Make an Impact
Making a gift through your estate, a charitable gift annuity, or an IRA can have huge benefits for you and for Hebrew SeniorLife at the same time.
Bequests and life income gifts help you plan for the future, increase your income, and give to others in a meaningful way. The options can be tailored to your age, assets, and philanthropy goals.
By planning your estate and legacy, you can:
- Give a personally significant gift to Hebrew SeniorLife
- Save on gift and estate taxes
- Reduce or avoid capital gains taxes
- Pass assets on to family members at reduced tax costs
- Receive income for life
There are a number of options for planned giving. Not sure which is right for you? We're happy to have a conversation.
Join Our Legacy Society
By including Hebrew SeniorLife in your will or estate, you will join a group of individuals whose generosity and foresight will support our mission for years to come. Your gift will fund initiatives including training programs for new Certified Nursing Assistants, keeping residents of affordable housing communities healthy and independent, memory care for patients and support for their families, vital research, and more.
Explore all the ways you can have a long-lasting impact on older adults.
There’s an option to fit every financial situation and philanthropic goal.
Charitable Gift Annuities
When you establish a charitable gift annuity to benefit Hebrew SeniorLife, your gift will provide you with an attractive fixed rate of return and tax benefits. There are two types of gift annuities: With immediate CGAs, payments begin immediately. With a deferred CGA, payments begin on a specific date in the future. The longer the deferral, the higher your annuity rate. It’s an easy way to benefit from a tax deduction while knowing your gift is also helping seniors lives their best lives.
Charitable Remainder Trust
A charitable remainder trust is a gift of cash or other property to an irrevocable trust. You receive an income stream from the trust for a term of years or for life and Hebrew SeniorLife receives the remaining trust assets at the end of the trust term.
Gifts of Assets
Many assets, such as stocks, bonds, or real estate, can be used to make a gift to Hebrew SeniorLife. Giving stock is easy, plus it has an added tax benefit: you will receive a charitable tax deduction for the full value of the stock, and you will not pay income tax on any of the capital gains.
Bequests
A charitable bequest, made in your will or other estate documents, enables you to provide Hebrew SeniorLife with future support without reducing your current income; types of bequests include cash from your estate, gifts of assets, and beneficiary gifts from a retirement plan.
Sample Bequest Language
The following language may help you and your attorney when drawing up a bequest that meets your needs:
General Purpose: “I bequeath the sum of $_______ (or __ % of my estate) to Hebrew SeniorLife, Inc., a qualified 501(c)(3) charitable organization currently located at 1200 Centre Street, Boston, MA 02131. This bequest is unrestricted and the organization in its sole discretion may use it in any manner it deems appropriate. HSL’s Federal Tax ID: 90-0183119.”
Restricted Purpose: “I bequeath the sum of $_____ (or __% of my estate) to Hebrew SeniorLife, Inc., a qualified 501(c)(3) charitable organization currently located at 1200 Centre Street, Boston, MA 02131. This bequest is restricted for the purpose of ________. In the event that the purpose of the restriction, in the opinion of the CEO, becomes unnecessary or impracticable, then I direct that my gift shall be devoted to such purpose as the organization shall determine, keeping such use as close to my intent as possible. HSL’s Federal Tax ID: 90-0183119.”
