24-hour Careline: 410-742-8732
Planned gifts represent gift options that can be designed to meet your personal philanthropic and financial goals. Some planned gifts, such as a gift in your will, require no current outlay of funds at all. And other planned gifts, including the charitable gift annuity, make it possible to support our work, enjoy a tax deduction if you itemize, and receive a lifetime income at the same time.
In this unpredictable and challenging economic climate, a planned gift can be a rewarding way to make a difference in others’ lives. Please contact Director of Advancement, Kerrie Bunting for additional information.
The information featured on this website is intended for educational and informational purposes only. Nothing on this website should be considered as the rendering of legal, accounting or other professional advice. Always consult your legal, tax or other professional advisor(s) before implementing a planned gift to charity.
When you support the Coastal Hospice Honorary & Memorial Tributes program you can honor someone close to you or memorialize the life of a loved one while helping others in need. You can donate in many ways and designate your gift for “general need” or to an existing restricted fund.
When your gift is received, we will send a letter of acknowledgement to you from Coastal Hospice. Should you request, a letter will also be sent to the family of the loved one (without mention of the amount.) Please be sure to provide the name and address of the person you wish to receive the letter. All donors will be included in our newsletter with the name of the person they honored or memorialized (unless you request to remain anonymous).
Keep the memory of your loved one alive while making a lasting impact in our communities. At your request, we will acknowledge your gift with a card to the family or friend of the deceased.
Include name of person memorialized in the check memo or attach a note with the check indicating family member’s name and address to notify that a donation has been made in their loved one’s memory.
A powerful way to express your appreciation for someone while supporting others. Whether celebrating a special occasion or thanking a special friend, you can set up a fund that others can support. We will acknowledge your gift with a card to the family or friend you choose to honor, excluding the amount.
Please remember to include name of person you want to honor in the check memo or attach a note with the check indicating their name and address so we can notify them that a donation has been made in their honor (excluding the amount given).
Is there a social worker, chaplain, therapist or volunteer who provided excellent care for your loved one? Express that gratitude and help others experience the same care by making a gift in that caregiver’s name. We will be sure the person or team receives your message.
Please remember to include name of person you want to honor in the check memo or attach a note with the check indicating their name and address so we can notify them that a donation has been made in their honor (excluding the amount given).
Thank you for considering Coastal Hospice as the recipient of gifts in memory of your loved one. We appreciate your thoughtfulness, especially during this very difficult time for you and your family.
For your convenience suggested wording for an obituary or other tribute, as follows:
In lieu of flowers, contributions may be made in memory of {deceased name} to
Coastal Hospice
P.O. Box 1733, Salisbury, MD 21802
or
In lieu of flowers, contributions may be made in memory of {deceased name} to
Macky and Pam Stansell House
1500 Ocean Parkway, Ocean Pines, MD 21811
As contributions are received, a list of names and addresses of those who have given in memory of your loved one will be sent to you.
We are grateful you are interested in learning about the impact of estate planning and the benefits of charitable gift planning. We have found that our planned gift donors want to do something special for Coastal Hospice because they care deeply about our organization, and the want to make a difference in the world they live in – now and in the future.
A bequest is a gift through your will or revocable trust that enables you to retain the asset during your life and provide significant support to Coastal Hospice when you no longer require the asset. You may choose a specific item, a percentage, or a residual bequest. You may also choose to make Coastal Hospice a contingent beneficiary in case the heirs are unable to receive the estate.
Legal Name: Coastal Hospice, Inc.
Federal Tax ID Number: 52-1214775
Financial accounts can be a simple and inexpensive way to leave a legacy gift for Coastal Hospice. Contact your financial advisor to see how easy the process is to make Coastal Hospice a beneficiary of a particular investment or bank.
Legal Name: Coastal Hospice, Inc.
Federal Tax ID Number: 52-1214775
In some cases, retirement assets can be the heaviest assets taxed in an estate. Naming Coastal Hospice as your beneficiary can avoid that taxation, enabling the asset to pass tax free to Coastal Hospice. You may also make Coastal Hospice a percentage beneficiary or a contingent beneficiary of a retirement plan.
Legal Name: Coastal Hospice, Inc.
