Planned Giving

The Gift That Keeps on Giving

Making a planned gift to Asbury Foundation is like making a promise to the people we serve. A promise that helps ensure we continue our mission to do all the good we can.

A bequest or other planned gift, such as a charitable gift annuity, trust or gift of life insurance, enables you to offer sustaining support to your chosen Asbury community that you might not be able to offer through an outright gift. Many planned gifts also benefit you and your family by providing income sources, tax relief or other advantages.

When you make a planned gift to an Asbury community, you help ensure we will be able to keep our promise of benevolent care far into the future.
Remembering an Asbury community in your will or estate plan also has a lasting impact as it helps us extend today’s efforts to create the programs seniors will need – and want – tomorrow.

Learn more about planned giving opportunities by contacting Asbury Foundation today.

Three Ways to Give

1. Charitable Annuities

Several types of annuities are available to benefit both your family and an Asbury community. We advise you to speak with your professional advisor (attorney, CPA, bank trust officer, financial planner, insurance agent, etc.) to determine which may be best for you.

  • Charitable Gift Annuity*: This is a contract in which a donor exchanges a gift of cash or appreciated property for a guaranteed fixed income each year for the rest of the donor’s life. It may be of particular interest to those discouraged by low earnings on cash investments.

*Special Note to Residents of Oklahoma: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not by a guaranty association affiliated with the Oklahoma Insurance Department.

  • Charitable Remainder Unitrust: This special irrevocable trust pays income to family members. After all of the income payments have been completed, the remainder is distributed to qualified charities that were selected by you, the donor.
  • Charitable Remainder Annuity Trust: The donor selects a fixed annuity amount for this irrevocable trust that pays income to family members. It is usually funded with low-yield, highly appreciated stocks, land or buildings. After all of the income payments have been completed, the remainder is distributed to qualified charities that were selected by the donor.
  • Charitable Lead Trust: With this trust, a percentage of the value of the trust is distributed each year to the selected charities for a chosen number of years. Then, at the end of the term, the principal in the trust is distributed to family.

Asbury Foundation staff members are always available to answer any question or provide additional information. Please contact us to learn more.

2. Charitable Bequests

Including in your will a gift of a specific amount or a percentage of your estate enables you to control your assets during your lifetime while providing an important future gift to an Asbury community.

Charitable bequests are wonderful options for all donors, but especially those donors who wish to retain control of their assets during their lifetime. If you wish to support the Asbury Foundation through your will or trust, there are several options you may consider:

  • Specific Dollar Amount or Property: “I, [name], of [city, state, zip], give, devise and bequeath to Asbury Foundation, Inc., 5285 Westview Drive, Suite 200, Frederick, MD 21703, [amount] for the [Asbury Community] [Fund].”
  • Percentage of Estate: “I, [name], of [city, state, zip], give, devise and bequeath to Asbury Foundation, Inc., 5285 Westview Drive, Suite 200, Frederick, MD 21703, [percentage] of my estate for the [Asbury community] [Fund].”
  • Residuary – the remainder of all other bequests, administrative costs, and taxes have been met: “I, [name], of [city, state, zip], give, devise and bequeath to Asbury Foundation, Inc., 5285 Westview Drive, Suite 200, Frederick, MD 21703, all of the residue or remainder of my estate for the [Asbury community] [Fund].”

Because financial planning and tax laws are complicated matters, we advise you to speak with your professional advisor (attorney, CPA, bank trust officer, financial planner, insurance agent, etc.) before making planned gift commitments. Asbury Foundation staff members are always available to answer any question or provide additional information. Please contact us to learn more.

3. Other Creative Giving Ideas

There are many ways to support future community needs through Asbury Foundation. We advise you to speak with your professional advisor (attorney, CPA, bank trust officer, financial planner, insurance agent, etc.) to determine which may be best for you.

  • Retained Life Estate: It is possible to make a gift of your home, farm or vacation home while you and your spouse continue to use the property for your lifetimes. You receive a charitable deduction on your income tax based on the present value of the property, and you or your family avoid capital gains tax on the appreciated value.
  • Gifts of Life Insurance: A gift of life insurance can provide a significant charitable deduction. You could purchase a new policy or donate a policy that you currently own but no longer need. Asbury Foundation would become both the owner and beneficiary of the policy.

Contact Asbury Foundation to Learn More

Asbury Foundation staff members are always available to answer any question or provide additional information. Please contact us to learn more.

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