Legacy Gifts

You can name Mass General as a beneficiary of the following accounts by completing a beneficiary designation form with the financial institution holding your account.

Retirement Plan Assets

Naming the hospital as the sole, partial or contingent beneficiary of a retirement plan, such as a 401(k), 403(b), IRA, Keogh or pension plan, is an easy and tax-wise way to make a gift. Your estate receives an estate tax charitable deduction for the value of the gift, and Mass General is not taxed on the income from the plan.

Donor-advised fund

You can name Mass General as a beneficiary of your donor-advised fund. Contact the institution managing your fund and complete a form recommending that Mass General be considered as the successor beneficiary of your fund.

Bank Accounts

You can name Mass General as a beneficiary of your savings, checking or money market account by completing a form with your bank stating that the funds are to be distributed to Mass General at your death.

Life Insurance Policy

You can use life insurance to make a gift to the hospital by naming Mass General as the beneficiary of your policy. The hospital receives the proceeds at your death, and your estate receives a charitable income tax deduction. Or you can name the hospital as owner and beneficiary of a paid-up policy.

Contact the Planned Giving Team About Supporting Mass General

To learn more about how to name the hospital as a beneficiary of your retirement plan, contact us