Your legacy can transform lives
You can help secure the future of the hospital without impacting your current assets, while ensuring excellence in compassionate care and research innovation for years to come.
Just complete a beneficiary designation form from your asset administrator and specify the individuals and charities you want to support and the percentage of the assets you want each beneficiary to receive.
Beneficiary designations are available when giving the following assets:
A gift of retirement assets is among the most tax-friendly ways to make an estate gift. When you leave these assets to your heirs, the funds are subject to income tax in addition to any applicable estate tax. In contrast, when you leave retirement assets to Brigham and Women's Hospital, 100% of the funds are available for its charitable purposes. Learn how to use your retirement assets to create your legacy at the Brigham.
Life insurance policies can also be used to support the hospital. Request a change of beneficiary form from your insurance company and designate the Brigham as a full or partial beneficiary of your life insurance policy. As an alternative, you can also transfer ownership of the policy to the hospital. Transferring ownership results in income tax savings in the year you make your gift.
Commercial Annuity Contracts -A commercial annuity will sometimes have a remaining value at the end of the annuitant’s lifetime. You can name the Brigham to receive all or part of this amount by designating the hospital as a beneficiary (sole or partial) on the appropriate form from the insurance company.
Bank Accounts - You can instruct your bank to direct all or a portion of what remains in a checking or savings account to the Brigham. Your bank can provide you with the appropriate beneficiary designation form.
Investment Accounts - You can direct your investment company to transfer some or all investments held in the account at the time of your passing to the Brigham. Your broker or agent can let you know the process for doing this. It may be as simple as adding “T.O.D. (Transfer on Death) to Brigham and Women's Hospital” after your name on the account.
If you’ve already named the Brigham as a beneficiary, please let us know so we can welcome you into The Legacy Society. Contact Kathleen Duffy, Assistant Vice President, Gift Planning, at 617-424-4326.