Planned Giving

A charitable gift annuity provides fixed payments for life in exchange for a gift of cash or securities to Treasure Coast Hospice Foundation. With the generous increase in annuity rates effective on July 1, 2018 our supporters are showing a renewed enthusiasm for this way to support our work. Gift annuities are easy to set up and the payments you receive are backed by the general resources of Treasure Coast Hospice Foundation.   

charitable gift annuity could be right for you if:

  • You want to maintain or increase your cash flow, now even more attractive with the new – and higher - annuity rates.
  • You want the security of fixed, dependable payments for life.
  • You want to save income taxes or capital gains taxes.
  • You would like income that is partially tax-free.
  • You want to make a generous gift to Treasure Coast Hospice.
  • You are considering a gift amount of $10,000 or more.
  • You are at least 65 years of age.
 

 

Learn more about Deferred Gift Annnuity

How Your Gift Helps

Your gifts to Treasure Health help us to partner with patients, families and the community to enable well-being through extraordinary care, specialized services and life-enhancing education. It will provide Treasure Health with the resources to…

be an inspirational community partner that allows people to drive their own destinies for the highest quality of life;
deliver a family of services including palliative care, hospice care, pediatric care and grief support;
uphold our commitment to make every moment count for our community members while providing the highest quality compassionate care.

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A simple contract
A charitable gift annuity is a simple arrangement between you and Treasure Coast Hospice Foundation that requires a one or two page agreement. You will incur minimal or no costs to establish the arrangement and no costs at all to maintain it.  

Irrevocable gift 
A charitable gift annuity is an irrevocable arrangement. Once you transfer assets in exchange for the gift annuity, you cannot change your mind and get the assets back. This requirement assures that whatever is left of your gift when the gift annuity ends will go to support Treasure Coast Hospice.

Fixed payments for life
In exchange for your irrevocable gift of cash, securities, or other assets, Treasure Coast Hospice will pay you a fixed amount each year for life. The amount of the payment depends on the amount donated and the age of the payment recipient.  

  1. Payments last for your lifetime. You cannot outlive your payments.
  2. Payments are predictable. Your payments will not be affected by investment performance or market conditions. You will get the same amount each year. 
  3. Payments are very secure. They are backed by the general resources of Treasure Coast Hospice Foundation, not just by the assets you donate.

Tax-advantaged payments
Part of each payment typically will be tax-free for many years. This tax-free portion makes the payments more valuable than an equal amount of fully taxable income. The amount of this tax-free portion will be greater if you give cash than if you give stock or other appreciated property.

Who can receive payments?
You decide who will get the payments from your gift annuity. Usually, this will be you, or you and your spouse. Alternatively, you can select one or two other people to receive the payments from your gift annuity. For example, you may wish to provide income for parents, a sibling, or a faithful employee.  

Payout rate depends on age
The older you are when you make your gift, the greater the payment rate you will receive. If you choose other people to receive the payments from your gift annuity, their ages at the time of your gift will determine their payment rate. Our minimum age for a payment recipient is 65.

Sample Annuity Rates for Gift Amount of $10,000

Age Payment Rate Annuity Deduction

85

8.3%

$415

$2,731

80

7.3%

$365

$2,385

75

6.2%

$310

$2,179

70

5.6%

$280

$1,864

Tax benefits
You will earn an immediate income tax charitable deduction in the year of your gift, providing tax savings if you itemize. The amount of this deduction will depend on several factors. If you cannot use the entire deduction that year, you may carry forward your unused deduction for up to five additional years.  

If you give stock or other appreciated property to create a gift annuity, you will pay tax on only a portion of your capital gain in the property. Even better, if you are the payment recipient of your gift annuity, you will be able to report this capital gain in installments over many years. In this case, your capital gain income will replace some of the tax-free portion you would receive if you were to give cash.

By removing the gift assets from your estate, you may also reduce future estate taxes and probate costs. The amount of these savings will depend on the size of your estate and on estate tax law in force at the time your estate is settled.

Assets to consider
Cash currently held in a savings account, bank CD, or money-market fund makes an excellent funding asset. Usually, a gift annuity will provide you with larger payments than any of these investments.

