Gift planning is an excellent way to support the Covenant Foundation. Our staff is available to assist you and your advisors with your overall estate, financial and tax planning goals.

Retirement Assets (ie. 401K, IRA, etc.)

Consider making the Covenant Foundation a secondary beneficiary of your retirement fund or consider leaving a percentage of your retirement fund to the Foundation. There may be some veryattractive tax advantages.

Bequests

Bequests are a significant way to remember Covenant Medical Center. A bequest in your will or estate plan will positively impact health care at Covenant for years to come. The legal language is provided below to assist you and your financial advisor.

Bequest for General purposes

“I give and bequeath to the Covenant Foundation, Inc. the sum of $_____,or _____% of my estate to be used for the general support purposes as determined by the Covenant Foundation Board of Trustees”.

Bequest for Specific Purpose

“I give and bequeath to the Covenant Foundation, Inc. the sum of $_____,or _____% of my estate to be used to support_____________________.

Appreciated Assets

Gifts of appreciated securities, such as stocks, bonds, or real estate are probably the most economical way for donors to make a charitable contribution to the Covenant Foundation. Gifts of appreciated assets may offer substantial tax advantages.

Life insurance

By making the Covenant Foundation a beneficiary in your life insurance policy is a nice way to make a substantial contribution without disturbing other assets. Some tax advantages may be available.

Charitable Remainder Trust

Encouraged as a method of making gifts to the Covenant Foundation. This option allows you to make a significant gift to the Covenant Foundation while increasing or retaining your retirement income.

Charitable Gift Annuity

A gift option that requires a minimum initial contribution of $10,000. This is a wonderful way to support Covenant Medical Center while simultaneously receiving a fixed income during the donor’s lifetime.

Endowments

An excellent way to leave a legacy at Covenant. A permanent designated and/or named endowment may be established with a minimum gift of $25,000. A portion of the interest is spent each year, while the principal and a portion of the gains are reinvested to continue to build the endowmentso it will be there for years to come.

Please contact Joe Surma at 319-272-7677 or joe.surma@wfhc.org for more details.