Types of Gifts

Types of Gifts

Grateful Patient Gifts

Some of the most important and meaningful gifts to University of Missouri Health Care are those designated in estate plans. A bequest, a gift made in your will or trust, can be especially beneficial if you wish to make a gift without diminishing your current assets. Other giving plans allow you to receive income payments in return for your gift and provide current or future tax benefits.

Tribute Gifts

A gift in memory or in honor of a physician, loved one, or friend is a thoughtful way to recognize a person’s life and accomplishments. When an honorary or memorial gift is made, your contribution will be acknowledged to the person or family you designate.

Endowments

With a gift or pledge of at least $25,000, you may create an endowment for technology, research, facilities or other purposes. Gifts for endowment may be in the form of cash, securities, stocks and bonds or property. Many donors also establish endowments which are funded through a gift specified in a will or trust.

Endowments are important to University of Missouri Health Care because they provide a permanent stream of income which is available year after year to sustain the highest quality of patient care.

Testamentary Gifts

Bequests are one of the easiest forms of planned giving. A bequest may be provided through a will or trust, but must be worded correctly in order to ensure that the donor’s wishes are fulfilled. Please contact us so that we may provide sample language to assist in establishing a bequest.

Donors may name University of Missouri Health Care as a beneficiary of a retirement account. This gift option may provide significant income tax and estate tax benefits.

Permanent life insurance policies may be donated to University of Missouri Health Care. Donors will obtain the greatest tax benefits by naming our organization as both the owner and beneficiary of the gifted policy.

Gifts That Give Back

Donors and University of Missouri Health Care both receive financial rewards through the following three types of gifts:

A charitable gift annuity is a simple, contractual agreement between University of Missouri Health Care and a donor in which assets are transferred to us in exchange for life payments. Payments can be for one or two persons. Rates are based on age. After the annuitant's lifetime the remainder is available to be used by University of Missouri Health Care as specified by the donor.
When donors transfer cash or other assets to a charitable remainder trust, these funds are invested, and quarterly income from the trust is paid to the donor or to others chosen by the donor. When the trust is terminated, the remaining funds are transferred to University of Missouri Health Care.
A retained life estate allows donors to contribute their home to University of Missouri Health Care while continuing to live there. The organization becomes the sole owner of the property either when donors choose to move from their home or after their lifetime.

For an illustration of a planned gift tailored to a specific request, please contact us. You should also consult with your attorneys or tax advisers for legal and tax advice.

Donor Recognition

University of Missouri Health Care recognizes that private philanthropy is vital to our future. All private donations are accepted with complete confidentiality. Donors who would like to be recognized for major and planned gifts may select membership in the Jefferson Club or the Legacy Society.

The Jefferson Club was created in honor of Thomas Jefferson, whose principles of higher education were used to establish the University of Missouri-Columbia as the first state university located in the Louisiana Purchase territory.

The Legacy Society honors donors who have provided gifts through a variety of estate-planning methods, such as bequests in a will or trust, charitable remainder trusts, or gifts of life insurance.