You believe in the mission, in the caregivers and in the good work at Lawrence General Hospital, and you want to ensure that LGH will be a force for good in the lives of generations to come. You want your gift to make a difference for Lawrence General, but you may be concerned about your own future financial needs and those of your family.
We deeply appreciate your assistance, and we try to make philanthropy as rewarding for you as it is for us. That's why we want you to know about some of the financial tools you can use to plan your gift to Lawrence General so that the gift also returns some benefits and tax advantages to you and/or your family:
Wills and Trusts You can make a gift that costs you nothing during your lifetime - make us a beneficiary of your will or revocable trust, or a beneficiary of your retirement plan, and leave your cash flow and current financial planning uninterrupted.
Please include this language in your will to make an estate gift to Lawrence General Hospital: "I give, devise, and bequeath (describe dollar amount, property to be given or percentage of your residuary estate), to Lawrence General Hospital, a not for profit, 501 (c) (3) organization, located at 1 General Street, Lawrence, MA 01842, to be used by said organization to meet the immediate or future needs of the hospital, as determined by the LGH Board of Trustees."
Please be sure to let us know if you have included us in your estate plans so we can thank you now and help us plan for future improvements and expansions at Lawrence General Hospital thanks to your thoughtful generosity.
Appreciated SecuritiesYou don't have to use cash to make your gift -- you can give us appreciated securities instead, and use an asset that costs you less than the tax deduction you'll get for it. Instructions for making such transfers are located here. Or, you can call Jessica Courtney at 617-217-6136, and be sure to let us know at LGH that a gift is in process so we can match your name to the securities transferred as a gift.
Assets & Collections You may be holding assets that would benefit the Hospital more than they do you -- such as a life insurance policy that you no longer need, a parcel of real estate like a second home or undeveloped land or condo, or a collection of books or artwork that you no longer have room to display.
Annuities & Real Estate You can make the Hospital a partner in your giving - for example, you can deed us your home but continue to live there, you can sell us property at a charitable discount, or you can make a gift that pays you lifetime income.
These tools are called planned gifts, and we are glad to discuss options with you so you can understand how planned gifts work and how they can stretch your giving ability, and help Lawrence General in significant ways. For advice or assistance in specific cases or whether to make certain a contemplated gift fits well into your overall personal circumstances, the services of an attorney or other professional advisor should always be obtained. But we are glad to discuss gift planning options anytime.
If you are ready to hear more, or have taxation consequences you'd like to address, call William Parkinson, Director of Development, at 978-946-8099.