Estate & Planned Giving

Leave A Legacy

A planned gift is much more than a financial decision. It's a personal statement about who you are, what you care about and what will be your legacy. Montrose Memorial Hospital depends on people like you to ensure that our patients receive compassionate and state-of-the-art care.

Designating Montrose Memorial Hospital as a beneficiary costs nothing during your lifetime, can easily be revoked if your circumstances change and can allow you to contribute more than you would normally be able to give.

Whether you want to make an impact on our work today or benefit us after your lifetime, you can find a charitable plan that lets you provide for your family and support Montrose Memorial Hospital. Please talk to your tax, financial or legal advisor to make decisions best for your own situation. Your gift will make you eligible for membership in our Evergreen Society.

Planned Giving Options Include:

A Planned Gift not only communicates your belief in the mission of Montrose Memorial Hospital, but also provides peace of mind knowing your family will enjoy the benefits of quality healthcare for generations to come. For more information, please contact:

Montrose Memorial Hospital | Office of Philanthropy
Jenni Sopsic, Executive Director
800 S. 3rd Street
Montrose, CO 81401

Please download and fill out the Planned Giving Notification Form. Once completed you can send it to the address provided on the form or drop it off at the Office of Philanthropy in Montrose Memorial Hospital.


 

Will (Bequest)

Interested in helping Montrose Memorial Hospital with our mission but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest.

By including a bequest to Montrose Memorial Hospital in your will or living trust, you are ensuring that we can continue our missions for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

Charitable Remainder Trust

Looking for a way to give Montrose Memorial Hospital a significant gift? If you have built up a sizable estate and are also looking for ways to receive reliable payments, you may want to check out the advantage of setting up a charitable remainder trust. 

Benefits of a charitable remainder trust include:

  • A partial charitable income tax deduction
  • Potential for increased income for the grantor during his or her lifetime
  • Ability to defer capital gains tax on highly-appreciated assets

There are two ways to receive payments with charitable remainder trusts:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Life Insurance

A donor may name a charity as the beneficiary at death for a life insurance policy or portion of the policy. Paid-up life insurance policies can also be donated to a charity for an income tax deduction. It is, not only, an easy way to give, but it's also flexible as you aren't locked into the choices you make today. You can review and adjust beneficiary designations anytime you want; plus, a gift of life insurance is a tax free donation.

IRA's

Qualified charitable distributions (QCD's) have been permanently extended. Individuals can donate up to $100,000 per year directly from a traditional or Roth IRA to qualifying charities. QCD's can be used to satisfy required minimum distributions (RMD's) from an IRA without having the distribution included in their income.

Donor Advised Funds

Are you looking for an easy, cost-effective way to support Montrose Memorial Hospital and other causes you love? A donor advised fund, which is like a charitable savings account, may be the right choice for you.

Here's how it works: You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend, but not direct, how much and how often money is granted to Montrose Memorial Hospital or other charities, sometimes as easily as using a Web portal. In doing so, you avoid the cost and complexities of managing a private foundation.

What do you receive in return? An immediate federal income tax charitable deduction at the time you contribute to the account, and the power to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location. Maybe, best of all, you can start a legacy of giving by letting your children help decide which grants to recommend.

Endowed Gifts

A gift in your estate plan to our endowment provides a brighter picture for our future. Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Montrose Memorial Hospital. The remaining funds are reinvested to ensure indefinite support.