GIFT PLANNING

GIFTS THAT SERVE A DUAL PURPOSE

Planned giving is a great way to set up gifts that provide future support for Duke Children’s while also offering significant benefits to you. Below is a brief description of planned giving opportunities that enable you to provide support you may have never imagined.

GIFT PLANNING
Life Income Gift

For you or your loved ones, these gifts can provide income for the duration of your lives or for a specific number of years. You receive a current income tax deduction as well. Payments can be fixed, variable or deferred depending on your needs and preferences.

We offer four basic types of life income gifts:

  • Charitable Gift Annuity—Provides a fixed income for life in exchange for a gift of cash or stock of $10,000 or more.
  • Charitable Remainder Unitrust—A trust that pays you and/or other recipients an income for life or designated years for a gift of $100,000 or more, and ultimately benefits your designated purpose at Duke.
  • Charitable Remainder Annuity Trust—Provides a fixed income like a charitable gift annuity but the tax treatment of the payout may be preferable for gifts of highly appreciated assets of $100,000 or more.
  • Pooled Income Fund—Combines gifts from many donors into a common investment pool with income distributed on a proportional basis for gifts of $5,000 up to $10,000.
Charitable Lead Trust

This is a giving option that can be used to transfer assets to children or other loves ones at a significantly reduced tax liability. The trust makes a fixed payment to Duke Children’s for a specified term, measured by someone's life or a number of years. After the trust term ends, the remaining assets are passed on to loved ones. Applicable estate or gift taxes on the value of that transfer are reduced or eliminated. The tax savings from a charitable lead trust may allow you to provide significant support at little or no cost to heirs in terms of ultimate inheritance.

Bequests and Other Testamentary Gifts

Estate gifts are simple to establish and allow you financial flexibility to adjust your plans depending on your needs. Like other gifts, bequests can be given without restriction or designated for specific purposes or special areas of research. Your bequest has the power to leave a lasting impact for future generations of children and families we serve.  

Gifts of Retirement Plans

Naming Duke Children’s as a primary or contingent beneficiary of a retirement plan (e.g. IRA, SEP, 401(k), 403(b), ESOP, etc.) may enable you to make a larger gift than you anticipated. That’s because income and estate taxes are not imposed when plan assets are distributed to Duke Children’s. Your retirement account's plan administrator (the company that manages the account) can help you designate Duke Children’s as a primary or contingent beneficiary on the plan's beneficiary form. 

Retained Life Estate in Property

You can generate a current income tax deduction by giving a home or farm to Duke Children’s, while retaining the right to use the property during your lifetime. The property will also be removed from your taxable estate. 

Planned gifts can be a powerful way to plan for your future, but the technical complexities require careful consideration. Contact our team and we’ll work with you and your financial advisor to create the appropriate plan.

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YOUR GIFT CREATES A BRIGHTER FUTURE FOR CHILDREN IN NEED

We appreciate every gift of every size, making sure that your generosity is used to advance medical care and provide a better tomorrow for our children. You can choose a dollar amount to give now, or continue exploring more ways that you can support Duke Children’s.