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Planned giving, also known as legacy giving, is a way for you to make a gift in your will, living trust, or other part of your estate plan that will benefit St. Luke’s for generations to come.
Philanthropy is one of the most important things in the St. Luke’s community, as it binds us together and provides comfort and reassurance to our patients, family members, and staff. While each giving experience is unique, this is particularly true for those affected by cancer. We are extremely grateful to one local couple, Becky and Art Hastings, who chose to make a $90,000 irrevocable bequest pledge to St. Luke's Cancer Institute in Nampa, where Becky has been treated as a patient. “The skilled doctors and staff offer exceptionally high quality and comprehensive cancer care. They are dedicated to the person beneath the cancer,” said Becky. “They not only care about my health but they care about me, the person. When facing the daunting demon of cancer, that kind of caring means everything! I would not be here today if it weren’t for the skilled doctors and staff at St. Luke's."
If you're considering a planned gift, our team is available to assist you in exploring options to find the best fit for your needs and interests. We invite you to call us at (208) 505-2981.
Types of Planned Gifts
Bequests
A bequest is a gift from your estate. It could be a transfer of cash, securities or other property. You can make a bequest to St. Luke’s Health Foundation by including language in your will or living trust, leaving a portion of your estate to St. Luke’s, or by designating St. Luke’s as a beneficiary of your retirement account or life insurance policy.
Gifts of Stock
Charitable Trusts
A charitable remainder trust offers you many rewards including generating income, tax benefits and the ability to make a significant gift to community health care at the end of your life.
Retirement Accounts
With a gift from your retirement plan you can: save taxes, maintain control and flexibility, create a permanent endowment, honor someone with a memorial gift, receive naming recognition for your gift and/or support your favorite program or service.
Administrators of retirement plans use a standard form to change your beneficiary. This is true for an IRA, 401(k) or 403(b) plan. Please contact your bank, broker or plan administrator to obtain the correct form. If you have an employer sponsored retirement plan, please contact your Human Resources Department for the proper form.
If you are 70 ½ years old or older, you can take advantage of a simple way to benefit St. Luke’s and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Endowed Gifts and Named Funds
You can help support programs and services for future generations by establishing a named endowment fund to support a specific area or by giving to help grow an existing fund. St. Luke’s Endowments are monies held by St. Luke’s and invested to provide annual income for designated purposes. The “spending rate” represents a percentage of interest generated by the principal investment. The spending rate is set to permit the endowment to fund its stated objective while also growing the initial investment.
Like an endowment, a named fund can be set up to support a program or service that is of interest to the donor. Special purpose funds can also be named and funded similar to an endowment. However, these funds are used as needed and can be fully expended over time rather than being held indefinitely. The minimum amount to start a named or endowed fund is $25,000.Do you think planned giving may be right for you?
Our team is available to guide you in considering giving options.
Planned Giving Resources
Deciphering the Details
As always, our planned giving team is available to answer your questions at (208) 505-2981.
Legacy Society
Recognition for Our Generous Donors
Members of our Legacy Society will have their names published in our Annual Report (unless they request anonymity) and will be invited to special events.