Gift Planning
Create a lasting legacy
with your gift

Let us help you tailor your charitable gift to your financial, tax or estate planning objectives. Your donation, no matter the size, is greatly appreciated and helps CMHS continue its mission of providing high-quality healthcare, here close to home.

Planned Giving

Text Resize
Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
Mobile Video Button

Give It Twice Trust - Help Family and Charity

You may be looking for a way to provide your children with income while making a gift to Community Memorial Healthcare Foundation. The "give it twice" trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.

Give it Twice Trust
IRA
Unitrust
Children
CMHF
Charity image

Benefits of a give it twice trust

  • Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time
  • Create an estate tax deduction and savings from the charitable gift
  • Support the important charitable work of Community Memorial Healthcare Foundation

How a give it twice trust works

  1. We can help you and your attorney with the process of creating a charitable remainder unitrust.
  2. You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
  3. When you pass away, the custodian will transfer your retirement account to the charitable trust.
  4. The trust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.
  5. At the conclusion of the payments, the balance of the trust will be transferred to Community Memorial Healthcare Foundation.

Contact us

If you have any questions about a give it twice trust, please contact us. We would be happy to assist you and answer any questions you might have.

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
scriptsknown

What to Give

Find out what types of assets make the best planned gifts. Learn about gifts of cash, securities and property.

How to Give

Giving to our cause can be done either directly or through a gift model that can provide tax benefits and even income. Learn how to make a gift that provides tax benefits and even life income.

Let us help you with your gift plans