Planned Giving
What Is Planned Giving?
Planned giving is exactly what it sounds like: creating a structured way to support Teresa House through a future or long-term gift.
The simplest form of planned giving is a bequest included in your will. However, there are many options available for making a meaningful contribution. Some planned gifts are made over time, some provide lifetime income to the donor, and others use estate and tax planning strategies to benefit both Teresa House and your heirs while maximizing the impact of your gift. Planned giving allows you to support compassionate end-of-life care in our community while aligning your generosity with your financial and estate plans.
Types of Planned Gifts
Many different types of assets may be used to create a planned gift, including stocks, real estate, artwork, life insurance policies, retirement accounts, and other personal property. Teresa House has established a Gift Acceptance Policy regarding which assets our organization is able to accept and manage. Please contact our Executive Director at 585-243-1978 ext. 4 to learn more.
Common Planned Giving Options
Bequest in a Will
A bequest allows you to designate a gift to Webster Comfort Care Home in your will or estate plan. This type of gift is flexible and can be structured in several ways depending on your wishes.
Life Insurance
You may donate an existing life insurance policy or name Webster Comfort Care Home as a beneficiary of your policy.
Retirement Accounts
You can name Teresa House as a beneficiary of your qualified retirement account. Donors 59½ or older may make a gift (penalty free) from your IRA or 401k. Donors over age 70½ may also choose to make Qualified Charitable Distributions (QCDs) directly from their retirement accounts.
Charitable Gift Annuities and Charitable Trusts
In exchange for a contribution of cash, securities, or other assets, you may receive regular income payments for life or for a specified period, along with certain tax benefits depending on the structure of the gift.
Your tax advisor, financial advisor, or attorney can help determine which type of planned gift best aligns with your personal and financial goals.
Please contact your financial advisor to discuss which option would work best for you.
