What Are Your Goals?

I highly recommend this giving method (charitable gift annuity) to 
supplement retirement income. I support the Hospital and my retirement at the same time.”

 —Lynne Gelber  

All of our donors give, first and foremost, because they believe in the work of Saratoga Hospital and its vital role in ensuring the continued health of our region. But if you're like most of our donors, you have other goals as well—and the type of gift you choose can help you achieve them.

Some gifts, for example, can help you maximize lifetime income. Others can reduce the estate taxes faced by your heirs. Following is a brief look at the different advantages of some of the gift options available to you. For more information or a personal consultation with no obligation, please contact the Foundation office at 518-583-8340.

Outright gift of cash, stock, bonds, mutual funds, or personal property
  • Receive immediate income tax deduction.
  • Avoid capital gains tax.


  • Defer your gift until after your lifetime.
  • Avoid federal estate taxes on the amount of your gift.
  • Can be revised if your circumstances change.
Retirement plan gift

  • Spare your heirs the higher taxes levied on this type of assets. (Leave your heirs more tax-efficient assets instead.)
Life insurance gift

  • Provide a substantial gift at little cost to yourself.
  • Receive an immediate tax deduction and, possibly, future deductions.
Charitable Gift Annuity

  • Receive guaranteed fixed income for life—at competitive rates—for you and another beneficiary.
  • Receive an immediate tax deduction the year you open the annuity.
  • Potentially qualify for additional income tax deductions.

Deferred Gift Annuity

  • Receive guaranteed fixed income for life.
  • Defer payments until you need them.
  • Receive an immediate tax deduction the year you open the annuity.

Charitable Remainder Unitrust

  • Receive annual income, at a variable rate, based on a yearly assessment of the value of the trust assets.
  • Benefit from potentially increased income over time. (If the asset value increases, so will the annual income.)
  • Receive an immediate tax deduction the year you establish the trust.
  • The preferred vehicle for gifts of real estate.

Charitable Remainder Annuity Trust

  • Receive fixed annual income payments for life or a specified term.
  • Receive an immediate tax deduction the year you open the trust.
  • Remove the assets from your estate.

Charitable Lead Trust

  • Provide a steady source of funds to the Hospital for a specified term; remaining funds then pass to your heirs.
  • Reduce the size of your taxable estate—and the resulting tax burden on your heirs.

Real Estate Gift

  • Receive an immediate tax deduction for the value of your home or other donated property.
  • Avoid capital gains tax on the value of your gift.

Retained Life Estate

  • Realize the tax savings of donating your property to the Hospital.
  • Retain the right to live in your home for as long as you choose, including your lifetime.
  • Expedite your gift by removing the property from probate.

*The above is not intended to be legal or tax advice. Please consult your financial advisor before making a gift
, and feel free to have your advisor contact us for more information.

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