Planned Giving

With a little planning, your gifts to Ellis can help you achieve your financial, philanthropic, and estate-planning goals.

Planned gifts give back, allowing you to take sizable income, capital gains, and estate deductions on your taxes. They can provide income for you and your family for life. Moreover, planned gifts can be much larger than other gifts, so you can leave a legacy that fits your philanthropic goals.

Please note that The Foundation for Ellis Medicine receives all charitable contributions for Ellis Medicine and its services and programs, including Bellevue Woman's Center, the Ellis Health Center and Ellis Hospital. Testamentary gifts, including bequests, intended to benefit any of these campuses must include the language, "The Foundation for Ellis Medicine"

Whether you are just thinking about your will or looking for opportunities to leave a legacy, we can help. Learn more about planned giving options here:

Bequest

You can make a provision in your will to designate a portion of your estate, including such items as cash, stock, land, art, or other personal belongings, to go to The Foundation for Ellis Medicine, Inc. A bequest to the Foundation is not subject to, estate or inheritance taxes, and the value of the bequest is deductible in determining your taxable estate. Learn more...

Charitable Gift Annuity

In exchange for your gift of $10,000 or more in the form of cash or stock, the Foundation agrees to pay you and/or a designee, such as a spouse or child, a fixed payment for life. The older you are the higher the income you will receive. You benefit by getting a tax deduction for creating the annuity, and a portion of the payments from Ellis will be tax-free. Charitable gift annuities are particularly advantageous when the donation is made with appreciated stock.

Gifts of Stock

Giving appreciated stock offers you two-fold tax savings. You avoid paying any capital gains tax on the increased value of your stock, and receive a tax deduction for the fair market value of the stock on the date of the gift. To take advantage of these tax benefits, stock must be transferred to the Foundation and sold through the Foundation's broker.

Pooled Life Income Fund

Your gift of at least $5,000 in cash or stock is pooled with other gifts for investment purposes. In return, you receive a proportionate share of the new income earned by the fund annually. You avoid capital gains and estate taxes on gifts of appreciated securities. Upon your death, your remaining assets in the fund go to the Foundation. You must be 65 years old to participate.

Life Insurance

Make a gift to The Foundation for Ellis Medicine, Inc. by naming it as a beneficiary of a life insurance policy. Your ongoing premium payments qualify as charitable deductions.

Real Estate

By giving real estate (property and/or homes), you avoid the difficulties of selling property and pay no capital gains taxes. The Foundation will sell the house or land, and the proceeds will benefit the hospital.

Retirement Plans

IRAs, 401(k) Plans, Keogh Plans, etc. may provide a good way for you to give to Ellis Medicine. Remember, you may designate The Foundation for Ellis Medicine, Inc. as a director or contingent beneficiary of your retirement plan.

Endowment

You may establish an endowment at the Foundation for a minimum of $50,000. To do so, the donor makes a contribution to The Foundation for Ellis Medicine, Inc., which then sets up the special account and invests the principal, following prudent strategies designed to protect it and make it grow. You may establish an endowment in your own name, or in honor or memory of someone who is special to you, or to ensure an annual stream of income to a specific program or service at Ellis Medicine. Discussing this with the Foundation staff in advance ensures that your gift will benefit Ellis as you wish and it will give us the opportunity to say "thank you!"