The Schwartz Center is committed to supporting healthcare professionals with additional resources on caring for their patients, themselves and their teams during challenging times. Please find mental health and wellness resources here.
When you partner with the Schwartz Center, you aren’t just making a charitable gift – you’re making a substantial difference. Your gift can make an impact that not only helps improve the lives of patients, their families and the healers who treat them, but can also help you and your heirs.
A gift from your will, also known as a bequest, is perhaps the most flexible way to have a lasting impact on the Schwartz Center. You can name the Schwartz Center for Compassionate Healthcare as a beneficiary in your will or living trust. You can designate the gift of a specific dollar amount, a particular asset, a percentage of your estate, or the remainder of your estate once all your other gifts have been fulfilled. With this gift type, you maintain complete control of your assets during your lifetime and may save on income taxes, capital gains taxes, and estate taxes.
“I give (the sum of $________ or ________ percentage of my estate) to the Schwartz Center for Compassionate Healthcare, a Massachusetts not-for-profit, 501(c)(3) tax exempt corporation having a principal place of business on 399 Revolution Drive, Somerville, Massachusetts, federal tax ID number 04-1564655.”
Gifts of financial assets, including IRAs, retirement accounts, and life insurance policies, are some of the easiest ways to give. By designating a percentage of these assets to the Schwartz Center for Compassionate Healthcare, you are creating a legacy of compassion for years to come. You can obtain a “beneficiary designation form” by visiting the website of your financial institution, which can add the Schwartz Center as a beneficiary of your financial accounts.
This takes only a few minutes to complete, yet your action will change people’s lives for generations to come. You control these assets—no attorney visits or legal fees are needed.
Remember: Please let us know if you name the Schwartz Center for Compassionate Healthcare as a beneficiary of your assets. Your custodian is not obligated to disclose your gift to us.
You can support the Schwartz Center and secure a source of income through vehicles like a charitable gift annuity (CGA) or a charitable remainer trust (CRT). Both are designed to meet your philanthropic and financial goals—often reducing taxes, increasing your spendable income, and, at the same time, making a gift that will have a substantial impact on our future.
A CGA is a contract between you, the donor, and the Schwartz Center in which you make a gift to the Schwartz Center and we provide you with a fixed amount of monthly income.
A CRT enables you to make a tax-deductible donation to the Schwartz Center while also receiving income by transferring assets, such as cash, securities, or property, into an irrevocable trust. The trust then pays you income for a set period of years (or your lifetime) and the remaining assets are then given to the Schwartz Center.
Individual retirement account qualified charitable distribution
Retirement assets, such as a 401(k) or an IRA are a tax beneficial way to make a gift to the Schwartz Center. If you are 70½ or older, you can roll over up to $100,000 per year from your IRA as a charitable gift. Ask your IRA administrator to transfer your gift directly to the Schwartz Center from your traditional or Roth IRA account. The gift will not be taxed as income, and it also counts toward your required minimum distribution.
If you have a donor-advised fund, there are two simple ways to make a gift to the Schwartz Center.
To give through your DAF, contact your DAF administrator on the phone or online and provide them with our federal tax ID number: 04-1564655. To ensure your gift reaches us, please specify that your gift is intended for the Schwartz Center for Compassionate Healthcare.
It is a special person who envisions touching the lives of future generations. Regardless of its size, your legacy gift will help us safeguard the human connection between care providers, their patients and patients’ families, ensuring compassion will flourish for generations to come.
Please contact us to discuss gift strategies that can benefit the Schwartz Center, you, and your heirs. If you have already named the Schwartz Center as a beneficiary in your plans, please notify us.