Planned Gifts

Thank you for considering a gift to help support University Hospitals St. John Medical Center. We know that if you make a contribution, it will be because you believe in what we do here and that you want to help make a difference in other people’s lives. But we want to make sure that you will benefit from giving a gift, too.

Your Gift Options

Some of the most common donations are outright gifts, such as cash or a check, which are received right away. But you may wish to retain your money and assets for the time being to ensure that you can meet your family's financial obligations. You may be pleased to learn that we offer financially sound alternatives that allow you to still make a gift. These are known as planned gifts.

Learn More About Planned Gifts

Please read the summaries below to find out more about the benefits of some of the main types of charitable gifts available for UH St. John Medical Center.

Bequests

A bequest is a gift to the hospital in your will. With a bequest:

  • You save estate taxes
  • It is a simple commitment during life

Insurance Policies

An insurance policy can be given to the hospital as a gift by making the hospital owner and beneficiary of the policy. With an insurance policy: 

  • You receive an income tax deduction for gift and premium payments
  • You save estate taxes

Gift Annuity

A gift annuity is a contract between you and the hospital to pay you an income for life. With an annuity:

  • You receive an immediate income tax deduction
  • You receive a fixed income based on your age
  • You can set up the annuity for two lives

Charitable Remainder Annuity Trust

A CRAT is an irrevocable trust that pays the donor a fixed income. With a CRAT:

  • You receive at least 5 percent of the value of the trust for life or a fixed number of years
  • You receive an immediate income tax deduction
  • You save capital gains tax
  • You can choose your own trustee

Charitable Remainder Unitrust

A CRUT is an irrevocable trust that pays the donor a fixed percentage of the value of the trust. With a CRUT:

  • You receive at least 5 percent of value of trust recalculated yearly for life
  • You may add additional assets to trust
  • You receive an immediate income tax deduction
  • You can choose your own trustee

Charitable Lead Trust

A CLT is an irrevocable trust that pays income to the hospital for a fixed number of years. With a CLT:

  • The asset reverts to you or your heirs at a reduced cost when the trust ends
  • You receive gift or estate tax savings for value of payments to hospital

For questions regarding planned gifts, call Chris Burdon at 440-827-5066 between 8 a.m. and 4:30 p.m.

The information on this website is not intended as legal advice. For legal advice, please consult an attorney.

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