Philanthropy typically accounts for 45% of The Hastings Center’s annual revenue. Popular ways to give include Cash, Check, Securities, DAFs, or IRAs. However, gift planning (sometimes referred to as planned, legacy, or estate giving) offers many other options for supporting our work.
Interested in learning more? Ask yourself these four questions—or contact Ryan Sauder (email@example.com; 717-468-5835, cell)—to begin your gift planning journey:
- If you suddenly discovered you actually had the resources to do so, would you choose to advance The Hastings Center’s leading work in bioethics??
- Which of your resources or assets might you be able to use, and what practical steps would need to be taken?
- What are some of the available gift planning techniques—or “vehicles”—that will help you ensure the best possible charitable outcome?
- How can you shape that charitable outcome, not only for the good of the Center’s mission, but also for the well-being of yourself and your family?
Learn how notifying Hastings of such future gift intentions can unlock an immediate matching donation from a generous benefactor through our Legacy Gift Challenge.
Please contact Ryan Sauder (firstname.lastname@example.org; 717-468-5835, cell) to discuss your unique situation and consider possible gift planning opportunities with The Hastings Center.
Generous people like you have used various assets and giving vehicles to include The Hastings Center in their longer-term philanthropic planning and, by so doing, joined The Beneficence Society—our legacy gift society.
Below are just a few examples of the many possibilities:
Naming Us in Your Retirement Plan or Similar Assets
While you may transfer many of your assets through your will or living trust, a document called a beneficiary designation controls distribution of your retirement plans, life insurance policies, commercial annuities and a variety of financial accounts.
Bequest Intentions via Will or Revocable (e.g., Living) Trust
You may make a bequest or gift through your estate by including a provision in your will or living trust, or by naming Hastings Center as a beneficiary of a retirement plan or life insurance policy. The amount left to the Center (or any charity) can be expressed as a dollar amount or as a percentage of the assets to be given.
Retained Life Estates
It is possible for you to donate your home, farm, or a second home to the Center and receive an immediate income tax charitable deduction, while retaining the right to live in your home for the rest of your life. If you itemize your deductions instead of taking the standard deduction you could save significant income taxes.
By selling a valuable asset, such as real estate, to The Hastings Center for less than it is worth, it is possible for you to make a gift to Hastings Center and receive immediate cash.
Gifts that Pay You Income for your Lifetime
There are ways you could make a gift that offers you an immediate charitable income tax deduction, a stream of reliable payments throughout your lifetime, and a remainder benefit for Hastings Center that could be included in your estate and gift planning.
Charitable Lead Trust
There is a way you can make a substantial gift to Hastings Center in the form of fixed annual payments and pass assets to your family or other heirs at reduced tax cost.
The information on this website is not intended as legal or tax advice. Please consult with your own attorney or tax advisor before committing to any of the gift planning ideas, suggestions, or techniques illustrated or described above.
The Beneficence Society—named after a foundational bioethical principle denoting the desire and intent to “do good”—comprises benefactors who are acting today to ensure the bioethical practices of tomorrow. By joining, you help to ensure that the values you are eager to secure and protect continue to inform the rapidly evolving fields of health, science, and technology—now and in the future.
Members of The Beneficence Society have told us that they have included The Hastings Center in their estate or retirement plans. Such “planned gifts” to The Hastings Center are easy to set up. They often can provide tax benefits as well.
The Beneficence Society allows us to recognize and celebrate today our benefactors’ intentions to support Hastings’ enduring mission through their gift and estate plans in the future.
Right now, The Robert W. Wilson Charitable Trust is generously sponsoring a legacy challenge that will make new bequests to The Hastings Center even more impactful.
Gift intentions formalized after September 1, 2021, and accompanied by this simple downloadable Hastings Legacy Challenge Grant Response Form, will trigger an immediate contribution by the Trust to The Hastings Center’s annual fund: either 10% of the anticipated future value of the gift intention (up to $20,000 per bequest) or $1,000 if the anticipated future value is not known or shared.
Chief Advancement Officer Ryan Sauder is happy to answer questions and provide additional details about gift planning, the legacy challenge, and The Beneficence Society. Thank you for considering ways to further secure The Hastings Center’s long-term impact.