Planned Giving

Make a substantial gift to Treasure Coast Hospice Foundation in the form of fixed annual payments and pass assets to your family or other heirs at reduced gift and estate tax cost. 

charitable lead annuity trust may be right for you if:

  • You have substantial assets that you do not need currently for your own financial security.
  • You want to provide for your family or other heirs.
  • You want to save gift taxes, estate taxes, and probate costs.
  • You want your gift to make a difference at Treasure Coast Hospice starting immediately.
  • You could consider a gift of $100,000 or more to benefit Treasure Coast Hospice and your heirs.
 

How Your Gift Helps

Your gifts to Treasure Health help us to partner with patients, families and the community to enable well-being through extraordinary care, specialized services and life-enhancing education. It will provide Treasure Health with the resources to…

be an inspirational community partner that allows people to drive their own destinies for the highest quality of life;
deliver a family of services including palliative care, hospice care, pediatric care and grief support;
uphold our commitment to make every moment count for our community members while providing the highest quality compassionate care.

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Separate trust
A charitable lead annuity trust is a separate taxable trust governed by an irrevocable trust agreement. You choose the trustee who is responsible for administering your lead trust and guiding the investment of its assets.

Irrevocable gift 
A charitable lead annuity trust is an irrevocable arrangement. Once you transfer assets to create the trust, you cannot change your mind and get the assets back. This requirement assures that all of the payments promised in the trust agreement will go to support Treasure Coast Hospice.

Make fixed payments to Treasure Coast Hospice each year
Your lead annuity trust makes payments to Treasure Coast Hospice each year of a fixed amount for as long as the trust lasts. Your lead trust can make payments to more than one charity, if you wish.

You choose the payment amount
You choose the amount that your lead annuity trust must distribute to Treasure Coast Hospice Foundation each year. Lead trust donors typically select a payment amount that is likely to preserve a substantial remainder for family or other heirs. Payments are usually made in annual installments, but semiannual or quarterly installments are possible. 

Remaining assets to heirs 
When your charitable lead annuity trust ends, all remaining principal in the trust will be transferred to the family members or other heirs you choose.

How long can my lead trust last?
While most lead annuity trusts last for a specified term of 10-20 years, other terms are possible. Your lead annuity trust can last for one or more lives or for a specific length of time, or for a combination of lives and years. The term length you choose will depend on when you want your heirs to receive their trust distribution and the size of the gift or estate tax charitable deduction you want the trust to generate, as well as other factors.

Tax benefits 
Unlike other charitable trusts, the charitable lead annuity trust generates a gift or estate tax charitable deduction, not an income tax charitable deduction.  

  • Reduce or eliminate gift or estate tax on gift to heirs if your estate exceeds the then applicable estate tax credit. 
  • Avoid all gift and estate tax on asset growth.

When you transfer assets to your lead annuity trust, you make a taxable gift to the individuals who will receive your trusts principal when it ends. However, your gift of payments to Treasure Coast Hospice earns you a gift or estate tax charitable deduction in the year of your gift that will reduce, and in some cases, eliminate, your taxable gift if your estate exceeds the then applicable estate tax credit.

Some lead annuity trust donors make a point of picking a term length and payout rate that reduces their taxable gift to zero. Doing so eliminates any possibility that they will have to pay gift or estate tax on their gift. 

In addition, the assets in your lead annuity trust are removed from your taxable estate. This means that any growth in the value of your trusts assets during its term can be passed on to your heirs completely free of gift and estate taxes.

Taxation of the trust 
A lead annuity trust is a taxable trust. However, a lead trust pays income tax only if its income exceeds the amount it pays to Treasure Coast Hospice during the year. A careful trustee can balance your lead annuity trusts income against its charitable payments in order to minimize the income taxes paid by the trust.

Lead annuity trusts for grandchildren 
Lead annuity trusts for the benefit of grandchildren present special tax planning challenges related to a tax called the generation skipping tax. For example, you may want to consider creating a charitable lead unitrust in this situation, as it is easier to plan for generation skipping tax issues when creating a lead unitrust than when creating a lead annuity trust. Please be sure to talk to your advisors or to us about these tax considerations

Suitable funding assets
You can fund your lead annuity trust with many different kinds of assets. All of the following assets can work well:

  • cash
  • securities
  • a closely-held business
  • commercial property
  • a combination of these assets

Assets that are likely to increase substantially in value over time can be especially attractive candidates for transfer into a lead trust.