Federal Tax ID Number: 52-1214775
We encourage everyone considering a planned gift to consult legal and/or financial professionals of their choosing. They can help to answer your questions, such as:
Which gift is right for you?
Which gifts are completely free of estate and other taxes?
Which gifts are subject to estate or income taxes for you and your heirs?
Which gifts can provide income? Now, deferred until retirement, or to fund (for example) children’s or grandchildren’s future college expenses?
The gift of appreciated securities is most often in the form of common stock or mutual funds. Such a gift is a valuable way to benefit Coastal Hospice. In exchange, you will receive tax benefits based on the fair market value of the assets. Other appreciated assets may be gifted, but it is important to discuss these in advance with Coastal Hospice.
You can make a gift of a policy that makes Coastal Hospice the owner and beneficiary.
Also known as Qualified Charitable Distributions (QCDs), QCDs are a savvy way for individuals age 72 or older to use their IRA’s to maximize their charitable impact by making tax-free distributions directly to Coastal Hospice.
How to Make a Charitable Distribution:
Option 1: Contact your IRA custodian and request a direct transfer to: Coastal Hospice, Inc., P.O. Box 1733, Salisbury, MD 21802. Our Tax ID # is: 52-1214775. Do not withdraw the funds to contribute yourself, or you will have to report the withdrawal as taxable income. If you are requesting the transfer at the end of the tax year, allow enough time for the transfer to complete by December 31.
Option 2: Send a gift directly to Coastal Hospice using your IRA checkbook. Allow extra time for the gift to clear in order to take a tax deduction in the current calendar year. Contact the Advancement Director, Kerrie Bunting at 410.742.8732 or kbunting@coastalhospice.org with your name, the exact amount of your gift, and the name of your IRA custodian so we can provide you with substantiation for your tax return.
You may make a life income gift by transferring securities, cash, or other property to Coastal Hospice or a trustee. Coastal Hospice or your trustee then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both.
This is an irrevocable gift of cash or securities by which you receive a predictable fixed income for life. At your passing, Coastal Hospice receives the residual value of the annuity. There may be tax benefits as well, depending upon your particular situation.
This trust is an irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or for a set term. At the trust’s termination, its assets become a generous gift to Coastal Hospice. There are potential tax benefits, dependent upon your situation.
The lead trust’s income payments are distributed to Coastal Hospice for a set period of years, after which the assets are transferred back to the grantor or whomever the grantor has named the beneficiary. This provides generous annual support for the organization now, removes the asset from the estate and passes an asset to heirs with little or no tax. There is no immediate deduction for the lead trust.
A study commissioned by the Coastal Hospice Board of Directors confirmed the unmet need for a hospice residence, and for nearly a decade the board worked with lead donors Macky and Pam Stansell to launch a capital campaign and build the Stansell House. More than $6.5 million has been raised. Donation and naming opportunities for rooms, landscapes and more remain available.
Creating an Endowed Gift allows you to help safeguard the future of Coastal Hospice in a very specific way. It is an investment in our future that will help us grow and thrive for years to come.
By spreading payments over a period of time – typically not more than five years – pledges allow donors to make larger commitments and fulfill them at a comfortable pace, while also receiving recognition through naming opportunities.
The Charter Society was established to recognize donors who gave a cumulative total of $1,000 or more during a calendar year.
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This is a widely utilized corporate giving initiative in which an employer matches their employee’s contribution to a specific cause, increasing the gift. First step is to inquire with your employer if they have a donation matching program. If they do, great! Here’s how it works.
Companies that participate in donation matching have a standard set of guidelines they follow when matching gifts. For example, most will typically match cash donations but not in-kind donations. They will also have maximum match amounts and submission deadlines. They may even have rules about what kinds of organizations they will contribute to (churches and religious organizations are often off limits). Be sure to ask your employer for these details.
If an employee donates $50 to Coastal Hospice, the matching gift would be the employer’s additional donation of $50. Instead of receiving a one-time $50 donation from you, Coastal Hospice receives $100, thanks to the employee and their employer.
Gift matching helps Coastal Hospice because it increases the gift initially made by the donor, leading to more revenue for the organization. Additionally, employees who request donation matches from their companies are essentially providing the nonprofit with free marketing and fundraising services. They are giving Coastal Hospice exposure and soliciting donations on behalf of the organization, which is a huge win for us.
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