Legacy gifts are made when donors doing gift planning as part of their financial and/or estate plans wish to include support for Camden Clark Medical Center. Assets may include (but are not limited to) cash, securities, tangible personal property, life insurance policies, and real estate.
Your participation can be an inspirational experience for you personally, and may encourage others to look toward the future and how they too may have an enduring impact on the causes they care about.
Legacy giving does not require a large income or vast estate. It only requires a thoughtful intention to make a difference by identifying a charitable organization in your will or estate plan.
When making a legacy gift in this planned way, a donor can achieve objectives such as earning more income, avoiding capital gains tax, reduced income taxes, an opportunity to provide children with assets at a later date, and reduced gift or estate taxes.
Gift Planning Methods Include:
Bequest
Provisions made in a Will or Living Trust to transfer funds/securities to the Camden Clark Foundation after death.
Sample bequest language:
I give, devise and bequeath [the sum of $______________ in cash] or [___ shares of stock in _______________] or [all of my interests in the following described property: ________________] or [all or ________ percent (____%) of the residue of my estate] to [ Camden Clark Foundation], a West Virginia nonprofit corporation, having its principal office at Camden Clark Medical Center, to be used to further the general purposes thereof.
Beneficiary designation of life insurance policy, retirement plans or financial accounts:
Provide insurance company, administrator of retirement plan, or financial institution with the required form and complete the beneficiary designation section as required using the following information:
Camden Clark Foundation
800 Garfield Avenue, Parkersburg, WV 26101
Tax ID #55-0667789
Gift Annuity
A gift to the Foundation in return for payment to you (and/or another) from an annuity, as well as an income tax deduction. The annuity may be payable over the lives of one or two living individuals.
Charitable Remainder Trust
A tax-exempt trust divided into income and gift portions.
Charitable Lead Trust
Allows the donor to transfer assets to future generations of family members while allowing the Camden Clark Foundation to use the investment income for a limited time period.
Real Estate
Gifts of a personal residence, all or part of a vacation home, commercial property, farm or other real estate either as an outright gift or as part of a life-income plan.
Life Insurance
The Foundation may be named as the owner with full ownership rights of a paid up life insurance or in-force life insurance policy.
To leave a tax-deductible gift to the Camden Clark Foundation, we encourage you to your legal advisor to discuss the legal language you plan to use in your will or trust document. Some individuals choose to support something specific or create an endowed fund to honor or memorialize someone special. If either of these concepts is of interest to you, please contact us so we can assist you further. This confidential service is available to you without obligation.
Please note all gifts should be prepared designating the Camden Clark Foundation as the beneficiary. The Foundation is the official organization which receives and administers gifts on behalf of Camden Clark Medical Center.
This information is intended as a general guide for the use of attorneys. It is not offered as, or intended to be, legal advice. We hope you will tell us when you have named Camden Clark Foundation in your will or trust. We would very much like the opportunity to thank and recognize you for your generosity.
Tax Information
Camden Clark Foundation
800 Garfield Avenue
Parkersburg, WV 26101
Phone: 304-424-2200
[email protected]
Camden Clark Foundation is a 501(c)(3). All gifts to the foundation are tax-deductible to the fullest extent of the law. Please consult with your tax advisor for information regarding your tax deduction.
Tax ID: 55-0667789