Frequently Asked Questions

Planned giving refers to the process of making a charitable donation as part of your long-term financial plan. It often involves contributions through bequests, trusts, or other financial instruments that provide benefits to both the donor and the charity over time.

Planned giving allows you to support a cause you care about while potentially providing tax benefits and financial advantages for your estate. It helps ensure the long-term sustainability of the organization and can align with your values, personal financial goals and legacy planning.

Planned gifts can be made using a variety of assets, including cash, securities, real estate, retirement accounts, and personal property. Each type of asset may offer different benefits and tax implications.

You can include a charity in your will by specifying a bequest amount or a percentage of your estate to be donated. It's best to work with an attorney, estate planner and other financial professionals to ensure your bequest is correctly drafted and integrated into your overall estate plan.

A charitable remainder trust is a type of planned gift that provides income to you or other beneficiaries for a specified period, with the remaining assets going to the charity upon the trust's termination. This arrangement can offer both charitable and tax benefits.

Yes, many planned giving options, such as charitable remainder trusts and charitable gift annuities, allow you to retain some control or receive benefits from your assets while still making a meaningful contribution to the charity. We recommend you consult legal or financial advisors to assure your purposes are fulfilled in a way that is satisfactory to your needs.

Planned gifts can offer various tax advantages, including charitable deductions on income, estate, or gift taxes. The specific benefits depend on the type of gift and your personal financial situation.

You should clearly communicate your intentions with the charity and, if possible, put your wishes in writing. Work with legal and financial advisors to ensure that your gift is structured to fulfill your objectives and is documented appropriately.

Yes, many planned gifts can be modified or revoked if your circumstances change. However, it's important to consult with your legal or financial advisor to understand the implications of making changes to your gift.

To get started, reach out to Loma Linda University Health at [email protected] or call us at 909-558-4553 and express your interest in making a planned gift. We have specialists that can provide information on available options and connect you with resources and advisors who can help you through the process.

There is no standard minimum amount for planned giving; it varies based on the type of gift and the charity's guidelines. You should discuss your options with Loma Linda University Health to determine what works best for you and aligns with your goals.

Planned gifts provide long-term financial support to Loma Linda University Health, helping us to fund programs, expand services, and plan for the future. Your gift can have a lasting impact and support Loma Linda University Health's mission for years to come.