A Balanced Approach to Giving A Balanced Approach to Giving Simple Solutions for Life’s Financial Challenges The two hurdles we hear most when it comes to giving are lack of resources and a desire to put family first. We can help! Read on to see how these obstacles are easily overcome. OBSTACLE: Family Obligations I have children and grandchildren to worry about, and they come first. SOLUTION: Estate planning attorneys can explain the various methods available to fulfill your philanthropic desires without jeopardizing your family’s security. The easiest approach is to remember Baystate Health Foundation through a gift in your will or living trust. This gift supports our future work and you can change your mind at any time. OBSTACLE: On a Budget I am not rich. There is only so much money to go around. SOLUTION: Rather than make a gift of cash now to support our work, consider the following giving options. Bonus: they also offer important tax savings for you and your family. • Stock. For gifts of appreciated stock that you have owned longer than one year, you receive an income tax charitable deduction for their full fair market value—not the price you originally paid for them. • Life insurance policies. You can donate a policy you no longer need or simply name Baystate Health Foundation as the beneficiary. • Retirement plan assets. Highly taxed when left to heirs, this makes an excellent charitable gift after your lifetime. • Real estate. You can donate your home now and still live there for the rest of your life. We can help you identify a gift to fit your goals. Contact us today to learn how you can make a big impact: 413-794-7789 or firstname.lastname@example.org The information in this publication is not intended as legal or tax advice. Please consult an attorney or tax advisor before making a gift.