Leave the Legacy of Good Health

Max Kane was passionate about supporting Sierra Nevada Memorial Hospital. Leaving a bequest gift in his Will for the Cancer Center was important to him. “I will never forget the time that Max got up at a golf tournament in Lake of the Pines and announced the gift he left in his Will and encouraged everyone to consider that same,” said Kimberly Parker Executive Director of Sierra Nevada Memorial Hospital Foundation. “Max and his wife Virginia’s gift through their estate planning helped to build the new Infusion Center at the Hospital which now serves about 9,500 infusion therapies a year.” 

For a private, confidential consultation on how you can leave a lasting legacy like Max and Virginia, please call Kimberly Parker at (530) 477-9700 or email Kimberly.Parker1@dignityhealth.org. Leaving a legacy for the future health of our community for generations to come is a thoughtful and impactful way to support Sierra Nevada Memorial Hospital Foundation. There are simple and tax savvy ways to give that will benefit you, your family and our community.

Ways to Leave a Legacy

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

Unrestricted Bequest: “I give to Sierra Nevada Memorial Hospital Foundation the sum of $____ for its general purposes.

Specific Asset Bequest: “I give my _____(asset-specify) to Sierra Nevada  Memorial Hospital Foundation.”

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.”

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.

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.

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.

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/