Froedtert Menomonee Falls Hospital’s founders pursued a vision they had for our community. Their goal was to create a state-of-the-art hospital for future generations. Today, Froedtert Menomonee Falls Hospital stands as a proud testament to their success.

No one can predict what challenges lie ahead for the next generation in our community. However, like our visionary founders, your goals may include commitments to family and community. By including Froedtert Menomonee Falls Hospital Foundation in your estate plan, through a bequest in your will, charitable gift annuity, trust, retirement plan or other estate gift, you can be sure Froedtert Menomonee Falls Hospital will remain a vital health resource for those who will need our care and compassion tomorrow and into the future. Your gift will make you eligible for membership in our Evergreen Society, along with other caring individuals who have invested in the future of Froedtert Menomonee Falls Hospital through a planned gift.

Planned Giving Options include:

A Planned Gift not only communicates your belief in the mission of Froedtert Menomonee Falls Hospital Foundation, 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:

Froedtert Menomonee Falls Hospital Foundation
W180 N8085 Town Hall Rd.
Menomonee Falls, WI 53051
Phone: 262-257-3769

Give more, save taxes through wise estate planning

The IRS values everything you own at death as part of your estate, including property, stock, life insurance, IRAs, retirement plans, business interests, CDs, checking accounts and so forth. When the value adds up to more than $675,000, the government will begin taking a sizeable percentage of the value in taxes.

Gifting is the principal way to reduce an estate to avoid estate taxes. Gifts to loved ones are one type of gifting allowed. A parent or grandparent, for example, while living, can give up to $12,000 per person per year to any number of children, grandchildren, nieces, nephews and others.

Gifts to charities can be made during lifetime or after death to effectively reduce an estate to avoid estate taxes. With proper estate planning, gifts to charity don’t significantly reduce money left to heirs. Gifts can reduce taxes owed to government and benefit the causes most important to you. These can be outright gifts of cash, stock or property that yield immediate tax benefits in the year the donation is made, or a deferred gift that can benefit your favorite charity and significantly reduce your estate tax liability. The best gift option for you will depend on your own personal circumstances — age, financial situation, retirement plans, family needs and life goals. Please talk to your tax, financial or legal advisor to make decisions best for your own situation.

The most common types of planned gifts include:

Will (Bequest)

After taking care of family needs, donors may leave a dollar amount or percentage of their estate to charities important to them. This will reduce the value of the estate subject to estate taxes. More importantly, even if estate taxes are not an issue, bequests provide needed support for causes you believe in, and create a legacy of giving that may continue with future generations. Creating or changing a will is best done with the help of an attorney. To make a bequest to the Hospital, consider wording such as:

“I give and bequeath to Froedtert Menomonee Falls Hospital Foundation, a non-profit fund-raising entity for Froedtert Menomonee Falls Hospital of Menomonee Falls, WI, ($ dollars) or (a specific asset) or (% remainder of my estate) to be used for (the Cancer Center, General Funds, or any other program, department or need area).”

For gifts to the Foundation’s endowment fund, which will support Hospital programs for generations to come, use language such as:

“My gift is to be placed in the Froedtert Menomonee Falls Hospital Foundation Endowment Fund and only the interest used to support general Hospital needs (or a specific program, department or need area).”

Charitable Remainder Trust

A Charitable Remainder Trust (CRT) can fulfill a donor’s desire to make a gift to charity, benefit any number of heirs and retain some income for life. These can also be funded with cash, stocks or property, and offer tax advantages of reducing current income taxes, avoiding capital gains taxes on appreciated stock or property, and reducing the donor’s taxable estate. CRT’s provide an excellent way to diversify a portfolio of closely-held stock or shelter proceeds from the sale of a business or real estate without triggering a hefty capital gains tax.

Charitable Remainder Trusts are designed to provide annual income to the donors and/or their heirs for life, and the “remainder” becomes a charitable gift to one or more charities designated by the donors. Generally CRTs are an option to consider for donors planning on giving $100,000 or more to charity during life or through an estate.

Trusts are legal entities and are best established through an attorney specializing in estate planning. The benefit is that a Charitable Remainder Trust can be set up to meet almost any goal of a donor who has sincere intent to make a gift to charity.

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. These gifts can be made without incurring attorney fees, by simply filling out the appropriate forms from the insurance company or broker.

IRAs or Retirement Plans

Retirement plan assets such as IRAs and 401(k) plans make up a sizeable portion of today’s estates. Naming a charity directly as beneficiary of an IRA or other qualified retirement plan will avoid probate and will reduce the value of the estate that might be taxed. In addition, gifting an IRA will mean that the donor’s heirs will not have to pay income taxes on the IRA when the estate is settled. Since a charity is income tax-exempt, those taxes are avoided. Therefore, IRAs and retirement plans are the most advantageous assets to leave to a charity rather than to children or other heirs.

Gifts of Real Property

If you have owned your vacation home, farm, or other property for many years, it may have appreciated in value so much that its sale would result in a sizeable capital gains tax. If you give the property to Froedtert Menomonee Falls Hospital Foundation instead, you avoid the tax and realize a charitable deduction for the full fair market value of the real estate.

Alternatively, if you own your primary residence and wish to continue to use the property, you may designate the Foundation a remainder interest in the property. This designation will allow you to remain in your home and enjoy a current income tax deduction. After your lifetime, the property passes to Froedtert Menomonee Falls Hospital Foundation.

Transfer on Death (TOD)

Transfer on Death (TOD) is a legal agreement that allows assets held in an investment account to bypass probate and be transferred to named beneficiaries (including charities) at the time of the account owner’s death. In additional to saving time and costs, TOD can help simplify an estate by allowing assets to be transferred quickly and efficiently as directed by the account owner. A Payable on Death agreement applies to bank accounts and offers similar benefits. Consult your investment manager or bank for details on these agreements.

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