Leaving a gift in your will or by beneficiary designation is a simple way to partner with Montefiore to shape a healthier future for generations to come.
Bequests
Making a gift through your will or estate is one of the easiest and most popular ways to make a lasting impact for Montefiore. Once you have provided for your loved ones, we hope you will consider making our mission to provide compassionate care part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
- Lasting Impact: Your gift will create your legacy of advancing care, research, and education.
- Flexible: You can alter your gift or change your mind at any time and for any reason.
- No Cost: It costs you nothing now to give in this way.
General gift
Residuary gift
Specific gift
A specific gift is a gift of a particular piece of property. For example, real estate, funds in a bank account, or shares of a corporation.
Contingent gift
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Montefiore contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
Turn your assets into meaningful impact by supporting the care, research, and education that improve lives—and it costs you nothing now. By naming Montefiore as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of saving lives for generations to come.
Potential benefits of gifts by beneficiary designation:
- Reduce or eliminate taxes
- Reduce or avoid probate fees
- No cost to you now to give
- Create your legacy with Montefiore
Types of Gifts
Retirement plan assets
You can simply name Montefiore as a beneficiary of your retirement plan to support life-saving advancements in care.
Life insurance policies
You can name Montefiore as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Montefiore will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Montefiore as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward supporting our leadership in research and education well into the future.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Montefiore as a “successor” of your account or a portion of your account value, you support groundbreaking care and educational excellence for generations to come.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: Montefiore Medical Center
Include our tax identification number: 13-1740114
Please let us know so we can ensure that your wishes are carried out.
You can learn more about these special opportunities in our free brochure, How to Create or Update Your Estate Plans, and other complimentary planning resources. These resources are just a click away!
Share Your Legacy
If you have already included a gift in your estate plans to benefit the future of Montefiore, be sure to let us know so that we may best honor your wishes.
Our Team Is Here to Help
Our experienced team is here to help you…
- Learn about special projects that align with your interests.
- Structure a donation that maximizes benefits for you and your loved ones.
- Stay up to date on how your gift is used.
- And more!