Leave the Legacy of Good Health
Sierra Nevada memorial Hospital Foundation - Tax ID 68-0005939

"My THANKS for all that you do and have done for myself and many others. Your dedication, team work and chorography in handling all the patients, to me, is fantastic. God bless to you all."

 - Max and Ginger Kane


The IRA Charitable Rollover

To avoid paying tax on your required minimum distribution and being pushed into a higher tax bracket, many IRA owners choose to take advantage of the IRA Charitable Rollover.

If you are 70½ years old or older, you can take advantage of a savvy way to give to SNMH Foundation and receive tax benefits in return.

You can give up to $100,000 from your IRA directly to SNMH Foundation without having to pay income taxes on the donation.

Note that, because the transfer is not included in taxable income, there is no charitable income tax deduction. However, it still carries the same economic impact. Consult directly with your IRA administrator and call Kimberly Parker or Sandra Barrington at (530) 477-9700.

Bequests

The most popular planned gift is the simple charitable bequest, or making a gift in your will.  When you make a charitable bequest, you retain full use of your property during life, so there is no disruption of your lifestyle, and no immediate out-of-pocket costs.  Bequests can take many forms and can be of any size, including specific bequests, percentage bequests, and residual bequests, based on what works best for you and your family. We have received bequest gifts starting at $1,000 and these gifts make a significant impact as well!

Sample Bequest Language

  • Cash/General Pecuniary: “I give to Sierra Nevada Memorial Hospital Foundation the sum of $____ for its general purposes or (specify area of need)."
  • Specific Asset Bequest: “I give my _____(asset-specify) to Sierra Nevada Memorial Hospital Foundation for its general purposes or (specify area of need)."
  • Bequest of Residuary Estate: “I give to Sierra Nevada Memorial Hospital Foundation ___ percent of the rest, residue and remainder of my estate, for its general purposes or (specify area of need)."

Charitable Remainder Trusts

This special kind of trust enables a donor to make a future gift to SNMH Foundation after providing for themselves and their family and/or heirs after death.  The donor establishes a trust to provide income to beneficiaries with the provision that the principal remaining in the trust is to go to the designated charity after the death of the last beneficiary.

Retirement Funds

For those who may have significant retirement assets, potential estate and income taxes on any part of those assets that might still be in one’s estate at death may be avoided by making SNMH Foundation the beneficiary of any unused plan assets.

Marketable Securities

These securities are often individual stocks, but may be bonds or shares of mutual funds.  Outright gifts of securities can be made quickly and easily and can enable you to do more with your gift because of the tax benefits. Click here for our stock donation form.

Life Insurance

When the added protection of an insurance policy is no longer needed, transferring the policy’s ownership to SNMH Foundation can result in tax benefits for you and a generous gift to support local healthcare. You can also include SNMHF as a beneficiary, contingency beneficiary or owner of a new or existing policy.


This information is not intended to be legal or tax advice. Always consult with a professional advisor first.  For a list of local professionals please visit the Gold Country Estate Planning Council website at http://estateplanningcouncil.net/