Explore options that are easy to set up

Gift planning can benefit you and your loved ones while supporting quality health care for generations to come

Use your retirement account to make a legacy gift to the Foundation

When thinking about how you want your assets distributed after your lifetime, you may be considering a gift to a local BSMH Foundation along with taking care of your heirs.

Using your retirement account to fund your philanthropic goals and leaving other assets to your heirs is a powerful estate planning option. If your loved ones receive your retirement account after your lifetime, they would be responsible for paying income taxes on the asset. But if the Foundation is the beneficiary, as a tax-exempt charity it is not required to pay the income taxes and will benefit from the full amount of your retirement account. You can then leave other assets with lower tax obligations to your heirs.

Simply complete a beneficiary designation form listing the Foundation as the beneficiary and submit it to your financial advisor or retirement account custodian. Please notify our Foundation team so we can ensure your gift is used according to your wishes.

Our gift planning expert can provide you and your professional advisors with information that compares various charitable giving options, helping you confidently plan for the distribution of your assets in a way that most benefits your heirs and accomplishes your charitable goals.

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A Beneficiary Designation is a simple way to leave an asset to the Foundation

Watch this short 7-minute video to learn how you can easily name the Foundation to receive a specific asset upon your passing. It's as easy as completing a form to ensure the Foundation receives all or part of an asset like your retirement account, bank account or life insurance policy.

Lock in higher payouts for life!

Open a new Charitable Gift Annuity before rates drop

If you’ve been considering a Charitable Gift Annuity (CGA), you're in luck. The rates increased by 0.4% on January 1, 2024, meaning you will receive even greater payouts for life when you lock in at current rates. Using a CGA to provide dependable income makes sense in today’s challenging economy and ensures what remains of your CGA after your lifetime directly supports the medical services and programs you care about the most.

Single Life Suggested Maximum Gift Annuity Rates
Effective January 1, 2024 as recommended by American Council on Gift Annuities

  • Age 60: 5.2% rate
  • Age 65: 5.7% rate
  • Age 70: 6.3% rate
  • Age 75: 7.0% rate
  • Age 80: 8.1% rate
  • Age 85: 9.1% rate
  • Age 90+: 10.1% rate

Request a free customized CGA illustration to see the payments and tax benefits you could receive.

Unleash the potential of your life insurance

Donate your policy to the Foundation

Do you own a term or permanent life insurance policy that you no longer need? Rather than letting the policy lapse, consider using the policy to transform a patient’s life by doing one of the following:

1. Name your local BSMH Foundation as the beneficiary of your life insurance policy, or as contingent beneficiary in case your other beneficiaries do not survive you.

2. Transfer ownership of a paid-up permanent policy to the Foundation.

For more information and help with finding your best way to give to the programs and services you care about the most, contact our gift planning expert, Brad Blandin. You can reach him at [email protected] or by phone at (419) 251-1803.

Donor Spotlight

donor | Bon Secours Mercy Health Foundation

Patricia Calder’s Story

Patricia is paying it forward for the great care she's received by donating her life insurance policy to the Foundation.

Our gift planning expert is happy to help!

Brad Blandin
Vice President of Charitable Estate & Gift Planning

[email protected]
📞 (419) 251-1803