Legacy Giving

Create a legacy of support for your loved ones and for causes important to you.

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Donor Stories

Donor Stories

You and your professional advisors can work together to build your personal philanthropic plan. Here's how fellow supporters have made an impact through their acts of giving.

WILL - A Simple Way to Leave a Legacy

Work with your attorney to direct a specific asset, dollar amount or percentage of your estate's value to a charitable organization through your will. If you already have a will, you can complete a simple document called a codicil to update your will with your wish to give to charity.

  • Mr. and Mrs. Murphy Peele
    Mr. and Mrs. Murphy Peele
    A chaplain at Lexington Medical Center, Donna Peele met her husband Murphy at a ministry retreat they were...
  • Dr. Vasa and Mrs. Brenda Cate
    Dr. Vasa and Mrs. Brenda Cate
    Dr. Vasa and Brenda Cate both believe in helping people in need, especially those in the community they call home...

LIFE INSURANCE - Naming the Foundation as a Beneficiary of Gifting a Policy

A gift of life insurance provides an opportunity for a larger gift with less upfront cost. If you have a policy that is paid-in-full and no longer needed, you can give the policy to the Lexington Medical Center Foundation by transferring ownership of the policy. You may also add the Foundation as a beneficiary of all or a percentage of an existing life insurance policy's proceeds.

NAMED BENEFICIARY - Giving the Right Gift to Charity and Your Heirs

Add the Foundation as a beneficiary on a certificate of deposit, brokerage account, individual retirement account, 401(k), or other qualified retirement account. This gift may provide estate and other tax benefits, which may allow donors to give other types of tax-advantaged assets to their heirs.* A final grant to a charitable beneficiary of your Donor Advised Fund residual may also provide significant impact. Contact your financial institution for guidance on how to update your account.

REAL ESTATE - Giving Real Estate or Creating a Life Estate

You can transfer ownership of real property such as a home, farm or commercial property, to the Foundation and potentially receive a current tax deduction for the value of the gift. You'll also remove the asset from your estate while avoiding capital gains tax.*

A life estate is another method of donating real estate and receiving a tax benefit now, while allowing you to retain use and enjoyment of the property for life. This approach enables donors to remain in their home and take advantage of a needed tax benefit in the year in which they establish the life estate.

GIFTS THAT PAY INCOME - Receiving Income for Life, Reducing Taxes

Some gifts enable you to receive income and provide tax benefits now and in the future.* A Charitable Gift Annuity can be created through a simple agreement between a donor and a charity. You can give cash or other assets to the Foundation, and receive a charitable deduction now and guaranteed fixed payments for life.

A Charitable Remainder Trust works in a similar way, but the assets are moved into a trust and invested for a period of time before the charity receives the gift. The donor may receive income from the trust and elect to benefit more than one organization. The donor may also maintain control of the assets as trustee.

A Charitable Lead Trust works differently in that the trust makes payments to benefit the charity during the term of the trust with the principal going to heirs or beneficiaries - even back to the donor, at the end. This allows the donor to control timing of when the principal is received.

  • Dr. and Mrs. Charles H. Ham, Jr.
    Dr. and Mrs. Charles H. Ham, Jr.
    A lifetime of service, belief in the dignity of each life, desire to give to others — these values are born of faith in God...