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Make an Investment in Our Community’s Future with a Legacy Gift

Through the generous donations of our supporters, Southcoast Health is able to provide exceptional health care to the communities of southeastern Massachusetts and Rhode Island. No matter your connection to the hospital, we appreciate your financial and philanthropic contributions.

By choosing to make a planned gift to Southcoast Health, you are leaving behind a legacy that will significantly benefit generations to come while providing financial and tax benefits for you and your family today.

There are numerous types of gifts that first pay income to you, your family and then ultimately benefit Southcoast Health. We would be delighted to work with you and your advisors in arranging planned gifts that best suit your family, financial and philanthropic objectives.

Options can include the following:


Both large and small bequests have played a significant role in making Southcoast Health what it is today — a nationally recognized health care system that brings the best possible programs and services to the region. For many Southcoast Health donors, a charitable bequest is the easiest and best way to make a gift. You can name Southcoast Health as the beneficiary of a portion of your estate, or of particular assets in your estate.
Benefits include:

  • Fulfill your philanthropic goals
  • Eliminate potential federal estate or property passing to charity at death
  • Reduce costs and time in estate settlement

Sample Bequest Wording:

Specific Bequest – Instructs the Southcoast Health receive a specific piece of your property.                                      Sample: “I give to Southcoast Health all of my shares in XYZ Mutual Fund to be used for the general purposes of said charity.”

General Bequest – Instructs that Southcoast Health receive a specified dollar amount.                                              Sample: “I give to Southcoast Health the sum of $100,000 to be used for the general purposes of said charity.”

Residual Bequest – Designates all or a portion of whatever remains after all debts, taxes, expenses and other bequests have been paid.                                                                                                                                                           Sample: “I give to Southcoast Health fifty percent (50%) of the rest, residue and remainder of my estate to be used for the general purposes of said charity.”

Gifts that Pay You Income

Charitable Gift Annuity: The Charitable Gift Annuity is among the oldest, simplest and most popular of the charitable life-income plans. In exchange for a transfer of cash, marketable securities, or, in some circumstances, real estate, we contractually guarantee to make specified annuity payments to you and/or another beneficiary for life. The payout rate depends on the age(s) at the time of the gift.
Benefits include:

  • Fixed payment for life lines (2 maximum)
  • Allowable federal income tax deduction
  • Part of payment is tax-free

Charitable Remainder Trust (CRT): The growing popularity of charitable trusts can be credited to the financial- and estate-planning flexibility they afford. With a CRT, assets are placed into the trust, which provides income to the predetermined beneficiary or beneficiaries. At the end of the term of trust, “the remainder” distributes to Southcoast Health. The donor selects the rate of return and trustee of the trust.
Benefits include:

  • Beneficiaries enjoy income from trust (without managing the property)
  • May realize significant federal charitable deduction in year of gift
  • Reduction of estate settlement costs
  • Avoidance of capital gain in some instances

Gifts of Retirement Plan Assets

Retirement plans now account for 36% of household wealth, so assets in those plans are often used for charitable gifts. A simple way to make a gift from your IRA, 401(k), 403(b) or other defined contribution plan is to name our institution as a beneficiary of all or a percentage of whatever might remain in the fund at the end of your life. You need only complete a change-of-beneficiary form, which you can obtain from your plan administrator. Such a gift could be a cost-effective way to make a charitable gift. Here’s why: These assets (unless from a Roth IRA) are subject to income tax when paid to a non-charitable beneficiary, and they may also be subject to estate tax, depending on the size of your estate. However, they are subject to neither tax when they distribute to Southcoast Health.

Benefits include:

  • Fulfill your philanthropic goals
  • Eliminate potential federal estate or property passing to charity at death
  • Reduce costs and time in estate settlement

Planning Giving Societies

Southcoast Health has four planned giving societies to honor those who have made provisions for Southcoast in their estate plans:

  • Alice Tobey Jones Society — Named in honor of Alice Tobey Jones, whose generous bequest in 1922 founded Tobey Hospital
  • The Bullard Legacy Society — Named to honor the Bullard and Crapo families for their lasting legacy of physicians, hospital presidents and philanthropists
  • Elizabeth and Frank Stevens Society — Named in honor of the Stevens, who were among the first people to provide financial resources to improve health care services in the Fall River area
  • Southcoast Planned Giving Society — Supports all three legacy hospitals — Charlton Memorial, St. Luke’s and Tobey

Select the best giving method for you and contact Ethan Kehoe, Advancement Officer – Corporate & Foundation Relations at 508-973-5917 or email at

Looking for More Information?

Fill out our form to request more information on Planned Giving or to receive “Legacy Builder,” Southcoast’s planned giving newsletter.