A simple way you can support Baystate Health’s mission, to improve the health of the people in our communities every day, with quality and compassion, is to name Baystate Health Foundation as a percentage beneficiary of your:
- Retirement plans, such as an IRA, 401(k), 403(b), etc.
- Bank and brokerage accounts, or
- Paid-up life insurance policy
Beneficiary designations allow you to specify the individuals and charities you want to support. You can also specify the percentage you want each beneficiary to receive. It’s literally as easy as filling out a form.
Your gift avoids income and estate taxes. You may control the disposition of these assets without changing your will or living trust. You can obtain a “change of beneficiary form” by calling or visiting the website of your insurer or retirement plan administrator. The form takes just a few minutes to complete, yet your gift will provide health and healing for generations to come. You will make a real difference.
Suggested Language for a Will or Trust
Specific Bequest
You can make an impact by leaving a specified dollar amount or percentage of your estate. You may also make your gift in honor of or in memorial for a loved one.
Suggested Language:
I give DOLLAR AMOUNT [or ___% of my estate] to Baystate Health Foundation, Inc., a charitable organization established by law in Massachusetts (Federal Tax ID# 04-3549011), to be used for _________________ (greatest needs or name of hospital or program).
Restricted Bequest
You may also direct your gift to a favorite hospital, program or area you wish to support at Baystate Health.
Suggested Language:
I give DOLLAR AMOUNT [or percentage of my estate] to Baystate Health Foundation, Inc., a charitable organization established by law in Massachusetts (Federal Tax ID# 04-3549011), to be used for to fulfill the mission of Baystate Health, with a focus on the following purpose: [State the purpose as broadly as possible].