Bequest Intentions via Will or Revocable (e.g., Living) Trust

You may make a bequest or gift through your estate by including a provision in your will or living trust, or by naming Hartford Hospital as a beneficiary of a retirement plan or life insurance policy. The amount left to the Hospital (or any charity) can be expressed as a dollar amount or as a percentage of the assets to be given.

 

 


IRA Charitable Rollover

Also known as a Qualified Charitable Distribution (QCD), if you were born before July 1, 1949, you should be eligible to make a direct transfer from your IRA account to Hartford Hospital that is not realized as a taxable withdrawal from your account.

 

 


Donor-Advised Fund

You can make a tax-deductible gift to a Donor Advised Fund which will make annual grants to Hartford Hospital at your direction; you can later advise the Hospital on how you would like the gift used.

 

 


Naming Us in Your Assets

While you may transfer many of your assets through your will or living trust, a document called a beneficiary designation controls distribution of your retirement plans, life insurance policies, commercial annuities and a variety of financial accounts.

 

 


Charitable Lead Trust

Make a substantial gift to Hartford Hospital in the form of fixed annual payments and pass assets to your family or other heirs at reduced tax cost.

 

 


Retained Life Estates

Donate your home, farm or a second home to the Hospital and receive an immediate income tax charitable deduction, while retaining the right to live in your home for the rest of your life. If you itemize your deductions instead of taking the standard deduction you could save significant income taxes.

 

 


Bargain Sale

Receive immediate cash and make a gift to Hartford Hospital by selling to us a valuable asset, such as real estate, for less than it is worth.

 

 


Gifts that Pay You Income for your Lifetime:

Charitable Gift Annuities

In exchange for an outright gift, Hartford Hospital agrees by contract to pay a fixed amount each year to you and/or another beneficiary for life.

 

 


Charitable Remainder Trusts

You establish a trust from which you and/or other beneficiaries receive annual payments of a fixed dollar amount for life and/or a term of years, after which the remainder of the trust assets pass to Hartford Hospital for the purposes you designate.

 

 


Pooled Income Funds

Your gift goes into an investment pool that functions like a mutual fund. Investment returns are paid to you and/or other beneficiaries for life, after which your gift is withdrawn and used to support your designated purpose at Hartford Hospital.