If you have a loved one who has benefitted from hospice care, establishing a gift to further future patient and family support is a meaningful way to honor them, and celebrate their life. At the Tribute of Life Foundation, we believe it’s important to add life to each day and celebrate the journey. Your memorial or tribute gift will make a lasting difference in the lives of those we serve through our partners at Hospice Home Care (Arkansas) and Spring Valley Hospice (Mississippi).
Fund Your Gift With:
One of the easiest and most common ways for you to support the Tribute of Life Foundation is with a gift of cash. Cash can be used to support our work in the form of:
An outright gift. By making a cash gift by check, credit card or money order today, you enable us to meet our most urgent needs and carry out our mission on a daily basis. You will have the opportunity to see your generosity in action and will also receive a federal income tax charitable deduction, when you itemize.
A payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.
Securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to the Tribute of Life Foundation. Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself.
When you donate appreciated securities or mutual funds you have held more than one year to us in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Securities are most often used to support our work in the form of:
An outright gift. When you donate securities to the TOL Foundation, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.
A transfer on death (TOD) account.* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime.
*State laws govern payable on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.
Additional Ways to Fund Your Gift:
- Seek the advice of your financial or legal advisor.
- If you include the Tribute of Life Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: Tribute of Life Foundation
Address: 12120 Colonel Glenn Road, Suite 10,000 Little Rock, AR 72210
Federal Tax ID Number: 46-5310798