Whether we have much or little, a plan is crucial to the effective use, management and distribution of our resources for our family and our community. Working with an estate professional, you can leave your legacy and develop a planned gift that is equally rewarding for you, your heirs and the St. Vincent Hospital Foundation. Not only will your generosity support our mission, but you’ll also receive special tax benefits. A variety of planned giving options are available – Endowments, Bequests, Charitable Remainder Trust (CRT), Chartable Gift Annuity (CGA) and more.
The St. Vincent Hospital Foundation staff will inform, guide and serve donors wishing to make a planned gift; however, we urge anyone considering this type of gift to seek the counsel of their own legal advisor in reviewing the tax consequences, terms and overall estate plan implications.
Common Types of Planned Gifts
Charitable Bequest
A charitable bequest is a gift through your will or living trust. The process is straightforward and revocable, should your circumstances or intentions change. To dedicate a bequest to the St. Vincent Hospital Foundation, please share the following sample language with your attorney:
I give to St. Vincent Hospital Foundation, dba St. Vincent Hospital Foundation, [specific dollar amount] for its unrestricted use and purpose.
Beneficiary Designation
You can also name the St. Vincent Hospital Foundation as the beneficiary of a retirement plan or life insurance policy, a choice that may bring considerable tax benefits. The process is often as simple as completing a form from your plan administrator or policy underwriter. Like the charitable bequest, this decision can be revoked during your lifetime.
Helpful Information for Your Estate Advisor
Our 501(c)3 tax ID number is: 85-0282847
