Planned giving

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Call 507-217-5188

Planned giving

You want your gift to make a difference, but are concerned about your own future financial needs and those of your family. Planned giving provides a way to support the hospital right now without sacrificing your ability to meet current and future financial obligations.

Planned gifts fall into three general categories:

  • Outright gifts
    The Foundation has immediate use of donated assets, such as securities, tangible personal property, and some real estate.
  • Bequests
    The donor uses or controls the asset during his or her lifetime and the Foundation receives the asset at the donor's passing.
  • Life income gifts
    The donor makes a gift today and receives a stream of income for life. Upon the donor's passing, the Foundation has use of the remainder of the gift.

Planned giving is attractive to donors for many reasons. With a planned gift, donors can often give larger gifts than they thought possible and can:

  • receive a stream of income for life
  • often increase the yield they receive from their investments
  • benefit from a charitable income tax deduction
  • reduce or eliminate capital gains taxes or estate taxes

The benefits of planned giving provide the charity-minded donor with reasons to act sooner rather than later. We look forward to assisting you with your gift planning needs.

Your gift truly matters

A common misconception is that you must be wealthy to make a planned gift. In reality, donors of modest means are often able to make planned gifts that benefit both them and the hospital.

All donations, no matter the size, support Owatonna Hospital's commitment to making our community a healthier place to live.