Make a Difference Without Affecting Your Current Cash Flow
Would you like to make a generous gift to Pen Bay Healthcare without using any of your current income? It is possible with a planned gift.
A planned gift allows you to make a gift later if you are not able to give one now, or you can make a final gift after a lifetime of giving. To leave a legacy, you must first find the right strategy for you.
A bequest in your will to PBH is an easy way to make a difference without affecting your current cash flow. You can leave a specific dollar amount or a percentage of your estate. You may also bequeath property or specific assets. Adding a bequest to your will is easy—have your estate planning attorney contact us for our formal bequest language—and it can easily be amended or changed.
In many cases, legacy gifts keep giving past your lifetime. For example, an endowed gift provides permanent support by using only a small fraction of the fund you established while the majority of the fund remains invested for the future. Focusing on methods of giving that endure and choosing an organization, cause or program that is close to your heart enable you to preserve your values for future generations.
One final strategy is leverage. A life income gift allows you to make a gift in trust; in return, you receive an annual amount for life. This type of plan provides you with needed retirement income, and the remainder leaves a legacy for tomorrow.
Call us today to talk about designing a legacy—large or small—that will represent your enduring values. There is no obligation, and any information you provide will be kept confidential. Please call Philip F. McKean, PhD, CFRE at 207-594-6717, or e-mail us at pmckean@penbayhealthcare.org, for more information.
The information on this site is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.
