5 Tips for Charitable Giving in Your Will*

Leaving a legacy that transcends your lifetime can be one of the most profound financial decisions you make. Including a charitable gift in your will to support Children’s Hospital Colorado Foundation perpetuates your commitment to improving children’s health and well-being.

Consider these five tips:

1. Decide on Your Gift

Choose the contribution that fits your estate planning goals, whether it’s a specific amount, a percentage of your estate or particular assets. We can provide examples of how various types of planned gifts can support our work.

2. Communicate Your Plans

Complete a non-binding letter of intent to inform us of your intention to include Children’s Hospital Colorado Foundation in your will. This document helps your executors and Children’s Colorado honor your wishes.

3. Ensure Accuracy

Make sure your estate gift is directed to the right place. Be certain to include Children’s Hospital Colorado Foundation; located in Aurora, Colorado; and Tax ID #84-0813462 when listing us in your will.

4. Reevaluate Periodically

Review and update your will regularly to ensure it continues to reflect your current wishes and circumstances.

5. Seek Professional Advice

Consult with an attorney or financial advisor to ensure your will reflects your wishes accurately. Charitable gifts in your will can reduce estate taxes, benefiting your heirs and your legacy.

* Information provided is general and educational in nature and should not be construed as legal, accounting, or tax advice. Every taxpayer’s situation is different. Rules and regulations regarding tax deductions for charitable giving vary, and laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy or completeness of the information provided. Please consult an attorney or tax advisor regarding your specific legal or tax situation prior to taking any action based on this information.