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Planned Giving

Membership in the Saint Joseph Mount Sterling Foundation Legacy Society entitles me to these exclusive benefits:  

  • Invitation to Annual Legacy Society Reception 
  • Invitations to special Foundation events throughout the year
  • Placement of your name on our Legacy Society Donor Wall
  • Knowledge that you are supporting the worthwhile programs and services offered by Saint Joseph Mount Sterling

Types of Planned Gifts

Charitable Gift Annuity- This is a combination of a gift to the Foundation and an annuity.  Fixed payments will be made to the donor for life.  After all payments have been made for the life of the donor, the Foundation would receive the remainder of the gift.

Bequests- A bequest is the most traditional way to provide significant help to the Foundation.  Below are several common types of charitable bequests.

General Bequest- "I bequeath $10,000 dollars to Saint Joseph Hospital Foundation."

Percentage Bequest- "I bequeath 10% of my estate to Saint Joseph Hospital Foundation."

Specific Bequest- "I bequeath all of my Toyota Motors stock to Saint Joseph Hospital Foundation."

Residuary Bequest- This allows Saint Joseph Hospital Foundation to receive everything remaining in your estate or a designated percentage of your estate, after all necessary costs, all general bequests and all specific bequest are satisfied.

Contingent Bequest- A donor can make a primary bequest for a relative, with the contingency that if that relative is not living at the time of death, the bequest will pass to the Foundation.

Charitable Reminder Trust- This pays income to family members through a qualified trust.  After all income payments have been disbursed, the remainder is distributed to the Foundation.

Annuity Lead Trust- A fixed annuity is distributed to the Foundation for a specific time period.  At the end of that time period, the principal is distributed to family members.

Lead Trust- This is an excellent means for transferring principal to family members at a future time and saving estate taxes.  The donor directs that a portion of the estate is set aside into a lead trust.  For a selected time frame, the trust pays variable income to the Foundation.  After the selected time period as pasted, the principal of the trust is distributed to family members.

 For more information about estate planning and our Legacy Society contact us at 859.497.8855.

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