What is Planned Giving

Planned Giving is a lasting investment in tax advantaged charitable giving while you have control over your assets. Your gift to The Hospital Foundation is an investment in exceptional care close to home. Planned Giving allows contributors to maximize specified dollar amounts gifted in any year or utilize an array of established methods for current and future estate plan giving. Planned Giving allows you, the donor, to control your gifts guaranteeing the future of our local hospital.


The Planned Giving Program also ensures a stable flow of operating funds from The Hospital Foundation where earnings from the endowment and direct gifts bring about important local medical advances in treatment, prevention and education.


Planned gifts present special opportunities of mutual benefit to the donor and AdventHealth Polk. They are strategic charitable investments that can provide you with important tax benefits now and in the future.


A gift to the Foundation is tax deductible. With private support from citizens, the Foundation has been able to give AdventHealth Polk state-of-the-art imaging capabilities, hospital beds and heart monitors, and has provided for the renovation of patient rooms, outpatient registration and the Emergency Department. The Hospital Foundation also contributed $2 million for the construction of the patient care wing.


Contributions are always needed and appreciated, and enable St. Luke's to maintain the highest level of patient care.

  • Bequests

    An up-to-date will is one of the most effective methods of Planned Giving. A bequest is simple, versatile, and tax-wise by designating an amount or a percentage of your estate as a gift. Your estate could benefit from a sizable charitable tax deduction.

  • Life Insurance

    The Hospital Foundation in Support of AdventHealth Polk may be named as the owner and/or beneficiary of an existing or new life insurance policy. You can name The Hospital Foundation as the recipient of your policy's death benefit, or you can sign over the ownership of an existing policy now. This latter method allows you to receive an income tax deduction equal to the policy's fair market value or the premiums paid, whichever is lower.

  • IRA's, 401k's, Bank Accounts

    Naming the Foundation as a primary or secondary beneficiary in your IRA, 401(k), bank or brokerage account only requires your signature and allows these assets to be worth far more as charitable tax-exempt gifts. By transferring these assets during your lifetime, you avoid estate and income taxes.

  • Cash or Appreciated Assets

    Checks made payable to The Hospital Foundation in support of AdventHealth Polk or gifts of appreciated securities (stocks, bonds, mutual funds) provide important tax advantages. Appreciated securities, those with a low-cost basis and high current value, provide the donor with tax deductions for the higher current value and no short- or long-term capital gains when the securities are sold by The Hospital Foundation. Gifts of appreciated property including real estate may provide significant tax deductions to you, the donor.

  • Charitable Remainder Trusts (CRT)

    The CRT provides income payable to the donor during their lifetime. It also provides an immediate tax deduction and a future gift of the remaining principal to The Hospital Foundation for St. Luke's Hospital at the beneficiary's death. It can be established with cash or highly appreciated assets that also give the donor a diversified source of income. Establishing the CRT removes assets from the estate, provides income, creates a current tax deduction, and provides a significant gift to The Hospital Foundation in Support of AdventHealth Polk.