In Your Estate Plans

Naming Agrace HospiceCare as the beneficiary of your IRA or other retirement account is an easy way to support our mission and take advantage of tax benefits at the same time.

Gifts of life insurance allow donors to make sizeable gifts to the Agrace HospiceCare Foundation at a relatively low cost. No other kind of gift can magnify the donor’s original contribution as much as a gift of life insurance. The annual premiums are deductible, if you itemize.
There are several ways to give life insurance:
• You can name Agrace as the primary, secondary, remainder or residual beneficiary of an existing policy.
• You can establish a new policy and name Agrace as the irrevocable beneficiary.
• You can donate a policy you no longer need.
• You can use life insurance to replace the value of gifts to Agrace.

Significant tax advantages usually accrue to donors making outright gifts of appreciated real estate. Benefits to the donor include a full fair-market value charitable deduction, up to 30 percent of adjusted gross income, with a five-year carry-over provision and no capital gains tax on the property appreciation. Gifts of real estate will be credited at their appraised value at the time the gift is made. Agrace reserves the right to either accept or reject any offer of real estate.

Life estate gifts are gifts of a residence, farm, or vacation home. The donor will receive a charitable tax contribution at the time of the gift, and the donor retains a life estate in the property (continues to use the property for life). After the lifetime of the donor, Agrace accepts ownership of the property.