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.

Even if your will is already in place, you can add a simple addendum (known as a codicil) to include the Schwartz Center in your plans. For example, to leave a gift in your will, simply share this sentence with your attorney or financial planner:

“I bequeath (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.

The most common assets our donors donate include:

• 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 over 70 ½ years old and have an IRA, you can make a Qualified Charitable Distribution (QCD) of up to $100,000 directly from your IRA to the Schwartz Center. A QCD can help you reach your Required Minimum Distribution (RMD) without having to pay income taxes on the amount of your donation. Your gift must go directly from your traditional IRA or Roth IRA to the Schwartz Center.
  • To make a QCD from your IRA , contact your IRA administrator for the necessary forms and procedures. Gifts must be made by December 31 to take advantage this tax year. Information you will need includes:
    • The Tax ID for the Schwartz Center for Compassionate Healthcare: 04-1564655
    • Our address: The Schwartz Center for Compassionate Healthcare, PO Box 417597, Boston, MA 02241-7597
• Designations of Donor-Advised Funds, bank, and brokerage accounts: Simply contact the financial institution and request a beneficiary designation form. Learn more about DAFs.
• Life Insurance Policies: Name the Schwartz Center for Compassionate Healthcare as the beneficiary of your life insurance policy using the tax ID: 04-1564655.

Important: Please inform us if you name the Schwartz Center as a beneficiary of your assets using the form below. 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.