Legacy & Planned Gifts

Bequests to Lower Cape Fear LifeCare Foundation

A gift by will or trust is the most frequently used method to make a deferred gift to a charity. Individuals who inform the agency that they have made a provision for Lower Cape Fear LifeCare in their will or estate plan become part of the Sandy Morgan Society.

When including a bequest or provision in your will. Always use the full, legal name and provide federal taxpayer identification number.

• Our full, legal name is: Lower Cape Fear LifeCare Foundation
• Our federal taxpayer identification number is: 56-1391849

Lower Cape Fear LifeCare Foundation is the official fundraising organization solely for the benefit and support of Lower Cape Fear LifeCare, Inc.

Unrestricted gifts will be used for the greatest need at the time to be determined by the Board. A general bequest to Lower Cape Fear LifeCare Foundation is especially valued.

Sample Bequest

If you would like to honor a family member, special person or provide support for a specific program or department that was meaningful to you, then you can designate your bequest specifically for that purpose. You simply use any form of the possible language provided on our sample bequest and replace to be used for the benefit of [insert purpose or intent] with the specific designation.

Often specific guidelines govern the use of these types of gifts. Therefore, we recommend that you contact us to discuss your restricted gift. We are here to help you.

To learn more about bequest and estate gifts, contact Lower Cape Fear LifeCare Foundation, at 910.796.7900 or email Foundation@lifecare.org.

The Lower Cape Fear LifeCare Foundation Endowment Fund provides annual income in perpetuity to support the needs of patients and families in our care. A healthy endowment is perpetually grown and nourished to ensure that Lower Cape Fear LifeCare services are never limited by a lack of resources. A strong endowment ensures that Lower Cape Fear LifeCare will be strong for all time.

Gifts to the endowment provide financial security of permanent funding that

• Makes the difference in ensuring the highest quality care for hospice patients and families who need our support
• Helps provide quality hospice and palliative care and end-of-life services to all who need and want care regardless of their ability to pay
• Ensures quality programs grow to meet the needs of the communities we serve
• Sustains continuous staff training and advancement
• Meets the agency’s ongoing capital facility and equipment needs

How Endowed Gifts Work

Endowment is often called “the gift that keeps on giving” and when added to the annual support we receive from generous donors, ensures the quality and availability of hospice care and services. Endowment gifts are invested to preserve the value of the donor’s contribution and to generate annual income needed to serve our community. Investment policies guiding the selection and performance of investment managers, and all decisions regarding expenditure of income are overseen by the Board of Directors.

Leaving a Legacy

A gift or estate bequest of $25,000 or more will establish a named endowment fund. Creating an endowment at the Lower Cape Fear LifeCare Foundation creates a legacy that upholds your ideals and beliefs in perpetuity.

An endowment is a permanent fund dedicated to endowing your annual gift to Lower Cape Fear LifeCare Foundation. This is not intended to take the place of your annual gift; it is instead to create a lasting legacy that will continue to make the same annual gift to support our mission in perpetuity for generations on your behalf.

To determine the estimated amount you will need to endow your current annual gift, simply multiply your current annual gift by 20. Alternatively, you may endow a portion of your gift now by establishing a Generations fund today, perhaps building up the fund through subsequent contributions over time.

When including a bequest provision in your will, always use the full, legal name and provide the federal taxpayer identification number. Lower Cape Fear LifeCare Foundation Endowment Fund is a 501(c)(3) tax-exempt public charitable organization that manages private funds to advance the mission of Lower Cape Fear LifeCare, Inc.

• Our full, legal name is: Lower Cape Fear LifeCare Foundation Endowment Fund
• Our federal taxpayer identification number is: 56-1391849.

Learn more about establishing an endowed fund by conatacting Lower Cape Fear LifeCare Foundation, at 910.796.7900 or email Foundation@lifecare.org.

A contract between the donor and the foundation which provides fixed guaranteed lifetime payments to the donor and/or another beneficiary in an amount greater than most certificates of deposit.

Support a charity with payments over a specified period of time but have the principal of the trust revert back to the donor or to the donor’s family.

Trust arrangements which pay a fixed or variable income to the donor and/or other beneficiaries. Assets such as cash, stock, mutual fund shares or property interests can be transferred to charitable trusts. A trust may be managed by the Foundation or a bank, trust or investment company chosen by the donor.

Enables a donor to transfer personal property to the foundation, generating financial and tax benefits, while retaining the right to use the property, generally for the remainder of the donor’s life.

Policies make wonderful gifts when a policy is no longer needed, the financial significance of the policy has changed, or you do not wish to continue premium payments. A gift of an existing policy results in an immediate income tax deduction. The foundation may be made both the owner and beneficiary of the policy or just the beneficiary. The foundation can be the primary, secondary, conditional, or residual beneficiary in whole or for a part of the policy amount.

A personal residence, a farm, a vacation home, commercial building or undeveloped land may be given in whole or in part using various tax-advantaged methods.

Create a Legacy…of Hope, of Peace, of Comfort and Support

A Gift of Lasting Beauty

Sandy Morgan was our first hospice patient in 1980. Beautiful in person and spirit, she dedicated her life to helping others by enrolling in nursing school and planning to join the Peace Corps. She was 28 years old – a vibrant artist, dedicated volunteer, and courageous patient. Her life is a legacy.

Since her time with us, we have served thousands and thousands of patients and families. Sandy’s spirit and her joy for life is still part of our organization today. It is with the utmost honor and respect that we remember and celebrate her legacy through the Sandy Morgan Legacy Society.

Avenues and Benefits of Joining the Sandy Morgan Legacy Society

The Sandy Morgan Legacy Society of Lower Cape Fear LifeCare Foundation is a way to recognize donors who make a revocable or irrevocable estate or planned gifts to the Foundation. According to the donor’s preference, membership will be listed by name or as “Anonymous.”

While many donors want little in return for their generosity, planned or estate gifts provide advantages to you as well as to Lower Cape Fear LifeCare. Your charitable contributions can maximize your personal objectives while minimizing your tax costs. Tax benefits for planned gifts vary by situation and implementation. Please consult a legal and/or tax advisor to determine the benefits for you and your family.

There are many ways to make a gift, such as:

• Bequest
• Charitable remainder trust
• Charitable lead trust
• Life insurance
• Named endowment fund
• Retirement plan assets

Membership commences upon notification of your gift, which may be made to the Foundation in one or more of the following ways:

• Providing the Foundation a copy of signed gift paperwork
• Providing the Foundation a letter of intent that identifies the gift
• Personal identification of the gift to the Foundation’s Director