Bequests and Life Income Options
Appreciated Securities
An outright gift of long-term appreciated securities (for instance stocks or mutual fund shares held for more than a year) avoids capital gains taxes and, in most cases, allows you to claim a charitable income tax deduction equal to the market value of the securities. Gifts of appreciated securities are fully deductible up to 30% of your adjusted gross income and may be carried forward for five additional years.
Stock transfer
Ask your banker or broker to call the Emerson Health Care Foundation Office at 978/287-3080 for transfer instructions and send the Development Office the following information: your name, broker name and number, stock name and # of shares (if known), and the designation of your gift.
Mutual Fund Shares
Gifts can be made from mutual fund accounts to Emerson Health Care Foundation. Please contact your mutual fund manager for their specific instructions. This process may take several weeks to complete.
Bequests
Emerson Hospital continues to be shaped in significant ways by the legacies--large and small--of individuals who recognize the importance of having a strong community hospital nearby. We hope you will consider joining this tradition, and help to shape the future, by making a bequest to Emerson in your will.
If you plan to include Emerson in your estate plan, please consider informing us so that we have the opportunity to thank you personally for your expression of confidence in Emerson. Also we would like to recognize your commitment by including you as a member of the Casper Jenney Society.
Your attorney can use the following language to add a codicil or appendix to your present will:
- "I leave the sum of $___ to Emerson Health Care Foundation, Inc."
- "I leave ___% of the remainder of my estate to Emerson Hospital Health Care Foundation, Inc."
- "If XX is not living at my death, I direct that $___ or ___% of the remainder of my estate be distributed instead to Emerson Health Care Foundation, Inc."
Gift Annuities
With a charitable gift annuity, a donor may add income and tax benefits to their list of reasons for choosing to support Emerson Hospital. Gift annuities are a simple contractual arrangement whereby a donor makes a minimum gift of $10,000 to Emerson Health Care Foundation, and in return receives a lifetime, guaranteed income and an income tax charitable deduction. The rate of income is set at the time the gift is made and is calculated based upon the age of the one or two income beneficiaries (minimum age of 60). Here is a sampling of gift annuity rates:
| Age(s) of Beneficiary (ies) | Annuity Rate |
| 60 | 5.7% |
| 70 | 6.5% |
| 80 | 8.0% |
| 70 & 70 | 5.9% |
| 80 & 80 | 6.9% |
To calculate the annuity payment, simply multiply the annuity rate by the size of your gift. For example, payments to an 80-year old beneficiary for a $10,000 gift would be $800 per year, each year, for his or her lifetime.
Pooled Income Fund
The Emerson Pooled Income Fund is a gift vehicle through which you may contribute to the Hospital and receive income for life for yourself and/or a beneficiary. Similar to mutual funds, this is a trust fund into which donors' contributions are pooled and invested. The check you or your beneficiary receives each quarter reflects your share of the fund's portfolio income. The minimum initial contribution to Emerson's Pooled Income Fund is $10,000. Our fund is managed by State Street Global Advisors.
For more information on these and other tax-advantaged giving options, please contact Jack Dresser, Vice President for Development, at 978-287-3081 or email jdresser@emersonhosp.org.
The information contained on these pages is for general purposes only. We encourage you to speak with your attorney or financial advisor.