Legacy of Light

A gift to the Foundation’s “Legacy of Light,” through the use of various financial instruments such as wills and life insurance, is an ideal way to make sure your legacy of giving continues for years to come.

 

Gifts of Life Insurance

Gifts of life insurance enable you to make a vital gift to make a difference in the lives of patients and families without financial impact during your lifetime.  LightBridge Hospice Community Foundation can be named as the beneficiary or owner of a life insurance policy if it has fully matured or even if premium payments still remain.

 

Gifts of Bequests /Will Gifts

Wills/Bequests are one of the most popular and easiest ways to leave a legacy and help assure that LightBridge Hospice Community maintains the ability to fund programs and services for hospice patients and their loved ones throughout San Diego County.  Bequests ensure that your assets are distributed according to your preferences.

Below is sample wording for estate gifts in your will or codicil. The right one depends on your needs and we encourage you to discuss these options with your legal advisor for professional advice.

 

  1. An unrestricted gift: I give and bequeath to LightBridge Hospice Community Foundation, a nonprofit organization located at 6155 Cornerstone Court East, Suite 220, San Diego, CA 92121, the sum of $__________ for its general purposes.
  2. Gift for a specific purpose: I give and bequeath to LightBridge Hospice Community Foundation, a nonprofit organization located at 6155 Cornerstone Court East, Suite 220, San Diego, CA 92121, the sum of $__________ to be used for _______. (Please specify the purpose such as Simple Gifts Fund,  Beacon of Light Fund, etc.)
  3. Residual gift (after other specific bequests are made) All the rest, residue and remainder of my estate, both real and personal, and wherever situate, I give and bequeath to the LightBridge Hospice Community Foundation, a nonprofit organization located at 6155 Cornerstone Court East, Suite 220, San Diego, CA 92121, for its general purposes. 
  4. Contingent Gift I give and bequeath the residue of my property owned by me at my death, both real and personal, and wherever situate, to my spouse (insert name), if s/he survives me. If my spouse does not survive me, I give my residuary estate to the LightBridge Hospice Community Foundation, a nonprofit organization, located at 6155 Cornerstone Court East, Suite 220, San Diego, CA 92121, for its general purposes (or specific purpose).
  5. Final Contingent Beneficiary I give and bequeath the residue of my property owned by me at my death, both real and personal, and wherever situate, in equal shares to my above named beneficiaries, if they survive me. If my above-named beneficiaries do not survive me, I give my residuary estate to the LightBridge Hospice Community Foundation, a nonprofit organization, located at 6155 Cornerstone Court East, Suite 220, San Diego, CA 92121 in the sum of $__________ for its general purposes (or specific purpose).

 

Gifts of Appreciated Stocks

Gifts of appreciated investment assets, such as stocks, bonds and mutual funds, can be a taxwise way to give to LightBridge Hospice Community Foundation.  We encourage you to discuss these gifts with your financial/investment advisor or CPA for professional advice.

Below is some general information on how a stock/bond or mutual fund donation works:

If you’ve owned an appreciated security for more than one year, you can deduct its current market value, regardless of your original cost. You don’t pay capital gains tax on the appreciated amount, so your gift of securities can cost you less than a comparable cash gift. You can claim charitable contributions for gifts of appreciated assets of up to 30 percent of your adjusted gross income in any year. If you can’t use all of the deduction in one year, you can carry over the remainder for the next five years.

 

Stock Transfer Information

If you would like to donate appreciated securities, Lightbridge Hospice Community Foundation has an account at Charles Schwab and Company to which the shares of a mutual fund or stocks can be gifted.  Please call (858) 458-2992 ext. 239 for these gifting details.

When you or your investment advisor/ broker transfers shares, please notify us so we can identify your gift when it is received and provide you with a prompt acknowledgement to serve as your tax receipt.  Please provide us with the following information: 

  • Donor name
  • Donor address
  • Donor phone number
  • Name of security
  • Number of shares transferred
  • Planned date of transfer
  • Designation of gift (if any)