Unlike with many other planned gifts, it can be problematic to fund a lead trust with highly appreciated property. Since a lead trust is fully taxable, selling a highly appreciated asset may cause the trust to owe taxes that will deplete its principal. You will want to work closely with your advisors to pick an asset or combination of assets that will best achieve your goals for your gift.

Example

Orson Murray spent his career building a successful manufacturing business, which he sold a few years ago for $10,000,000. He and his wife, Ann, have three children who are in their 30s. Orson has been reviewing his estate plan with an eye toward adding a major gift to Treasure Coast Hospice. Funding a charitable lead annuity trust offers an excellent way for Orson to provide generous support to Treasure Coast Hospice and pass assets to his three children. Orson chooses to create a $2,000,000 lead annuity trust that will pay $130,000 to Treasure Coast Hospice each year for 20 years.

Benefits

  • The Murrays' three children will split approximately $2,409,955* when the trust ends.
  • The Murrays will earn a gift tax charitable deduction of $1,831,000**.
  • The assets used to fund the trust will not be taxable in their estate.
  • Treasure Coast Hospice will receive $2,600,000 from the trust over 20 years.

* Assumes the trust assets earn a 7% annual net return.
** The Murrays'’ estate or gift tax charitable deduction may vary depending on the timing of their gift.

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A Message from Our CEO

Susan de Cuba

President and Chief Executive Officer

Few creatures inspire as much wonder as the hummingbird. Tiny, yet strong enough to migrate 500 miles across the Gulf of Mexico, this brilliant bird is the ultimate symbol of resilience. So it’s only fitting that we have incorporated a hummingbird into our new look and logo to symbolize our organization’s life-affirming mission.

Under the Treasure Coast Hospice name, we have grown our services beyond our cornerstone hospice program to include palliative care, grief support counseling and specialized pediatric care. To better reflect our expanded scope of community services, we have changed the name of our parent organization to Treasure Health, while our flagship hospice program will continue to be called Treasure Coast Hospice.

Hospice will always be the heart of our mission. The same outstanding care the community has known since 1982 will continue. The experience we’ve gained during the past 35 years translates well to other services that improve quality of life. Our full spectrum of support includes Treasure Coast Hospice, Treasure Health Palliative Care, Treasure Health Pediatric Care and Treasure Health Grief Support.

With all of our services, our goal is to empower patients and families with the knowledge and support they need to make every moment count.  Guiding our efforts is a caring community of health professionals, volunteers and donors. Like me, they believe that in all stages of illness, everyone deserves to experience the best possible quality of life.

With our comprehensive, compassionate approach to palliative care, hospice services and grief support, we are building communities that allow people to drive their own destinies for the highest quality of life in every health circumstance.

We are excited to embrace a fresh brand that helps us promote our life-affirming philosophy and look forward to having you join us as a trusted partner in supporting our community’s healthcare journey.

For more, see our spring newsletter
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Five Wishes ®

“Five Wishes ®” is an easy-to-use legal document written in everyday language to help you plan how you want to be cared for in case you become seriously ill. It is America’s most popular living will.

You decide: With more than 18 million copies in circulation, “Five Wishes ®” helps you express what you want in the areas that matter the most to you: personal, spiritual, medical and legal. It helps you describe what good care means to you, whether you are seriously ill or not, so your caregiver knows exactly what you want.

Gift to your family: “Five Wishes ®” can help start and guide family conversations in advance of serious illness, so completing it is a gift to your family, friends and also your doctor. It keeps them out of the difficult position of having to guess what kinds of treatment you want or don’t want.

Meets Florida law: “Five Wishes ®” meets the legal requirements for an advance directive in Florida and 41 other states. All you need to do is check a box, circle a direction, or write a few sentences. Once it is signed and witnessed, your “Five Wishes ®” becomes a legal document.

To learn more about “Five Wishes ®”or to schedule a presentation for your group or community, please email Craig Perry  in Martin County or Tracey Kinsley in St. Lucie County.