Bequests, also known as estate gifts, are made by will or trust. Bequests are one of BIDMC's most enduring sources of individual support and are also a powerful expression of your faith in our future.
Learn about the $1 million bequest from Gerald Stepner, Sc.D, and his wife, Clara Duplessis-Stepner to support diabetes research.
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. BIDMC has made tremendous strides in health care because of the generosity of individuals who thoughtfully considered the Medical Center's need for a strong financial future.
There are many ways to make a bequest to BIDMC, 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, or 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.
- Your assets remain in your control during your lifetime.
- Bequests are generally not subject to state and inheritance taxes.
- You receive membership in the Lunn Society, BIDMC's recognition society for individuals who have made a planned gift.
Read more information on bequests and official gift language.
The Office of Development 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 Noreen Mitchell at (617) 667-1387 or email@example.com.
Note: The information on this website 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.