A bequest is a gift from your estate. It could be a transfer of cash, securities or other property. You can make a bequest to St. Luke’s Health Foundation by including language in your will or living trust, leaving a portion of your estate to St. Luke’s, or by designating St. Luke’s as a beneficiary of your retirement account or life insurance policy.
You can help support programs and services for future generations by establishing a named endowment fund to support a specific area or by giving to help grow an existing fund. St. Luke’s Endowments are monies held by St. Luke’s and invested to provide annual income for designated purposes. The “spending rate” represents a percentage of interest generated by the principal investment. The spending rate is set to permit the endowment to fund its stated objective while also growing the initial investment.Like an endowment, a named fund can be set up to support a program or service that is of interest to the donor. Special purpose funds can also be named and funded similar to an endowment. However, these funds are used as needed and can be fully expended over time rather than being held indefinitely. The minimum amount to start a named or endowed fund is $25,000.
Members of our Legacy Society will have their names published in our Annual Report (unless they request anonymity) and will be invited to special events.