Legacy Giving

Many people are discovering the benefits of careful planning when it comes to charitable giving. Legacy gifts are an excellent way to champion the causes one values most.

A Legacy of Caring

Generous support from Bernard “Bud” and Margaret Waterman helped launch the Whidbey General Hospital Foundation years ago. Today, the Waterman family trust provides ongoing and essential support to the WhidbeyHealth Foundation. At right, Foundation executive director Helen Taylor and Debra Waterman celebrate at an event held in 2015 to benefit the Foundation.

Robert and June Sebo established the first privately endowed fund in 2003 to benefit the Foundation, which supports selected projects at our medical center.
Generous benefactors such as the Watermans and Sebos have led the way in establishing a Legacy Giving program for the WhidbeyHealth Foundation.

In addition to personal satisfaction, such gifts offer major planning opportunities to minimize federal and state taxes, increasing the possibilities for effective distribution of assets. A legacy gift is an important decision, as it reflects your personal values and your individual circumstances. Before taking action, it is important that you discuss your options with your attorney or financial advisor.

By carefully planning how to disburse your assets, you have the opportunity to make sure that the individuals and causes closest to your heart are remembered and supported.

Ways to Leave a Legacy

  • Will or Bequest
    Making a bequest is one of the simplest ways to make sure that your estate is disbursed according to your wishes and to benefit those individuals and causes, which are most important to you. You may leave a bequest for WhidbeyHealth by adding a brief codicil to your will, or by preparing a new will. To ensure that your intentions are followed, your will or codicil should be prepared or reviewed by your attorney. Should you leave a bequest for WhidbeyHealth, please let us know so that we may have the opportunity to thank you for your generosity, and include you as an honored member of the Legacy Circle.
  • Life Insurance
    Many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection. You could make a significant gift to WhidbeyHealth by donating an existing, but no-longer-needed, life insurance policy. In such a case, you would receive an immediate tax-deduction approximately equal to the policy’s cash value upon disbursal. You can also name WhidbeyHealth as primary beneficiary or as a successor beneficiary of a life insurance policy. Life insurance proceeds that are payable to a qualified charitable organization, such as WhidbeyHealth, qualify for an estate-tax charitable deduction.
  • Retirement Plan Benefits
    Since retirement plans are often subject to both income and estate taxes upon the death of a participant, they present an attractive option for a charitable gift. WhidbeyHealth can be named as the beneficiary of all or part of the residual balance of qualified retirement plans, leaving a lighter burden of taxes on your assets for your family and loved ones.

A gift by will or trust to the WhidbeyHealth Foundation may be given for the general unrestricted use of the medical center and clinics or may be restricted for a particular purpose. If you wish to restrict your bequest for a specific purpose, it is best to review your intentions with Foundation staff at the time the bequest provision is drafted to be certain that your wishes can be carried out. Your gift may be given in your name, or in memorial to a person you designate. Your generosity will be commemorated in perpetuity on the Tree of Life in the medical center lobby.

For More Information

We have highlighted a variety of giving options, but other plans are also available. Our intention is for you to derive the utmost satisfaction, both financially and personally, when you give. We would be pleased to work with you in arranging a gift plan that best suits your objectives.

Please call Helen Taylor, executive director of WhidbeyHealth Foundation, at 360.678.7656, ext. 4020 or 360.321.7656, ext. 4020.