Securities, especially highly-appreciated securities that you have owned for one year or more, are also an excellent funding asset. Giving them to us in exchange for a gift annuity will allow you to unlock their value to increase your cash flow and avoid substantial capital gains tax at the same time.

Example

Myra Harwood is a 71 year-old widow. She would like to make a significant gift to Treasure Coast Hospice Foundation, but she is dependent on the income produced by her investments. One of these investments is stock in XYZ Widget Corporation that she and her late husband purchased many years ago for $3,000.

Her stock is now worth $10,000 but provides little income - about $126 after tax. Myra is reluctant to sell her XYZ Widget stock to reinvest in higher yielding assets because she will have to pay $1,400 in capital gains tax. This would leave her with just $8,600 to reinvest.

Myra is pleased to learn that she can make a significant gift to Treasure Coast Hospice Foundation and increase her cash flow by giving her XYZ Widget stock to Treasure Coast Hospice in exchange for a gift annuity. She can also save substantial income taxes plus avoid and defer capital gains taxes, and will receive an income tax deduction that may provide additional tax savings at the same time.

  Tax result Cash flow before tax Cash flow
after tax
(37​% tax rate)

Myra keeps her stock

None

$200

$126

Myra sells and reinvests for 4.0% yield

Owes $1,400 capital gains tax

$344

$217

Myra funds a 5.7% gift annuity

$3,858* income tax deduction
Avoid tax on $2,701* of capital gain

$570

$452

*Deduction amount and capital gains tax avoided may vary depending on the timing of the gift.

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A Message from Our CEO

Susan de Cuba

President and Chief Executive Officer

Few creatures inspire as much wonder as the hummingbird. Tiny, yet strong enough to migrate 500 miles across the Gulf of Mexico, this brilliant bird is the ultimate symbol of resilience. So it’s only fitting that we have incorporated a hummingbird into our new look and logo to symbolize our organization’s life-affirming mission.

Under the Treasure Coast Hospice name, we have grown our services beyond our cornerstone hospice program to include palliative care, grief support counseling and specialized pediatric care. To better reflect our expanded scope of community services, we have changed the name of our parent organization to Treasure Health, while our flagship hospice program will continue to be called Treasure Coast Hospice.

Hospice will always be the heart of our mission. The same outstanding care the community has known since 1982 will continue. The experience we’ve gained during the past 35 years translates well to other services that improve quality of life. Our full spectrum of support includes Treasure Coast Hospice, Treasure Health Palliative Care, Treasure Health Pediatric Care and Treasure Health Grief Support.

With all of our services, our goal is to empower patients and families with the knowledge and support they need to make every moment count.  Guiding our efforts is a caring community of health professionals, volunteers and donors. Like me, they believe that in all stages of illness, everyone deserves to experience the best possible quality of life.

With our comprehensive, compassionate approach to palliative care, hospice services and grief support, we are building communities that allow people to drive their own destinies for the highest quality of life in every health circumstance.

We are excited to embrace a fresh brand that helps us promote our life-affirming philosophy and look forward to having you join us as a trusted partner in supporting our community’s healthcare journey.

For more, see our spring newsletter
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Five Wishes ®

“Five Wishes ®” is an easy-to-use legal document written in everyday language to help you plan how you want to be cared for in case you become seriously ill. It is America’s most popular living will.

You decide: With more than 18 million copies in circulation, “Five Wishes ®” helps you express what you want in the areas that matter the most to you: personal, spiritual, medical and legal. It helps you describe what good care means to you, whether you are seriously ill or not, so your caregiver knows exactly what you want.

Gift to your family: “Five Wishes ®” can help start and guide family conversations in advance of serious illness, so completing it is a gift to your family, friends and also your doctor. It keeps them out of the difficult position of having to guess what kinds of treatment you want or don’t want.

Meets Florida law: “Five Wishes ®” meets the legal requirements for an advance directive in Florida and 41 other states. All you need to do is check a box, circle a direction, or write a few sentences. Once it is signed and witnessed, your “Five Wishes ®” becomes a legal document.

To learn more about “Five Wishes ®”or to schedule a presentation for your group or community, please email Craig Perry  in Martin County or Tracey Kinsley in St. Lucie County.