Planned Giving

You can help us keep Personal, Trusted Care close to our homes for many generations to come by making a gift to the Lakeside Health System which includes the Lakeside Memorial Hospital, The Beikirch Care Center (Long Term Care Facility), and the Daisy Marquis Jones Family Wellness Program.

A gift to the Foundation will be applied to the area of greatest need at Lakeside.  Otherwise, your gift will be restricted to whichever entity, program, service, or piece of equipment you select.  The Foundation prides itself in ensuring we operate by the highest ethical standards and that our donor’s intentions are honored. 

Ways of giving to Lakeside include a range of options that provide maximum benefits to you, your family and friends. Our hope is that you choose the gift opportunity that is most ideally suited to your own financial objectives, while benefiting Lakeside at the same time.

1. Give Cash
   The simplest way to make a gift to Lakeside is to write a check. Cash gifts are deductible up to 50% of your adjusted gross income, provided you itemize your deductions on your tax return.
   Your tax savings can be substantial, reducing the net cost to you of your cash gift. Depending on your taxable income, you will save between 15% and almost 40% of your gift amount in federal taxes alone.
2. Give Appreciated Securities
   By making a gift of appreciated securities, you can save income tax twice. First, you save by receiving a charitable deduction for the current value of the stock. Second, you can save by eliminating the payment of a capital gains tax on the stock’s increased value.
3. Give Real Estate
   By contributing appreciated property, you save income tax twice. You receive a deduction for your contribution (the current property value), and you also eliminate the payment of capital gains tax on the property’s increased value.
4. Sell Appreciated Property to Lakeside at Cost (Bargain Sale)
   You can sell to Lakeside, at cost, securities or property that you have owned for more than one year. Your gift would be the appreciated portion of the asset on which you can avoid paying income and capital gains tax.
5. Give Your Home or Farm, While Retaining Its Use for Life
   You can give your home or farm to Lakeside now, and retain use of the property during your lifetime. You receive a current income tax deduction for your future gift and save income tax now.
6. Give Gifts that Provide Income for Life
   Do you need additional income and own substantial assets? You can give assets to Lakeside now and receive additional annual income for life, while also saving taxes. A life income gift, such as a Charitable Remainder Trust or a Charitable Gift Annuity, enables you to give to Lakeside and provides life income for you and your spouse. These gifts frequently save income tax and avoid capital gains and estate tax, while providing you with income.
7. Give Life Insurance
   Life insurance may be donated to Lakeside in a variety of ways. You can make an outright gift of an existing policy no longer needed for protection for your beneficiaries by transferring ownership to Lakeside. Or, you may retain ownership but name Lakeside the beneficiary. You may also purchase a new fully paid policy naming Lakeside as the beneficiary.
8. Make a Company Gift
   A partnership can make gifts to Lakeside. Each partner can, in the year of the gift, deduct a share of it up to 50% of his/her adjusted gross income with the right to carry over any excess for five years.
9. Make a Gift in Your Will
   In writing a Will, your first concern, of course, is to provide for your family and others close to you. Then you can consider aiding charitable causes such as Lakeside. Often these two purposes are combined to the advantage of both.
10. Time Your Gift
    If you expect to be in a lower bracket next year, you will save taxes by making your gift this year. Conversely, if you expect to be in a higher bracket next year, you will save taxes by making your gift then.