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

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Life Estate Reserved

You may desire to leave your home or farm to Community Memorial Healthcare Foundation at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!

Life Estate Reserved
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Benefits of a life estate reserved

  • Receive a federal income tax deduction for the value of the remainder interest in your home or farm
  • Preserve your lifetime use and control of your home or farm
  • Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child

How a life estate works

  1. You deed your home or farm to Community Memorial Healthcare Foundation. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
  2. You and Community Memorial Healthcare Foundation sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
  3. When the owners of the life estate have passed away, your home or farm will belong to Community Memorial Healthcare Foundation. We will use or sell the property to further our charitable work.

Contact us

To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.

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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