The Towbin Heritage Society
An Investment in the Future of Our Community

Making a Difference: Your Future, Your Values, and Your Legacy
How you plan your finances and estate will have a profound impact on you, your heirs and your community. Charitable gift and estate planning designs are some of the most powerful planning tools available for you to ensure your financial security, leave an appropriate family legacy to your heirs, and leave a lasting legacy to your community.

Bequest
A gift to Arkansas Hospice at time of death. This is the simplest type of planned gift and is often the most realistic way for many people to provide a meaningful contribution. You can designate a specific dollar amount, or name Arkansas Hospice as a beneficiary of a percentage of the remainder of your estate. You can retain ownership and use of your property during life, be eligible for an Estate Tax Deduction, and still benefit Arkansas Hospice.

Charitable Gift Annuity [CGA]
In exchange for a gift of cash or property, Arkansas Hospice agrees to make fixed payments for life. A gift annuity contract provides fixed payments to one or two individuals for life, a portion of each gift annuity payment to you is tax-free, annual gift annuity payouts are based on your age and rates are higher for older donors, and you receive a current federal income tax deduction.

Charitable Remainder Trust [CRT]
A CRT is a special tax exempt trust to which you can give appreciated stock or real estate. The trust then provides you with an income stream for life, and upon your death, all assets remaining in the trust pass directly to Arkansas Hospice. You also bypass all capital gains taxes on the appreciated property and receive a current charitable income tax deduction.

Charitable Lead Trust [CLT]
A CLT is a trust that receives cash or property from you, and makes payments to Arkansas Hospice for a specified period. At the end of the period, the trust distributes property to a specified beneficiary, usually family. You receive a gift or estate tax deduction for the present value of payments going to Arkansas Hospice.

Life Insurance
A gift of life insurance enables you to make a substantial future gift to Arkansas Hospice without financial impact during your lifetime. You can donate a policy you already own that no longer serves its original purpose, a policy you buy to specifically benefit Arkansas Hospice, or a policy in which you name Arkansas Hospice as a contingent beneficiary.

Retirement Plan Assets
Retirement plan assets (IRAs) are different from most other assets a person owns. At death, most retirement plans are subject to an estate tax and income tax. Because of the income tax levied on most retirement plan assets when they are transferred, those assets are ideal to fund a charitable gift at death.

Real Estate
Almost any type of real estate can be given to Arkansas Hospice. Gifts can be made outright during your lifetime or through a bequest. You can also donate property to Hospice now, while retaining the right to use it for the rest of your life. A Gift of Real Estate must be approved by the Hospice's Board of Directors.

Endowment Gifts
An endowment gift is retained in perpetuity, enabling it to grow and provide ongoing support for future generations. This type of giving can be a wonderful legacy for you and your family. Arkansas Hospice currently has a growing endowment to help insure the future of our charitable care program.

Paid On Death (POD) Accounts
This is an easy way to give a gift to Arkansas Hospice without a lot of financial obligation. You can set up a checking or savings account and name Arkansas Hospice as the beneficiary upon your death.