Gifts of Stock, IRAs, and Bequests

A gift of stock is a simple and tax-effective way to make a gift to support Beacon’s patient-centered mission.

Before you make a gift of stock, please contact us to inform us which stock you plan to transfer, how many shares, and to which department you would like the proceeds transferred.

We can accept both stock and mutual fund gifts through a DTC transfer. Please give the following instructions to your bank or broker:

  • Broker: Merrill Lynch
  • Account Name: Beacon Health Foundation
  • Account No.: 620-04A14
  • DTC Code: 8862
  • Contact Person: Candy Raven at (574) 282-3611

Please include your name and address to ensure accuracy in recognizing you for your gift. If you or your bank have questions about how to complete the transaction, please contact us.

Gifts of Retirement Plan Assets

Gifts of retirement plan assets to Beacon, both during your lifetime and through your estate, 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.

IRA Charitable Rollover

If you are 70½  or older, you can make a gift of assets to Beacon directly from your IRA. Such a gift does not result in a taxable distribution to you, and helps to satisfy the required minimum annual distribution from your IRA. Please note that gifts from a 401(k) or 403(b) plan do not qualify for this benefit.

Future Gift of Retirement Plan Assets

Funds from an IRA, 401(k), 403(b), or other type of retirement plan can be taxed heavily — at a rate that can exceed 50 percent — when you pass them on to children or other beneficiaries through your estate. If these assets are instead directed to benefit Beacon or another charitable entity, you can avoid federal and state taxes altogether. 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.

Leave Beacon in Your Will

Gifts by will, known as bequests, are an ideal way to leave a lasting legacy in your name while enabling Beacon to continue to provide 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.

For more information on how to make a gift by will, including suggested language for bequests, please contact us. 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.

Did you know that the vast majority of Americans don’t have a will? Are you one of them?

Even if you plan to live to the ripe old age of 150, you need a will – it’s the best way to take care of the people you love and the causes you care about. We’ve partnered with our friends at FreeWill to give you a free and easy way to write your legally valid will today. Many people also like to include a gift to Beacon Health Foundation to invest in quality health care for our community for decades to come.

The service is free whether or not you choose to include a gift. If you prefer to work with an attorney, you can also use the tools to start your will and document your wishes, saving you time and money at the lawyer’s office.

Other Planned Giving Opportunities

In addition to gifts through retirement plans and wills, we welcome the chance to discuss other planned giving opportunities with you. Charitable remainder unitrusts, charitable remainder annuity trusts, and gift annuities can all 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.

If you have any questions, concerns, or you would like more information about how you can make a difference through supporting the Beacon Health Foundation, please contact us.

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