Bequests
Bequests, also known as estate gifts, are made by will. Bequests are one of BIDMC’s most enduring sources of individual support, and are also a powerful expression of your faith in BIDMC’s future.
Bequests allow BIDMC to build new facilities, launch important research projects, sustain innovative clinical programs, and expand departments by adding new staff and equipment—all of which are vital to the success of the Medical Center. Beth Israel Deaconess has made tremendous strides in health care because of the generosity of individuals who thoughtfully considered the BIDMC’s need for a strong financial future.
There are many ways to make a bequest to Beth Israel Deaconess Medical Center, whatever the size of your intended gift. You may leave a specific amount, or a percentage of your estate. You can also make a bequest of tangible personal property (artwork, etc.), real estate, and other specific assets. A bequest not only provides significant future support to BIDMC—it can also reduce your taxable estate and allow you to maintain control over your legacy.
Summary of benefits:
- A bequest is deductible for federal estate tax purposes.
- There is no limit on the amount of estate tax charitable deduction.
- Bequests are generally not subject to state and inheritance taxes.
- Those who notify us of their intention to include BIDMC in their will become members of the BIDMC Lunn Society.
The staff in the Office of Planned Giving is ready to consult with you and/or your advisor about bequests to BIDMC, and to help you with any questions you may have about other forms of charitable giving that may benefit you, your family, and BIDMC. To learn more, please contact Greta Morgan in the Office of Development at (617) 667-7395.
Note: The information on this Web site is not intended to serve as legal or financial advice. When planning a specific charitable gift, the services of a legal or financial advisor should be obtained.
