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Refundable Entrance Fee

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Many residents have chosen to make a bequest of a percentage of the fee as part of their estate.

With a new program instituted by Ingleside, you may now choose to use a percentage of your refundable entrance during your lifetime to fund a charitable gift annuity, and enjoy income and tax benefits all while providing an immediate charitable gift to the Foundation.

A bequest of a percentage of your refundable entrance fee could be right for you if:

  • You want to make a gift to Westminster Ingleside Foundation.
  • You want the flexibility to change your mind.
  • An immediate income charitable tax deduction for your gift is not important to you.

How it works

  • You make WIF a beneficiary in your will, or a designated beneficiary of your retirement plan, life insurance policy, or other asset.
  • WIF receives your gift when your estate is settled.

A gift with a percentage of your refundable entrance to create a charitable gift annuity could be right for you if:

  • You want to generate income from a currently non-performing asset.
  • You would like to make a gift to Westminster Ingleside Foundation.

How it works

  • You decide on a percentage of your refundable entrance fee that you would like to use to create a charitable gift annuity.
  • A contract is created between you and your community to release the present value of the cash amount you have chosen.
  • Using the released amount, you make a gift to Westminster Ingleside Foundation to issue a charitable gift annuity.

How Your Gift Helps

Your gifts to the Westminster Ingleside Foundation help raise funds in support of the continuing care retirement communities Ingleside at Rock Creek, Westminster at Lake Ridge, and Ingleside at King Farm. It will provide the Westminster Ingleside Foundation with the resources to…

raise charitable funds to help residents in need
enhance the quality of life for all residents
build an endowment for the future

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2275 Research Boulevard | Suite 450 | Rockville, MD 20850 | Tel. 202.596.3137