There are many ways to make a philanthropic gift to Brigham and Women's Hospital while first providing for yourself and your loved ones. Life income gifts are a solid investment in the hospital's future and provide a guaranteed life income to you or a beneficiary you designate. These types of gifts can be made to the hospital in a number of ways:
Charitable Gift Annuity: A gift annuity is a simple contract between you and Brigham and Women's Hospital. The hospital promises to pay you and/or another designated beneficiary a guaranteed, fixed amount of annual income for life. In addition to the dependable income, you receive a charitable income tax deduction and reduced capital gains tax, if the gift is made with appreciated securities. After the death of the last beneficiary, the remainder goes to BWH.
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Charitable Remainder Trust: A charitable remainder trust is an irrevocable trust which provides income to you or another designated beneficiary during your lifetime(s) and then distributes the remainder to BWH upon the death of the last beneficiary. Charitable remainder trusts are a good way to turn low-yielding assets, such as stock with a low dividend, into a higher life-income.
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Charitable Lead Trust: A charitable lead trust is the opposite of a remainder trust in that the income is paid to Brigham and Women's Hospital for a specified number of years, after which the trust assets go back to you or another designated beneficiary. If you request that the property pass to your children or grandchildren at the end of the term, there can be significant estate tax savings. This is a way to make a generous gift and to transfer assets to children with much lower transfer tax costs.
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Pooled Income Fund: A gift to Brigham and Women's Hospital's Pooled Income Fund pays income for life to you or someone else you choose. A pooled income fund is similar to a mutual fund. Your gift, combined with other donors' gifts, is assigned a number of "units" in the fund. You receive a pro-rated share of the fund's earnings every three months. The income amount will vary depending on the performance of the fund. You may name a second beneficiary to receive life income after your death. When the beneficiary dies, your share of the funds is distributed to the hospital. In addition to a variable income for life, you will receive a charitable income tax deduction in the year of the gift. If the gift is made with appreciated securities instead of cash, you avoid capital gains tax.
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If you would like more information on gifts that support Brigham and Women's Hospital and provide support for you and your family, please contact Carl Finn, Development Officer, at (617) 424-4300 or via
e-mail.