Estate Gifts
Estate Gifts not only provide future significant future support to Joslin, but can also reduce your taxable estate and allow you to maintain control over your legacy. They include bequests, retirement plan assets, and life insurance policies:
Bequests: Every year, bequests provide substantial support for Joslin Diabetes Center’s research, patient care, and education objectives. They are an easy and important way for donors to join the fight against diabetes. You may designate an exact amount, a percentage of your total estate or the rest, remainder and residue of your estate after all payments and bequests have been made. If you plan to include Joslin Diabetes Center in your will, please contact the Gift Planning Office to obtain a copy of our preferred language.
Retirement Plan Assets: One of the most tax-efficient ways to include Joslin in your estate plans is to name the Center as a beneficiary of your IRA or other qualified retirement plan. When left to heirs, these plans or often highly taxed—65% or more, depending on how the plan is structured. By gifting these assets to Joslin, you avoid substantial estate and income taxes that would come due on the unused portion.
Life Insurance: You can use life insurance to make a gift to Joslin by naming the Center as the owner and beneficiary of a life insurance policy. You receive a charitable deduction based on the lesser of the policy’s fair market value or the net premium’s paid. A gift of a fully paid up policy may result in a charitable income tax deduction for the policy’s cash surrender value.
To learn about other ways to give, please click here.
