Gifts that combine philanthropy with financial planning enable donors to support Greenwich Hospital in a variety of creative and flexible ways. All of these opportunities offer significant benefits to donors while providing vital resources to support the hospital’s mission of healing.
Just as donations may be tax-deductible, bequests can sometimes reduce the taxes that may be levied against your estate.
Some types of planned gifts you may want to consider include:
Bequests or Wills
Individuals can make a special gift by naming the hospital in a will, also known as a bequest. Bequests of cash, securities, real estate or personal property (art or jewelry) can be designated as unrestricted or directed to a special area. A bequest could provide tax estate benefits.
Life Income Gifts
Life income gifts can take many forms, including charitable gift annuities or charitable remainder trusts. These gifts provide the donor (or person designated) with an annual income and possible tax benefits, while supporting the hospital.
Charitable Lead Trusts
Charitable lead trusts involve an annual gift to Greenwich Hospital for the lifetime of one or more individuals or for a fixed time period.
Individuals can designate Greenwich Hospital as the beneficiary to a life insurance policy that may no longer be needed for its original purpose.
Gifts of real estate (land, investment property or home residence) help to support the hospital and may provide tax benefits.
Retirement accounts can be used as source of charitable giving in a variety of ways.
Savings Accounts and Certificate of Deposits
Funds in saving accounts and certificates of deposits can support Greenwich Hospital if the hospital is a joint owner of the account with rights of survivorship only.
Consult with an attorney or financial planner who is knowledgeable about estate planning and familiar with the laws in the state where you live.
The Hyde Society
The Hyde Society is a Recognition Society that honors those who have made a commitment to Greenwich Hospital through their estate plans. Gifts made through wills, also called bequests, are lasting legacies that help secure a future for the hospital and the community. A provision in a will allows for a substantial contribution without diminishing assets during an individual’s lifetime. To join the Hyde Society, contact The Greenwich Hospital Foundation.
For more information about Planned Giving
For information about a specific type of planned gift or an illustration of the income and tax benefits of making a planned gift, please supply the following information:
- Your name, address, daytime telephone number (optional), and email address (optional)
- Your date of birth (include birth date of second beneficiary, if any)
- Whether you would like an example based on the minimum gift or another amount
- Whether you plan to fund our gift with cash or with appreciated securities (include approximate cost of securities when purchased)
You may contact us by phone, email or fax:
Greenwich Hospital Foundation
35 River Road
Cos Cob, CT 06807
All information remains confidential and does not obligate you in any way to complete a gift to Greenwich Hospital.