Gift Planning

The goal of a legacy or planned gift is to plan your estate and charitable giving in a way that benefits you, your family, and charity. There are many ways you can make a planned gift to charity and receive immediate and lasting benefits.

Gift planning is a process that allows donors to choose the most appropriate gift, for the most personally meaningful and important purpose, in the most advantageous time frame for the donor, the donor’s heirs, and for Ascension Seton. Gift planning provides our donors the opportunity to prepare and design their charitable gifts in a way that works best for them.

If you’ve ever dreamed of making a lasting impact on your fellow Central Texans, we invite you to reach out to me to learn more about legacy giving. Click on the link below for more resources, or contact Joel Rice at [email protected].

Wills & Living Trusts

Will you be the future lifeline for Ascension Seton hospitals?

Will you help bring a healing touch to your community for generations to come?

Say “yes” by making a bequest or other planned gift to the Ascension Seton Foundation. It’s as simple as adding this language to your Will:

I hereby direct $___________ (or ____ percent of my residual estate) in cash, securities, or other property to the [Ascension Seton Foundation of your choice]. This gift shall be for the further benefit of _____________[facility or program] and shall be used to __________[purpose].

By including Ascension Seton is your will, you can have the satisfaction of knowing your generosity will leave a lasting legacy of outstanding health care for the communities we serve. As you consider your estate plan, please think of Ascension Seton.

If you have already remembered Ascension Seton in your estate plans, please contact us at (512) 324-1990. We would like to thank you for your generosity.

Charitable Gift Annuities

Charitable gift annuities are the easiest way to make a gift to The Seton Foundations and receive income in return.

Charitable gift annuities provide fixed annual payments for the lifetime of the annuitant. Annuity rates are based on the age of the annuitant(s) and can be as high as 9%. You can also defer the annual payments to a later date specified at the time the gift is made. The deferral results in a higher annuity rate.

Gift annuities are attractive to donors who want to convert appreciated stocks into a reliable source of income or increase their income from investments like CDs or money market funds.

Benefits of creating a charitable gift annuity include:

  • Potential for increased income
  • Partially tax-free income
  • Receive a charitable income tax deduction
  • Bypass capital gains taxes that would have been due upon the sale of the stock
  • Remove the property from your taxable estate

For a personalized calculation showing the benefits of a charitable gift annuity, please contact us at (512) 324-1990.

Charitable Gift Trusts

Charitable Remainder Trusts are a popular way to make a gift and receive income in return. A donation of cash, stock, real estate or other assets is invested, producing income for the donor or other chosen beneficiaries for a fixed period of years or their lifetime. When the donor dies, the Ascension Seton Foundation keeps all of the remaining assets. The donor is allowed to claim a charitable income tax deduction for the estimated portion of the assets that will ultimately come to the Ascension Seton Foundation.

There are two types of charitable remainder trusts: unitrusts and annuity trusts. With a basic unitrust, the donor receives one or more yearly payments equaling a fixed percentage of the trusts value as assessed each year. With a net-income unitrust, the donor receives only the income earned by the trust, even if the trust earns less than the payout rate. However, the trust can be set up to include a “make-up provision,” which allows the donor to make up the lost income, provided the trust earns more than the payout rate in future years.

With an annuity trust, the donor receives a yearly fixed payment equaling at least 5% of the value of the asset at the time the trust is funded.

Benefits of creating a charitable trust include:

  • Supplement your retirement income
  • Receive a charitable income tax deduction
  • Bypass capital gains taxes that would have been due upon the sale of the property
  • Remove the property from your taxable estate

For more information on Charitable Remainder Trusts, please contact us at (512) 324-1990.

Stocks, Bonds & Mutual Funds

Gifts of stock and mutual funds are a tax-efficient method of making charitable contributions. You receive an income tax deduction to the extent allowed by law for the fair market value of your stock on the date of your gift. This allows you to bypass all capital gains taxes that would have been due if you sold the stock first.

There are two ways to make a gift of stock to the Seton Foundations:

  1. Electronic transfer
  2. Physical delivery of stock certificates.

IMPORTANT: Please note that in order for your gift to be acknowledged and to receive a tax receipt from the Seton Foundations, these steps must be followed:

1. Please fax the following information to the Ascension Seton Foundations, 512-324-1989, regarding your gift of stock:

  • name of the stock(s)
  • number of shares
  • date of your transfer instructions to your broker
  • name of your broker and contact information
  • whether your gift is designated to a special program within Ascension Seto

2. Provide written instructions for your broker to make a transfer to the Ascension Seton Foundation specifying the name of the stock and the number of shares to be transferred. If you inform the broker verbally, it is advisable to follow up in writing.

3. Have transfer sent to:

Bank: Charles Schwab
DTC# 0164 Code 40
Account Name: Seton Fund of the Daughters of Charity of St Vincent DePaul
Account Number: 6358-8226

Contact the Ascension Seton Foundation at (512) 324-1990 for any questions related to electronic transfer to the Foundation’s account.

Stock Certificate Transfers

Please contact the Ascension Seton Foundation at (512) 324-1990 for instructions regarding gifts of physical stock certificates.

Stock Valuation

  1. The date of your gift is considered to be the date on which your electronic transfer is received into the Ascension Seton Foundation account, the date on which you deliver your certificates and stock powers to the Ascension Seton Foundation, or the postmark date (if mailed).
  2. The tax-deductible value of your gift is the sum of the high and low prices on the date of your gift divided by two, multiplied by the number of shares given.

For further information, please contact us at (512) 324-1990.

Gifts of Real Estate

The Ascension Seton Foundation accept gifts of real estate and other property subject to approval by each Foundation’s Board of Trustees.

Benefits of making a gift of real estate include:

  • Receive a charitable income tax deduction for the fair market value of the property
  • Bypass capital gains taxes that would have been due upon the sale of the property
  • Remove the property from your taxable estate

If you are interested in donating real estate, please contact us at (512) 324-1990 for instructions about making your gift and our process for approving the acceptance of your gift.