Turn Your Annual Gift Into a Forever Gift

04/29/2019

Your annual gift can become
a forever gift.

Annual gifts are a critical lifeline for Banner Health. Many of our patient care programs, research initiatives, community health education offerings, and “extras” that make the hospital experience better depend on these reliable, ongoing charitable gifts.

If you’re an annual donor, you know first-hand the satisfaction that comes from making a difference—and we deeply appreciate your generosity. But as you look to the future, you may wonder what will happen to the programs made possible through your gifts once you’re gone. How can you make sure your generosity continues forever?

One option is to make a gift in your will or trust to establish an endowment.

An example of how it could work

Let’s say Jerry makes an annual donation of $2,500 and would like to continue his support after his lifetime. His estate planning attorney suggests that Jerry include a provision in his will to fund an endowment with a gift of $50,000. Once funded, we will use a portion of the endowment each year to fund the program of Jerry’s choosing. The remainder is reinvested, which allows it to grow and support annual payouts indefinitely.

This generous arrangement replaces Jerry’s $2,500 annual gift after his lifetime.* As a result, Jerry’s favorite Banner Health program receives the benefit of Jerry’s generosity forever.

Give in their name

You can use an endowment gift to honor someone important to you who appreciates the work we do. Consider designating your endowment in his or her name as a way to celebrate the excellent care they received in a Banner Health medical center.

Learn more

To learn how to turn your annual gift into a forever gift, contact Pat Elder at 602-747-4485 or patricia.elder@bannerhealth.com.

The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.

*  Assuming 5 percent ($2,500) is used by the fund annually