Gifts That Cost You Nothing Now
Gifts in a will or by beneficiary designation are two easy ways to help make transformative care possible for years to come — and they don’t cost anything now.
If you have already included a gift in your estate plans to benefit the future of HonorHealth, be sure to let us know so that we may best honor your wishes.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for HonorHealth. Once you have provided for your loved ones, we hope you will consider making improving healthcare part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
LASTING IMPACT
Your gift will create your legacy of innovation that enriches future generations with greater health and well-being.
FLEXIBLE
You can alter your gift or change your mind at any time and for any reason.
NO COST
Costs you nothing now to give in this way.
Four simple, “no-cost-now” ways to give in your will
General gift
A general bequest is a gift of a specific amount.
Residuary gift
Specific gift
Contingent gift
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to HonorHealth Foundation or your local council contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in transforming health care in our community — and it costs you nothing now.
By naming HonorHealth Foundation as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of lifesaving care.
Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with HonorHealth Foundation
Types of Gifts
Retirement plan assets
You can simply name HonorHealth Foundation as a beneficiary of your retirement plan to make a lasting impact.
Life insurance policies
You can name HonorHealth Foundation as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, HonorHealth Foundation will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name HonorHealth Foundation (Tax ID: 74-2355411) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward excellent health for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name HonorHealth Foundation as a “successor” of your account or a portion of your account value, you enable groundbreaking scientific research and care.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: HonorHealth Foundation
Include our tax identification number: 74-2355411
Please let us know so we can ensure that your wishes are carried out.