Advisors Guide for Planned Giving

Planned Giving Guide

Affiliated Foundations

St. Peter’s Health Partners has four philanthropic affiliated foundations under our umbrella. These entities accept and invest gifts in support of our mission.

Gifts from Wills and Trusts:

When making a charitable gift to us, it is vital the legal name of your favorite St. Peter’s Health Partner’s legacy foundation, city, state and other identifying details be used. To name your favorite St. Peter’s Health Partner’s legacy foundation in your will or trust please use the following suggested language:

If you are considering making an unrestricted bequest to your favorite St. Peter’s Health Partner’s legacy foundation, we recommend adding language similar to the following in your estate document:

I give, devise and bequeath to the [name of appropriate SPHP affiliated foundation], a nonprofit corporation located in [City], [State], [the sum of $ ____] or [ ____ % of my gross estate] or [ ____ % of the rest, residue and remainder of my estate] for its unrestricted use and purpose.

If you are considering making a restricted bequest to a specific area at your favorite St. Peter’s Health Partner’s legacy foundation, we recommend adding language similar to the following in your estate document:

I give, devise and bequeath to [name of appropriate SPHP affiliated foundation], a nonprofit corporation located in [City], [State], to be used for (state the purpose). If at any time the particular area of service at the organization served or fund becomes obsolete, the Foundation Board has the right to determine distribution of the gift, unless otherwise stated in your will. For instance, you can state, should there be a change in (stated purpose), my gift will then be used for (alternate stated purpose).

Beneficiary Gifts From Retirement Plans, Life Insurance, Brokerage Accounts or Any Other Plan With a Beneficiary Designation:

Please contact the account provider for a change of beneficiary form. Update the form with the information for the appropriate affiliated foundation. Once you have filled out the form, please send a copy to Peter D. Semenza, Vice President, Philanthropy at Peter.Semenza@sphp.com or by mail at SPHP Center for Philanthropy, 310 S. Manning Blvd., Albany, NY 12208.

Note To Attorneys, Accountants and Other Professional Advisors:

Thank you for helping your client with their charitable planning. As a professional advisor, you build your client relationships on trust and mutual respect. The same is true for our relationships with our friends and donors.

We understand that financial, philanthropic and estate goals are unique to the individual. For this reason we welcome the opportunity to assist as you incorporate your clients' philanthropic objectives into well crafted estate plans. Furthermore, we encourage prospective donors to consult with their professional advisors before making decisions based on information we provide.

If you have any questions or concerns, please call (518) 482-4433 or email Peter.Semenza@sphp.com.

Disclosure: This information is not intended as legal advice. For more specific advice, please consult your attorney or financial adviser.