Planned Giving

Consider giving to The MetroHealth Foundation as part of your estate and long-term financial planning. Planned gifts allow you to achieve financial goals while creating a personal legacy.

Planned Giving: Deferred/Life Income Gifts

Charitable Gift Annuity (CGA)

Enter a charitable gift annuity contract with The MetroHealth Foundation that pays a set amount for one or two lives. This provides you with current and future savings on income taxes and gives you fixed payments for life.

Charitable Remainder Annuity Trust (CRAT)

Secure a fixed income and supplement your retirement funds by creating a charitable trust that pays you a set income annually, with the remainder passing to MetroHealth. This offers you fixed payments for life and an immediate income tax deduction.

Charitable Remainder Unitrust (CRUT)

Create a hedge against inflation over the long term and supplement your retirement income by creating a trust that pays you a fixed percentage of the trust’s assets as revalued annually, with the remainder passing to MHF. This provides you with variable income for life and an immediate income tax deduction.

Charitable Lead Trust (CLT)

Establishing a trust that provides income to MetroHealth over a set period allows you to make a gift but retain the property in your family. At the end of the term, the assets are returned to you or distributed among your family.

Retained Life Estate

For a valuable charitable income tax deduction, you can give the deed for your personal residence, vacation home or other property to MetroHealth now while continuing to live there.

Planned Giving: Testamentary Gifts

Will or Trust Bequest

A bequest in your will or trust is a simple and effective way to leave a legacy without affecting your cash flow and asset base. Work with your attorney to make a provision in your will or trust for a percentage or specific amount to support MetroHealth after you’re gone.

Retirement Plan Assets

When you designate MetroHealth (or any other tax-exempt entity or charity) as a beneficiary of a percentage of your 401(k), 403(b), IRA or other retirement account, there will be no income tax due on the account. You can fulfill your charitable intent while leaving more “after-tax assets” available to benefit your heirs.

Payable-on-Death (POD) and Transfer-on-Death (TOD) Beneficiary Designations

You may name The MetroHealth Foundation as the beneficiary of title bank accounts with POD designations and/or brokerage or investment accounts with TOD designations. Such a designation causes whatever balance is held in the accounts at your death to be transferred to the named beneficiary regardless of the terms of your will or trust, and it happens without probate court involvement, so there is relatively little transaction cost, and the transfer remains out of the public record.

If you are interested in planned giving, contact Lynn Iams to learn more: [email protected], 216-389-8623