1655711
GENERAL BEQUEST: I
give, devise and bequeath to The Visiting Nurse Association
Foundation, Inc., a corporation existing under the laws of the
State of Indiana and located in the City of Valparaiso, Indiana
________(fill in a percentage of your estate, a certain sum of
dollars or a description of particular property) to be used at
the discretion of The Visiting Nurse Association Foundation, Inc.
SPECIFIC BEQUEST: I
give, devise and bequeath to The Visiting Nurse Association
Foundation, Inc., a corporation existing under the laws of the
State of Indiana and located in the City of Valparaiso, Indiana
________(fill in a percentage of your estate, a certain sum of
dollars or a description of particular property) and direct
that it shall be used for the following purpose(s):________(in
detail, specify the purpose(s) you wish to support with your
bequest). If at any time the need of income for such purpose
ceases to exist, The Visiting Nurse Association Foundation, Inc.
shall be and is hereby authorized to use this bequest for such
purposes as in the judgment of the Foundation shall best promote
the welfare of the Foundation and the spirit of its benefactors.
NOTE:
SAFEGUARDING RESTRICTED FUNDS: If the original purpose
identified in a specific bequest no longer exists, the bequest may
not be granted to the Foundation. For example, a specific bequest
of property to support a special program at the Foundation may not
be granted if, at the time the will is probated, that program is
no longer in existence. The last sentence in the above specific
bequest form safeguards against this possibility.
RESIDUAL BEQUEST: All the
rest, residue and remainder of my estate, both real and personal,
wherever located, I give, devise and bequeath to The Visiting
Nurse Association Foundation, Inc., a corporation existing under
the laws of the State of Indiana and located in the City of
Valparaiso, Indiana.
Additional Planned Giving Options
Appreciated Securities are an attractive gift for
people who have held stocks or bonds for a long period of time,
especially when the appreciation is so great that the capital
gains tax would take a significant portion of the proceeds upon
liquidation. Gifts of appreciated securities enable you to make a
larger contributions to the Visiting Nurse Association Foundation,
Inc. at reduced cost to you, thereby benefitting you, the programs
and services of the Visiting Nurse Association and ultimately the
community.
Life Insurance policies that you no longer need can
make a significant gift while you receive a current income tax
deduction for the cash value and any premiums you pay in the
future. In addition, you may choose to add the Visiting Nurse
Association of Porter County as a beneficiary of a life insurance
policy, designating any percentage or portion of the benefit you
would like.
Retirement Plan Assets may be a particularly effective
way to fund a charitable bequest. Depending on the size of your
estate, income and estate taxes may consume a large portion of
this asset. Naming the Visiting Nurse Association Foundation, Inc.
as the beneficiary for all or some of the assets remaining in your
plan at your death can substantially reduce or eliminate your tax
liability.
Porter County Community Foundation
The Visiting Nurse
Association works in cooperation with the Porter County Community
Foundation to assist donors who wish to support the organization
with a gift annuity, charitable remainder trust, charitable lead
trust or endowment gift.
Donations or bequests
may be made to the following endowment funds held by Porter County
Community Foundation to support the programs and services of the
Visiting Nurse Association:
•
Visiting Nurse Association Foundation Fund
•
Visiting Nurse Association Hospice Fund
Gift Annuities are a simple way to make a charitable
gift. Cash or appreciated securities are given to support the
Visiting Nurse Association Foundation, Inc. and the donor receives
income for life. In addition to an immediate tax deduction, a
portion of the income received is tax free.
Charitable Remainder Trusts offer a triple
advantage. You receive an immediate tax deduction for a charitable
gift; the assets are removed from your estate avoiding future
estate taxes; and you, or someone named by you, can receive a
lifetime of income from your gift.
Charitable Lead Trusts can be established naming the
Visiting Nurse Association Foundation, Inc. as beneficiary of a
specified percentage of income from a trust for a specific number
of years. Ultimately, the residual value of the trust reverts to
other named beneficiaries, such as children or grandchildren.
For more information
about using these vehicles in your estate planning to support the
programs and services of the Visiting Nurse Association, please contact
the Porter County Community Foundation at (219) 465-0294.
Please
feel free to contact Maria Galka, Director of Development
with any
questions at 219-462-5195 or 219-531-8078.
Thank
you for your continued support.
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