Saving lives, inspiring hope and impacting the future of healthcare.
Your gifts fund lifesaving technology, nursing scholarships, pediatric cancer treatment programs and so much more. Your gifts mean we can give our community the best health care, close to home. Some of the most unique ways to give back to your community are at Beacon. From memorial gifts to retirement plan assets, you can give back and make a difference. Thank you for trusting us!
Types of gifts
There are many ways to give to the Beacon Health Foundation, all of which assist us in providing the best care for you and your loved ones.
A cash gift is the simplest way to establish a fund or give to an existing fund. Gifts are fully deductible up to 50 percent of the donor’s AGI in any one year. Make checks payable to Beacon Health Foundation and note the name of the cause you are donating to in the memo line. Please contact a member of our team for assistance.
Gifts of appreciated securities also provide tax advantages. If you have held these for a year or longer, the current value is generally tax-deductible up to 30 percent of your AGI, with a five-year carryover if the gift amount is more than the 30 percent limit. Please contact a member of our team for assistance.
Beacon Health Foundation accepts gifts of stock and mutual fund transfers. Please contact a member of our team with details on the stock you plan to transfer, how many shares and to which department you would like the proceeds transferred. Please include your name and address to ensure accuracy in recognizing you for your gift.
We also accept gifts from closely held stock, partnership interests, real estate and certain items of tangible property. Please contact a member of our team for assistance.
Inspired giving
At Beacon, we believe our greatest gifts are those given in celebration of others, recognition of the great care we receive or remembrance of those we love.
Did you receive great care from a nurse, a doctor or an entire department? Share your message of gratitude! Honoring great care allows you to recognize a member or department within Beacon Health System, while directly impacting health and health care right in your own community. All messages are forwarded to our team members. Use the form below to:
- Write your provider or care team a message of gratitude.
- Make a gift to help others.
- Know you have made a difference.
Making a gift in memory or honor of a loved one is an excellent way to celebrate their life and impact. Not only do you honor their legacy, your gift will also make a difference for others in need.
When you make a memorial gift, we are happy to notify the honoree or their family of your thoughtfulness. Please enter their mailing information at the bottom of the donation page in the provided fields and know that we will not disclose your gift amount. A separate receipt will be mailed to you to acknowledge your gift for tax purposes.
There are many ways to celebrate special occasions, but one of the best is giving back. Celebrate your special occasion by making a tribute gift to Beacon Health Foundation in honor of your achievements, milestones or loved ones. Some of the most popular special occasions honored through gifts include:
- Birthdays
- Graduations
- Weddings/anniversaries
- Holidays
- Other special occasions or accomplishments
Creative planned giving
Creative planned giving is an ideal way to leave a meaningful legacy. There are many ways to creatively plan your giving after gifts to your family and friends have been fulfilled.
When you name Beacon as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction that usually approximates the cash surrender value of the policy. All premium payments made thereafter are deductible as a charitable contribution.
Join us in building a strong financial foundation and create a lasting legacy for you and your family.
Beacon has established general endowment funds in four key areas. Gifts of any size added to these endowments make a difference!
- Beacon Children’s Hospital
- Child Life Program (within Beacon Children’s Hospital)
- Nursing Education
- Cancer Services
You can also create a named endowment in any area of the health system you are passionate about. Named endowments may be created with a gift of $50,000 or more and are a great way to honor or recognize someone you love. Gifts can be made outright or via a planned gift.
Naming Beacon in your will, also called a bequest, is an ideal way to leave a lasting legacy in your name while enabling Beacon to continue providing exceptional care to our region’s families for generations to come.
Through a bequest, you can designate a specific dollar amount to be transferred to Beacon from your will or living trust. You can also include Beacon for a percentage of your estate or a portion of what is left after all gifts to family and friends have been fulfilled.
If you have already included Beacon in your will or living trust, please let us know so that we can personally thank you and ensure that your gift can be used for the purpose you intend. For more information on how to make a gift by will, including suggested language for bequests, please contact us.
Gifts of retirement plan assets to Beacon can help to advance the quality of health care in our community, while at the same time providing you and your heirs with substantial tax benefits. For questions or additional information regarding your stocks and/or IRA gifts, please contact us.
Funds from an IRA, 401(k), 403(b) or other type of retirement plan can be taxed upwards of 50 percent when you pass them on to children or other beneficiaries through your estate.
You can avoid federal and state taxes when these assets are instead directed to benefit Beacon or another charitable entity. You can accomplish such a gift by completing a beneficiary designation form and submitting it to your plan administrator.
Because tax laws are ever-changing, we encourage you to consult with your financial and/or legal advisors before making final decisions regarding charitable gifts.
Charitable remainder unitrusts, charitable remainder annuity trusts and gift annuities are additional ways we can provide you with substantial income tax benefits, as well as income for life or a fixed period.
When the trust or annuity term ends, the remaining funds are distributed to Beacon to benefit an area that you have selected, enabling you to contribute meaningfully to our mission of enhancing the physical, mental and emotional well-being of the communities we serve.
