By: Elizabeth McLaughlin, TCCC Foundation Director
The Tri-Cities Cancer Center Foundation supports the needs of the Cancer Center and is focused on supporting local cancer patients and their families, while providing services to build a healthier community through free early detection cancer screenings and education.
Contributions to the Foundation come in many forms, through special events, annual contributions, and gifts to recognize cancer survivors or in memory of loved ones. Many gifts are also given to the Foundation which helps continue to provide these much needed services and programs to our community for many years to come. These gifts are referred to as planned giving. Typically, a planned gift is one that will provide charitable benefit at the donor’s death. Donors may receive a charitable deduction immediately, but the Foundation will not receive any funds for its benefit until the donor passes away.
Planned giving describes a wide variety of giving vehicles that allow the donors to give to the Foundation during their lifetime and/or after their death, while meeting their current income needs and providing for their heirs.
Planned gifts can allow the donor to:
• Make a personally significant gift to the Tri-Cities Cancer Center Foundation
• Save on gift and estate taxes
• Reduce or avoid capital gains taxes
• Pass assets on to family members at reduced tax costs
• Explore the possibility of receiving income for life
Planned gifts are often thought of as ‘leaving a legacy’ because many are created to make an impact for future generations. It is surprisingly easy to arrange a planned gift. Though more sophisticated gifts will require more care, many methods are quite straightforward. An estate planning professional can help you achieve your goals and ensure an accurate and smooth process. The Tri-Cities Cancer Center Foundation can provide you with valuable information to share with your estate planning professional regarding planned giving.
For more information about how you create a lasting legacy for cancer patients in our community, please contact Elizabeth McLaughlin, Foundation Director at 509.737.3374 or via email at email@example.com.