ESTATE PLANNING

Support Calvary’s mission – in alignment with your financial goals

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Creating Your Legacy

Include Calvary in your estate plans and have a significant impact on the lives of those facing life-limiting illness for generations to come.

A planned gift through The Calvary Fund of Calvary Hospital is one of the most important gifts you can make today that will have an enduring impact upon Calvary. Your forethought and generosity assure Calvary’s continued comfort, care, and compassion for thousands of patients and families, and safeguard our 125-year tradition of care for future generations.

For personalized guidance tailored to your specific financial situation, we advise all individuals interested in supporting Calvary through a planned gift to seek counsel from a qualified financial advisor or tax attorney before finalizing any decisions.

For over a century, Calvary has cared for patients and their loved ones’ physical, emotional, and spiritual well-being.

WHY SUPPORT CALVARY?

Calvary is a global leader in palliative care, with CalvaryCare® representing our commitment to providing compassionate support to patients and their loved ones. Your lasting contribution to Calvary enables you to be part of our mission and extend this ethos into the future through your legacy.

Consider a strategic approach to supporting Calvary Hospital and its mission without impacting your cash reserves: directly donate appreciated assets such as stocks or privately held business interests.

This method can be advantageous as it eliminates capital gains taxes incurred by selling the assets separately before donating the cash. By utilizing this strategy, you ensure that Calvary Hospital receives the asset’s full value, maximizing your contribution’s impact.

PLANNED GIVING OPTIONS

Bequests

A bequest is a straightforward and generous gift made through your will or living trust, ensuring seamless support for Calvary’s mission after your lifetime. This contribution carries no immediate cost to you and allows for customization to fit your circumstances. Importantly, it’s a revocable gift, providing flexibility for adjustments if necessary.

Options for your bequest range from cash and securities to real estate or personal property. Before finalizing your bequest, it’s advisable to seek legal consultation. Your bequest can be as simple as one sentence: “I bequeath to Calvary Fund, Inc., 1740 Eastchester Road, Bronx, NY 10461, federal tax identification number: 13-3259649, XX% of my residuary estate (or $, or other property).”

Contact The Calvary Fund

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Retirement Assets

Consider naming Calvary Fund Inc. as a beneficiary of some or all of your retirement assets.

During Your Lifetime:
To donate retirement plan assets, you usually withdraw from the account, include it in your yearly income, pay applicable taxes, and then donate cash to the charity.

However, individuals aged 70 ½ or older can directly donate up to $100,000 from their IRA to a charity without facing income taxes. This option, known as a qualified charitable distribution, is exclusive to IRAs and has additional factors to consider.

As Part of an Estate Plan:
Donating retirement assets as part of an estate plan can offer tax advantages, helping to minimize income taxes for your heirs and estate.

Contact The Calvary Fund

Life Insurance

Name Calvary Fund Inc. as beneficiary of an existing or new life insurance policy.

Can I donate my life insurance policy to Calvary?
Absolutely, and donating a life insurance policy to Calvary can be a meaningful way to support our mission, both during your lifetime and after. You have options such as fully donating the policy, naming Calvary as the beneficiary while maintaining ownership or utilizing policy dividends as ongoing gifts.

Benefits of Life Insurance Charitable Giving:
By donating your life insurance policy or naming Calvary as your beneficiary, you can leave a meaningful legacy while leveraging an existing asset. If your original intentions for the policy have changed over time, this approach ensures it still supports Calvary’s vital mission. Plus, depending on your circumstances, it may enable you to make a more substantial one-time donation than with cash from your estate.

Contact The Calvary Fund

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Donor-Advised Funds

Invest in CalvaryCare®‘s future with a donor-advised fund.

Supporting Calvary’s mission through your DAF simplifies charitable giving while providing an immediate tax benefit.

What is a donor-advised fund (DAF)?
A DAF allows you to recommend grants to charities while receiving an immediate tax benefit.

How do I give through a DAF?
Recommend a DAF through your financial institution or foundation.
Contact your fund manager to support Calvary Hospital by specifying the grant amount.

Contact The Calvary Fund

Charitable Gift Annuity

Make an impactful gift to Calvary and receive payments during your lifetime.

A charitable gift annuity might be suitable for you if:

  • You aim to maintain or increase your cash flow.
  • You seek the security of fixed, reliable payments throughout your life.
  • You wish to minimize income or capital gains taxes.
  • You desire partially tax-free income.
  • You intend to make a generous donation to Calvary.
  • You are contemplating a gift of $20,000 or more.
  • You are at least 60 years old.

Contact The Calvary Fund

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WE ARE HERE TO ASSIST

Speak With Us

Amy Cassidy
Director of Development

Amy Cassidy

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Please note that Calvary Fund Inc. is the fundraising entity that raises funds exclusively for Calvary hospital and Calvary hospice. We ask that all donations to Calvary Hospital or Hospice be designated to Calvary Fund Inc, for the benefit and use of Calvary in support of our mission, our patients and their families. The Tax ID # for Calvary Fund Inc. is 13-3259649. As you consider any charitable gift plan, please consult with your tax or financial advisor to determine the tax/financial implications for you and your family, Calvary Fund Inc. does not provide legal or tax advice.