Generous hearts inspire opportunities
An opportunity to gain income and tax benefits through philanthropy.
Through careful planning, donors establish their personal financial goals in a well-conceived estate plan that includes a gift to a charitable institution like Indiana University Health Goshen. Your own estate planning represents an enormous opportunity to gain income and tax benefits through philanthropy.
An estate plan is generally the result of careful discussions with a financial planner, accountant, attorney or other qualified professional. Never try to create a planned giving strategy without professional advice; hard-earned dollars could needlessly be sacrificed to income and estate taxes in trying to save a few dollars up front.
Because financial situations vary from person to person, no single approach to estate planning is applicable across the board. Estate plans can be tailored to fit a wide variety of purposes and financial profiles. Generally speaking, a planned gift can:
- Create an estate that provides current and future financial security
- Maximize the amount of assets that will pass to heirs and beneficiaries
- Protect as much income from federal taxes as is allowed by law
- Provide continued, meaningful support for the charities that have been important throughout a person’s lifetime
IU Health Goshen is happy to work with you to find the planned giving option that best suits your personal goals and to identify potential funding opportunities.
- Charitable Trusts
- Gift Annuities
- Life Insurance
- Pooled Income Funds
- Wills
Gifts can be made in one of two ways. Unrestricted contributions are applied where the need is greatest. Restricted contributions are made to a specific program or service, such as to purchase new equipment, fund a community outreach program or support a clinical research project. If you are leaning toward a particular use for your gift but are unsure about the specifics, IU Health Goshen can help you identify potential funding opportunities. Please contact us for more information.
