Making a legacy or planned gift to O’Connor Hospital Foundation allows you to contribute to the hospital in the future without affecting your current financial situation. Most people leave an estate of some kind when they die, even though they may not have a great deal of personal wealth.
Future gifts to the Foundation will help ensure compassionate quality health care is available for present and future generations of patients at O’Connor Hospital, thereby continuing our 120 year tradition of meeting the health care needs of the people of Santa Clara Valley. You may direct your gift to a specific program of your choice or to fund the area of greatest need. Some examples of how to accomplish legacy gifts are:
Wills & Living Trusts
In addition to fulfilling an important role in providing for your family and others, your will or living trust can be a wonderful way to make charitable gifts a part of your long-range estate and financial plans. A bequest to O’Connor Hospital Foundation in your will or living trust allows you to retain your assets during your lifetime and/or the life of your spouse. You can allocate a specific asset, total dollar amount, or percentage of your residual estate and also include instruction for specific use of your gift. Bequest or designation language (PDF).
Charitable Remainder Trust
A Charitable Remainder Trust can provide immediate tax savings and often increases your income for life while creating a future gift to O’Connor Hospital Foundation. By placing assets, such as securities, appreciated property or cash into the trust, you can receive an income for yourself and/or another person, and still make a generous gift to us. At the end of a specified period (such as the donor’s life-time or a term of 20 years), the remainder of the trust assets would be given to O’Connor Hospital Foundation.
Charitable Gift Annuity
A charitable gift annuity is one of the simplest ways to make a gift to O’Connor Hospital Foundation. This gift option is a combination of an investment and a gift and provides life income to the donor and another recipient if desired. O’Connor Hospital Foundation accepts a gift that is placed in trust and in return obligates itself to pay a fixed and specified dollar amount to the donor(s) for life. At that time the remainder of the trust assets would be given to O’Connor Hospital Foundation.
Life Estate
A gift of your personal residence or other real estate to O’Connor Hospital Foundation allows you to retain full use and enjoyment of the property during your lifetime.
Other Options
There are many other charitable gift options you can consider. Consult with your financial advisors on the best way to prepare an estate plan or gift strategy that fits your unique needs.
O’Connor Hospital Heritage Society
We would very much like the opportunity to thank you for your generosity. By letting us know that you named O'Connor Hospital Foundation in your will, trust, retirement plan or insurance policy, you become a member of the O’Connor Hospital Heritage Society. If you prefer to remain anonymous, your gift will be kept completely confidential. Heritage Society Enrollment Form (PDF).
The O’Connor Hospital Heritage Society honors those donors who have made provisions for O'Connor Hospital Foundation in their estate plans or have established a planned gift. Heritage Society donors will be listed on a recognition plaque and in the Foundation’s annual honor roll of donors. Their thoughtful gifts are the Hospital’s bridge to the future.
For more information on planned gifts please contact Toni Harper, O’Connor Hospital Foundation Chief Executive Officer, at (408) 947-2896 or Nancy Crowley, Director of Development, at (408) 947-2996.