Often the easiest to arrange, many donors support us through gifts of cash, checks, credit cards (Visa/MasterCard), securities or stocks, real estate and in-kind gifts.
One of the following trust options may be the best fit for you:
Charitable Remainder Annuity Trust – A trust that pays a set income annually.
Charitable Remainder Unitrust – A trust that pays a fixed percentage of the trust’s assets.
Charitable Lead Trust – A trust that pays a fixed or variable income to the Cloquet Community Memorial Hospital Foundation for a set term, and then passes to heirs.
Bequests in Wills
Please tell us if you have named the Cloquet Community Memorial Hospital Foundation in your will. We would love the opportunity to share our appreciation. If you are considering this option, an example of bequest language for the Cloquet Community Memorial Hospital Foundation is: “I, (name) give, devise and bequeath to the Cloquet Community Memorial Hospital Foundation (written amount or percentage of the estate or description of property) for its unrestricted (without conditions attached) use and purpose.” Should you like to restrict your bequest, please consult with Cloquet Community Memorial Hospital Foundation when you make your will to be certain your intent can be accomplished.
You may name Cloquet Community Memorial Hospital as the beneficiary for income tax deductions.
By naming Cloquet Community Memorial Hospital as the beneficiary of the remainder of the assets after your lifetime, you can avoid leaving heavily taxed gifts to heirs.
For more information on how you can donate to and support the mission of the Cloquet Community Memorial Hospital Foundation, please contact Elizabeth Simonson at 218.878.7652 or ESimonson@cloquethospital.com. We will be honored to work with you to ensure your wishes are carried out in the manner that you request.
This information is not intended as legal, tax or investment advice. For such counsel, please contact an attorney, tax or investment professional.