Gifts that cost you nothing now
You can leave a legacy gift with nothing more than your signature. When you include Mercy Health Foundation in your estate plans, your personal feelings about helping people in need are connected with our mission to provide healthcare through the healing ministry of Jesus. Once your family and friends are provided for, we hope you’ll consider making Mercy Health Foundation part of your legacy.
Gifts by bequest
You can give a legacy gift in your will or trust, and here are common ways that people leave a gift to Mercy Health Foundation:
General bequest by which the Foundation receives a legacy gift in your will or living trust, typically personal property or assets.
Residual bequest by which the Foundation receives a percentage of the remainder of your estate after other specific legacies have been fulfilled.
Specific bequest by which the Foundation receives a specific dollar amount or stated fraction of your estate or a specified gift in kind (collections, art, books, jewelry, and so on).
Contingent bequest by which the Foundation would receive a stated share of your estate, but only in the event of the prior death of other named beneficiaries.
We’re grateful for supporters like you, who choose these types of gifts that have a positive and lasting impact for hurting people now and for years to come.
Retirement Plan Gift: Retirement funds are important investments, and many people choose to name charitable organizations as final beneficiaries to reduce taxes and to further a cause they believe in.
To name Mercy Health Foundation as a beneficiary of your retirement plan, contact your bank or insurance company to determine whether a change of beneficiary form needs to be completed.
Life insurance plan gift: A gift of life insurance is an affordable way to make a significant gift to Mercy Health Foundation while also enjoying tax savings during your lifetime. Benefits include:
- A significant gift from disposable income at a fraction of the value.
- Tax saving can be immediately realized.
- Your donation could reduce final taxes of your estate.
- Insurance gifts pass outside the estate.
As with all gift planning, you should consult with your tax advisor and lawyer to determine what planned gift strategy is best for your current tax situation and income requirements. Consulting estate-planning professionals will help ensure that your wishes to make a lasting impact will be fulfilled.
Savings bonds: If you have bonds that have stopped earning interest and you plan to redeem them, you will owe income tax on the appreciation. Leaving them to loved ones means they will owe income tax when they cash the bonds, and potentially estate taxes. In the end, your heirs will receive only a fraction of the value of the bonds in which you so carefully invested. Since Mercy Health Foundation is tax-exempt, naming us the beneficiary of these bonds will ensure that 100 percent of your gift will go toward helping people in need.
CDs, Bank accounts, and brokerage accounts: One of the easiest ways to help people in need is by naming Mercy Health Foundation as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account.
Donor advised fund residuals: Final distribution of contributions remaining in a Donor Advised Fund is governed by the contract you completed when you created your fund. We hope you will consider naming Mercy Health Foundation as a “successor” of your account. Or, you can name the Foundation as the successor for a portion of the account value, leaving the remaining portion for your heirs.
If you have any questions, please email us at firstname.lastname@example.org. Thank you for your support.