Beneficiary Designation

Three steps to making a beneficiary gift

Did you know that some assets are not controlled by the terms of your will but instead must be made through a beneficiary designation? The beneficiaries named on a retirement plan or life insurance policy determine who will receive these funds, even if they are designated differently in your will.

Did you also know that pre-tax accounts such as traditional IRAs may be subject to multiple taxes if left to your heirs or estate? For many people, the most tax advantaged way they can make a gift to your favorite St. Peter’s Health Partner’s legacy foundation through their estate is to name it as a beneficiary of their retirement plan, and to leave other less-taxed assets to their family.

It’s easy as 1, 2, 3!

• 1. Request a "change of beneficiary" form from your plan administrator.
• 2. List the appropriate SPHP affiliated foundation as beneficiary at the following address:
  • St. Peter’s Health Partners
  • Sunnyview Rehabilitation Hospital Foundation, Inc.
  • Center for Philanthrohpy
  • 1270 Belmont Ave., Schenectady, NY 12308
  • 310 S. Manning Blvd. Albany, NY, 12208
  • Provide the EIN # for the appropriate SPHP affiliated foundation
  • (Please use the Albany address for St. Peter’s Hospital Foundation, Inc., The Community Hospice Foundation, Inc., and Samaritan Hospital and the Eddy Foundation, Inc.).
• 3. Provide the EIN # for the appropriate SPHP affiliated foundation
• 4. Let us know so we can thank you and welcome you to a legacy society.