Join the Legacy Society

Improve the Lives of Patients in Years to Come

The Baystate Health Foundation Legacy Society honors and celebrates those who create a lasting legacy of giving in their estate plans to support and strengthen the future of care for Baystate Health.

This honorary society recognizes those who have the foresight and vision to include a gift to Baystate Health Foundation in their will or trust; name us as a beneficiary of a retirement plan, brokerage account, life insurance policy, bank account, or real estate; establish a charitable gift annuity or trust; or made a future gift to Baystate Health through another arrangement in their estate plans. 

Learn why some of our dedicated supporters chose to include Baystate Health in their gift and estate planning.

If you have included Baystate Health in your estate plans, please contact us or complete our intention form to let us know. We welcome you to join the Legacy Society, a community of like-minded individuals committed to ensuring that Baystate Health has the resources it needs to meet the healthcare priorities of the future.

Benefits of Membership

  • Recognition and listing* in Baystate Health Foundation’s annual honor roll of donors and website
  • Invitations to special events and learning opportunities
  • Bi-annual President’s Letter
  • Significant charitable tax deductions
  • Possible capital gains tax benefits
  • Possible lifetime income to you and/or loved ones
  • The satisfaction of supporting life-saving and life-transforming care

*Please know that you may always remain anonymous in your philanthropy; we will respect your wishes to not be listed publicly.

Contact Us

Thank you for exploring ways you could make a meaningful gift in support of the future of Baystate Health. If you have already arranged for a gift, please let us know so we may thank you. If you are interested in learning more about making a planned gift and joining the Baystate Health Foundation Legacy Society, please contact us at 413-794-7789. All inquiries are held in the strictest confidence and there is no obligation. 

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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.