Make a Big Impact with a Future Gift
We will work with you to find a charitable plan that lets you provide for your family and support LSU Health. To discover how you can make an impact, please contact the Foundation at 504-568-3712.
A few ways to give include: IRA Charitable Rollover, Memorials and Tribute Gifts, Real Estate, Endowed Gifts, Donor Advised Funds, Charitable Lead Trusts, Charitable Remainder Trusts, Wills and Living Trusts, and Beneficiary Designations.
Already included us in your estate plan? Let us know!
Make a Gift Tax-Free With An IRA
Make a difference today and save on taxes. It’s possible when you support the LSU Health Foundation through your IRA.
A Special Opportunity for Those 70½ Years Old and Older
You can give any amount (up to a maximum of $105,000) per year from your IRA directly to a qualified charity such as the LSU Health Foundation without having to pay income taxes on the money. Gifts of any value $105,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at LSU Health. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Why Consider This Gift?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
For Those 59½ Years Old or Older
If you’re at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.
At Any Age
No matter your age, you can designate the LSU Health Foundation as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.
Tip: It’s critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.
Bequest Language
If you are considering leaving a gift in your will to support LSU Health, you may wish to share the following sample bequest language with your advisors.
“I bequeath to LSU Health Foundation ________ [the remainder of my estate/XX percent of my estate/$X/or other specific legacy], to be used ________ [for the benefit of LSU Health/for general support of the College of _______ /to establish a scholarship/for another intended purpose in my name/in accordance with my gift agreement with LSU Health Foundation].”
Legal Name: LSU Health Foundation
Address: 2000 Tulane Avenue, 4th Floor, New Orleans, LA 70112
Federal Tax ID Number: 72-1115391
