Planned Giving Opportunities

There is no greater investment than caring for the health of future generations.

By planning to make a gift to OSF Saint James Foundation, you can leave a legacy while supporting improvements to the medial center and enjoying significant tax benefits. When you make a contribution to the Foundation you have a real impact on healthcare in our community and surrounding areas, touching the lives of hundreds of people from all walks of life. If you are considering a donation to the Foundation, we encourage you to consult your own financial and legal advisors. They will ensure your gift is tailored to your personal circumstances and you are able to maximize tax benefits. Some of the many opportunities for planned giving are discussed in detail below including:

  • Bequests
  • Charitable Gift Annuities
  • Charitable Remainder Trusts
  • Life Insurance
  • Retirement Assets
  • Appreciated Securities

Bequests

Many grateful families, friends and former patients have provided for OSF Saint James - John W. Albrecht Medical Center as part of their estate. Bequests enable the medical center to provide the best possible care for the individuals we serve.

Benefits of Bequests

  • The ability to designate a specific dollar amount or percentage of the net proceeds of the estate
  • The ability to name OSF Saint James Foundation as a secondary beneficiary, leaving the bulk of your assets to your family
  • Reducing or avoiding federal estate taxation

Suggested language for Bequests
"I give to OSF Healthcare Foundation, a not-for-profit corporation, for the benefit of patients at OSF Saint James - John W. Albrecht Medical Center, located at 2500 W Reynolds Street, Pontiac, Illinois, the sum of (none)% of my residuary estate (and/or if property is given, describe same) for its general use and purposes.*

*Please call our office at 815-842-6827 if you need further information or are interested in designating your bequest to a specific program.

Charitable Gift Annuities

A charitable gift annuity is a wonderful way to support OSF Saint James - John W. Albrecht Medical Center while simultaneously receiving a fixed income during the income beneficiary's lifetime.

Benefits of Charitable Gift Annuities

  • Receiving a lifetime payment
  • Avoiding capital gains taxation
  • Qualifies for charitable income tax deduction

Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives. Please call the Foundation office at 815-842-6827 to discuss if a Charitable Gift Annuity is right for you.

Charitable Remainder Trusts

By creating and funding a charitable remainder trust, you can make a significant future gift while you and/or a beneficiary (or beneficiaries) designated by you, receive annual income.

Benefits of Charitable Remainder Trusts

  • Provides income for you or a designated beneficiary
  • Avoiding capital gains taxation
  • Qualifies for charitable income tax deduction

Determining the right plan for you depends on a number of factors including your age, income needs, and financial objectives. Please call the OSF Saint James Foundation at 815-842-6827 to discuss if a Charitable Remainder Trust is right for you.

Life Insurance

When making a life insurance gift to OSF Saint James Foundation you may contribute an existing life insurance policy that your family no longer needs or you may establish a new policy and name OSF Saint James Foundation as owner and beneficiary.

When you give an existing policy, you may qualify for a charitable income tax deduction based upon the cash surrender value of the policy on the date of the contribution. For new policies, you may deduct the amount of your premium payment as long as it is provided directly to the OSF Saint James Foundation.

Benefits of Gifting Life Insurance

  • Advantageous tax deductions
  • Ability make a contribution without other assts
  • Can be used to replace the value of assets or other property contributed to the OSF Saint James Foundation

Determining the right plan for you depends on a number of factors including your age, income needs, and financial objectives. Please call the Foundation at 815-842-6827 to discuss if gifting life insurance is right for you.

Retirement Assets

Gift of retirement assets (i.e., IRAs, 401(k), 403(b) accounts) is a great way to fulfill you philanthropic objectives.

Benefits of Gifting Retirement Assets

  • Avoiding income tax; the income of the retirement asset will be taxed at the income rate of your beneficiaries
  • Reducing or avoiding federal estate taxation
  • Avoiding state inheritance tax (varies by state)
  • The ability to name OSF Saint James Medical Center Foundation as a secondary beneficiary, leaving the bulk of your assets to your family

Determining the right plan for you depends on a number of factors including your age, income needs, and financial objectives. Please call the OSF Saint James Foundation to discuss if gifting Retirement Assets is right for you.

Appreciated Securities

A gift of long-term appreciated securities is frequently the most economic way for supporters to make a charitable contribution.

Benefits Include

  • Increasing the size of your gift while lowering your net after-tax cost
  • Eliminating capital gains on the appreciation of your shares
  • Being eligible to receive a charitable income tax deduction for the full fair market of your shares
  • Making an immediate impact upon the lives of some of our most deserving patients

Appreciated Securities Can Be...

  • Given annually or as a one-time contribution
  • Used to establish a planned giving vehicle such as a charitable gift annuity or charitable remainder trust
  • Used to create a permanent fund at OSF Saint James Foundation to honor a friend or member of your family

Our staff is available to work with you and your advisors in confidence - without obligation - to help you determine the best options for accomplishing both your personal and philanthropic goals. For further information, please call the OSF Saint James Foundation at 815-842-6827.