Your Gift Can Give Forever

The Power of an Endowed Gift

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View and download your FREE copy of Endowments: A Gift That Lasts Forever.

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When you make a donation to our endowment you give a lasting and powerful resource. Endowment donations are permanently invested to allow for growth of principal. A portion of the income from the investment is used each year to address immediate needs for Baystate Health. The remaining funds continue to grow and ensure support from one generation to the next.

Read how the Grodsky Family showed their commitment to quality healthcare with a gift to endowment.

Here's a Potential Scenario

graph with up arrow Longtime supporters Terry and Steve want to make sure Baystate Health continues to be an innovator in health care advances long after they're gone. They also want to memorialize Steve's parents, Mr. and Mrs. Andrews. They decide to make a gift of $100,000, payable over five years, to Baystate Health to establish The Howard and Michelle Andrews Fund for Cancer Care.

Terry and Steve enjoy a federal income tax deduction on their gifts each year and we invest their gift. Once the fund is established, a portion of the income is put to use each year to ensure that patients who rely on use for cancer care continue to have access to cutting edge technology and procedures and to physicians with the skills to deliver the best possible care. The principal of the fund continues to grow; that is what allows it to support us—and honor Steve's parents—for generations to come.

Make Sure You Have a Plan for All Your Assets

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Next Steps

  1. Contact Kylie Johnson at 413-794-7789 or to discuss endowed gifts.
  2. Seek the advice of your financial or legal advisor.
  3. When you include Baystate Health in your plans, please use our legal name and federal tax ID.

Legal Name: Baystate Health Foundation, Inc.
Legal Address: 759 Chestnut Street, Springfield, MA 01199
Mailing Address: 280 Chestnut Street, Springfield, MA 01199
Federal Tax ID Number: 04-3549011

A charitable bequest is one or two sentences in your will or living trust that leave to Baystate Health Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Baystate Health Foundation, a nonprofit corporation currently located at 759 Chestnut Street, Springfield, MA 01199, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Baystate Health or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Baystate Health as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Baystate Health as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Baystate Health where you agree to make a gift to Baystate Health and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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