Leave a Legacy
A gift beyond your lifetime has an enduring impact in the lives of people served by our healthcare ministry. Planned gifts may increase your income, provide income-tax deductions, and reduce estate taxes.
Types of planned gifts you may wish to consider on behalf of St. Luke's include:
- A bequest in your will;
- Beneficiary designation for your life insurance policies, individual retirement accounts (IRA's), annuities, or other types of savings plans;
- Beneficiary designation for a life-income plan, such as a charitable trust; or
- Gift of appreciated securities and/or closely held stock
Gift Type | Basic Description | Benefits to Donors | Candidates for this Option |
Bequest | Gift of any amount through a will, trust, or retirement account
| Estate tax benefits | Donors of any age or income level
|
Life Insurance | Beneficiary designation of a new or existing policy
Named insured need not be the donor
| Current value of policy is tax deductible, as are future premium payments | Donors of any age or income level
|
Charitable Gift Annuities | A gift of cash or stock in return for fixed payments to the donor for life
Upon passing, remainder is distributed to the charity | Security of a fixed income for life
Income tax charitable deduction in year of gift | Older donors who want to help a charity, have liquid assets (such as stocks, CDs, savings accounts)
Middle-aged donors who want to provide income for their parents or others
|
Charitable Remainder Trust | A gift of cash, stock, real estate or complex assets in return for variable payments (a % of gift)
Upon passing, remainder is distributed to the charity
| Annual income that can adjust over time; act as hedge against inflation
May avoid capital gains taxes on appreciated assets
Income tax charitable deduction in year of gift
| Donors of any age, but generally middle-aged
Good for complex or appreciated assets |
Please consult with your financial and legal advisors to determine which of these options best fits your needs and interests.
If you choose to provide a gift to St. Luke's in your estate plans, please use the linked form to confirm your gift and recognition intent. Legacy Society Intent Giving Form (PDF)