As the crisp air settles in and leaves turn brilliant shades of orange and red, fall is often seen as a season of reflection. It’s a time to savor the year’s accomplishments, plan for the holidays, and prepare for the new year ahead. But what if this fall, you took an extra step in planning for the future—one that could impact lives for generations to come?
The Gift of Legacy: Why Planned Giving Matters
Planned giving allows individuals to leave a lasting mark by supporting causes they care about beyond their lifetime. Whether it’s through a bequest in your will, a charitable trust, or a beneficiary designation on your retirement account, planned gifts provide vital resources for organizations to continue their mission.
Why Fall is the Ideal Time to Consider Planned Giving
Fall is not only a season of reflection but also one of preparation. As we close out the year and prepare for the holiday season, it’s the perfect time to assess our values and the legacy we want to leave behind. Making decisions now, before the rush of the new year, allows for thoughtful planning.
Tax Benefits of Planned Giving
With tax season around the corner, fall is also a strategic time to explore the financial benefits of planned giving. Many planned gifts provide immediate tax benefits, including potential reductions in capital gains, estate taxes, and income taxes. It’s a way to give back while securing your financial well-being.
The Power of Planned Giving at Nashville General Hospital
At Nashville General Hospital Foundation, planned giving ensures that patients continue to receive compassionate, life-saving care for years to come. By including NGH in your estate plans, you help sustain vital programs like the Patient Medicine Fund, which provides medications for uninsured patients, or the Employee Care Fund, which supports staff facing unexpected crises.
Ways You Can Make a Planned Gift:
- Bequests: Designating Nashville General Hospital Foundation in your will or living trust is a simple way to leave a meaningful gift.
- Charitable Remainder Trusts: These trusts provide income to you or your family for a specified time, after which the remainder goes to charity.
- Retirement Assets or Life Insurance: Designating NGH as a beneficiary of your IRA, 401(k), or life insurance policy is another impactful way to give.
How to Start the Conversation
If you’re considering a planned gift, fall is the perfect time to talk with your family and financial advisors. This season of transition invites us to look forward with intention and ensure that our values align with the legacy we leave behind.
At the Nashville General Hospital Foundation, we’re here to help you explore your giving options and craft a plan that reflects your generosity and vision. Together, we can continue to provide the care and support that our community depends on.
Ready to Make an Impact?
For more information on planned giving or to discuss your legacy plans, please reach out to Jennifer A. Balog, Executive Director at 615-341-4465 or jennifer.balog@nashvilleha.org Let this fall be the season when you begin shaping your enduring impact.