Planned Giving Opportunities

Bequests

Many grateful families, friends and former patients have provided for OSF St. Francis Hospital as part of their estate. Bequests enable the medical center to provide the best possible care for the individuals we serve.

Benefits of Bequests

• The ability to designate a specific dollar amount or percentage of the net proceeds of the estate
• The ability to name OSF St. Francis Hospital as a secondary beneficiary, leaving the bulk of your assets to your family
• Reducing or avoiding federal estate taxation

Suggested Language for Bequests

"I give to OSF HealthCare Foundation, a not-for-profit corporation, for the benefit of patients at OSF St. Francis Hospital, located at 3401 Ludington St., Escanaba, MI, the sum of (none), or ____% of my residuary estate, (and/or if property is given, describe same), for its general use and purposes."

*Please call our office at 906-786-5707, ext. 5516, if you need further information or are interested in designating your bequest to a specific program.

Charitable Gift Annuities

A charitable gift annuity is a wonderful way to support OSF St. Francis Hospital while simultaneously receiving a fixed income during the income beneficiary's lifetime.

Benefits of Charitable Gift Annuities

• Receiving a lifetime payment
• Avoiding capital gains taxation
• Qualifies for charitable income tax deduction

Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives. Please call the OSF St. Francis Hospital Foundation at (906) 786-5707, ext. 5516, to discuss if a Charitable Gift Annuity is right for you.

Charitable Remainder Trusts

By creating and funding a charitable remainder trust, you can make a significant future gift while you and/or a beneficiary (or beneficiaries) designated by you, receive annual income.

Benefits of Charitable Remainder Trusts

• Provides income for you or a designated beneficiary
• Avoiding capital gains taxation
• Qualifies for charitable income tax deduction

Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives. Please call the OSF St. Francis Hospital Foundation at 906-786-5707, ext. 5516, to discuss if a Charitable Remainder Trust is right for you.

Life Insurance

When making a life insurance gift to the OSF St. Francis Hospital Foundation you may contribute an existing life insurance policy that your family no longer needs or you may establish a new policy with the OSF St. Francis Hospital Foundation named as owner and beneficiary.

When you give an existing policy, you may qualify for a charitable income tax deduction based upon the cash surrender value of the policy on the date of the contribution. For new policies, you may deduct the amount of your premium payment as long as it is provided directly to the OSF St. Francis Hospital Foundation.

Benefits of Gifting Life Insurance

• Advantageous tax deductions
• Ability to make a contribution without other assets
• Can be used to replace the value of assets or other property contributed to the OSF St Francis Hospital Foundation

Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives. Please call the OSF St. Francis Hospital Foundation at 906-786-5707, ext. 5516, to discuss if gifting life insurance is right for you.

Retirement Assets

Gift of retirement assets (i.e., IRAs, 401(k), 403(b) accounts) is a great way to fulfill your philanthropic objectives.

Benefits of Gifting Retirement Assets

• Avoiding income tax; the income of the retirement asset will be taxed at the income tax rate of your beneficiaries
• Reducing or avoiding federal estate taxation
• Avoiding state inheritance tax (varies by state)
• The ability to name the OSF St. Francis Hospital Foundation as a secondary beneficiary, leaving the bulk of your assets to your family

Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives. Please call the OSF St. Francis Hospital Foundation to discuss if gifting Retirement Assets is right for you.

Appreciated Securities

A gift of long-term appreciated securities is frequently the most economic way for supporters to make a charitable contribution.

Benefits of Appreciated Securities

• Increasing the size of your gift while lowering your net-after-tax cost
• Eliminating capital gains on the appreciation of your shares
• Being eligible to receive a charitable income tax deduction for the full fair market value of your shares
• Making an immediate impact upon the lives of some of our most deserving patients

Appreciated Securities Can Be...

• Given annually or as a one-time contribution
• Used to establish a planned giving vehicle such as a charitable gift annuity or charitable remainder trust
• Used to create a permanent fund at the OSF St. Francis Hospital Foundation to honor a friend or member of your family

Our staff is available to work with you and your advisors in confidence-and without obligation-to help you determine the best options for accomplishing both your personal and philanthropic goals. For further information, please call the OSF St. Francis Hospital Foundation office at 906-786-5707, ext. 5516.