Retirement Creates Donation from Thoughtful Estate Planner
In stretches of time that span over four decades, Paretta "Paddy" Mudd enjoyed a nursing career at Physicians Memorial Hospital, later named Civista Medical Center and now known as Charles Regional Medical Center. "I feel like I've seen it all," says Paddy, widow of the late Alfred Mudd current member of the LaPlata Town Council. "Even when the hospital changed its name, I knew that the staff and quality care provided inside the hospital walls didn't change and that's what's important."
When she decided to retire from the hospital, one of the first calls Paddy made was to the Foundation's Executive Director, Susan Vogel. As Paddy was evaluating her plans, the mother of six grown children and grandmother to 11 came to realize that the retirement income she would be receiving from the hospital would truly mean more to the hospital than to her, so she arranged to donate it to the Foundation for the remainder of her lifetime.
The Foundation acknowledged her charitable gesture with membership in its P.D. Brown Legacy Society and welcomed her into this growing group of supports who have tremendous vision for the hospital's future. "It was an easy decision for me," recalls Mudd, "and one way I can express my appreciation for a long career in a field I loved."
You can give the balance of your retirement plan to Charles Regional Medical Center Foundation. Actually, the plan may be worth more to the hospital in the form of a charitable gift than to your heirs in the form of taxable income.
You can give your retirement plan assets to Charles Regional Medical Center Foundation by:
- Passing the plan directly to CRMC as the primary beneficiary
- Creating a deferred giving option that will provide annual income to you or a family member for life
When you name the foundation as the beneficiary of your retirement plan and leave other assets to your family, you will provide us with valuable resources while reducing income and estate tax for your heirs.