Sadowsky Family Legacy

Building for the Future

As a father, grandfather and business leader, Jim Sadowsky knows that Baystate Health plays a vital role in the lives of everyone in our region. As a chair of the Baystate Health Board of Trustees, he knows what it takes to ensure that Baystate Health will always be there for western Massachusetts.

That's why he and his family have made Baystate Health a philanthropic priority. The Sadowsky's generosity is providing care for the children of western Massachusetts today - most visibly through Baystate Medical Center's Sadowsky Family Pediatric Emergency Department and the Sadowsky Center for Children

In the future, our community will continue to benefit from the Sadowskys through the gift in their will to Baystate Health Foundation. Jim and his wife, Barbara, designated this gift in support of the endowment so that their family's legacy could continue to make an impact.

"Endowment giving is the most powerful form of support," he explains. "A strong endowment builds a stable future for an organization, while generating annual income that can be used to meet current needs. For donors, it maximizes both impact and flexibility."

"On behalf of every patient, we would like to express our gratitude to everyone who joins us in helping to sustain Baystate Health for future generations," Jim adds. "Every gift to the endowment sustains its excellence today and drives innovation tomorrow."

You Can Do More With a Planned Gift
Contact Kylie Johnson at 413-794-7789 or kylie.johnson@baystatehealth.org to learn more about supporting Baystate Health through a planned gift.

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, [name], of [city, state, ZIP], give, devise and bequeath to Baystate Health Foundation [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 gift 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 receive an immediate federal income tax charitable deduction. 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 receive an immediate federal income tax charitable deduction. 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.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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