Legacy gifts through your estate
A legacy gift is a charitable gift you make through your estate plan, either a will or trust. It is a promise made today that serves your philanthropic passion at HonorHealth, benefitting our patients and community for generations to come. And it may deliver certain financial benefits to you or your heirs.
When you include HonorHealth Foundation in your will or estate plan, you will:
- Live every day knowing you have done something great for others while supporting a cause important to you.
- Enjoy peace of mind for you and your family as you clearly convey your intentions for the future.
- Continue to enjoy your assets during your life.
Are you ready to plan your will or trust? Download our FREE Estate Planning Guide. This helpful information may enable you to successfully plan your estate.
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to HonorHealth Foundation and make a lasting impact. By documenting your intentions in a bequest, you enjoy peace of mind and your family will know your wishes.
Your gift may be a percentage of your estate, a specific dollar amount or other asset, or the residue of your estate. Other alternatives are to include a bequest to HonorHealth Foundation in your will or revocable trust, designate HonorHealth Foundation as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension); or name HonorHealth Foundation as a beneficiary of your life insurance policy
The most simple and affordable way to support the HonorHealth causes you care about is to designate HonorHealth Foundation as a beneficiary on your retirement, investment or bank account or your life insurance policy. You maintain full control of these assets during your lifetime and have the flexibility to make changes at any time. Gifts of IRA and retirement assets are taxed if received by an individual but transfer tax-free to HonorHealth Foundation.
Your attorney can include the necessary language in your will, in a codicil to your will, or in a revocable living trust. You’ll also find bequest language on our comprehensive Legacy Giving website.
Charitable Remainder Trust
This special type of trust allows you to donate generously while offering tax benefits to you and your heirs. You can transfer your cash and/or appreciated property to fund a charitable trust. The trust sells your property tax-free and provides you or other beneficiaries with income for life or for a term of years. At the end of your life or the trust term, the remainder of the trust will pass to the charities that you have named as beneficiaries.
Learn more about the benefits of a Charitable Remainder Trust on our comprehensive Legacy Giving website.
Qualified Charitable Distribution (QCD) or IRA Charitable Rollover
Distributions from an IRA are treated as taxable income. A QCD is a direct transfer of funds from your IRA trustee to a qualified charity such as HonorHealth Foundation. For example, transfer your annual Required Minimum Distribution directly to HonorHealth Foundation and reduce your taxable income.
The IRA Charitable Rollover enables you to avoid taxes on transfers of up to $100,000 each year from your IRA to our organization. This type of gift is not subject to the deduction limits on charitable gifts.
Learn more about why and how to give a philanthropic gift through your IRA Charitable Rollover on our comprehensive Legacy Giving website.
Charitable Gift Annuity (CGA)
In a Charitable Gift Annuity, you transfer cash or property to HonorHealth Foundation and receive fixed payments for life for you and/or another annuitant (based on your age) at very competitive rates. You receive an immediate income tax deduction for the charitable gift portion of the annuity and payments may be partially tax-free. If you donate appreciated assets, you may also save capital gains tax. HonorHealth Foundation CGAs are administered by Merrill Lynch.
Learn more about CGAs on our comprehensive Legacy Giving website.
Gift of Appreciated Stock
A gift of appreciated securities supports your philanthropic passion without depleting cash reserves. You are eligible to receive an income tax deduction and avoid long-term capital gains tax on any appreciation.
Learn more about making a gift through stocks and bonds on our comprehensive Legacy Giving website.
Gift of Real Estate
A gift of real estate can provide you with tax benefits while making a lasting impact on our future. You can deed your property outright to HonorHealth Foundation or implement a Life Estate strategy which provides you with a current income tax deduction for making a future gift of your home, vacation home, farm or ranch to us now, while allowing you the right to continue to use the property for the rest of your life.
Learn more about how to create a Life Estate on our comprehensive Legacy Giving website.
Financial Health Advisors
HonorHealth Foundation's Financial Health Advisors (FHA) is a group of dedicated volunteers, selected by our own staff and donors, who know and support the role of philanthropy at HonorHealth. All members are community estate planning professionals-attorneys, CPAs, trust officers, certified financial planners and insurance professionals.
Learn more about our Financial Health Advisors on our comprehensive Legacy Giving website.
Transferring Gifts of Stock
For stocks held in a brokerage account, instruct your broker to transfer the stock via Depository Trust Company (DTC) using the following information:
DTC: 8862 Merrill Lynch
For further credit to HonorHealth Foundation
Account number: 234-74041
HonorHealth Foundation's Merrill Lynch contact: David Stahle, 480-752-6435
For ACH and Wire Transfers
Financial institution: Bank of America
Account name: HonorHealth Foundation
ABA/Routing number: 122101706
Account number: 457024827757
For International Wires
SWIFT /BIC Code: BOFAUS3N (wire transfers must be in US dollars)
Bank address: 275 Valencia Ave., Brea, CA 92823
HonorHealth Foundation's Bank of America contact: Yesenia Torres, 888-715-1000 x62087