A Fitting Recognition

By establishing a memorial, you honor a loved one or yourself, and you show your interest in our good works through your charitable gift. You also receive personal financial benefits from your contribution—tax savings, reduced estate settlement costs.

How It Works
Generally, there are three methods of establishing an honorary gift:

Outright—The most tangible financial benefits of establishing an outright gift can include an income tax deduction and possibly capital gains tax avoidance.

By will—You can make a bequest in your will, stating that either a certain dollar amount, a percentage of your estate or the residue of your estate will pass to Sisters Hospital Foundation at your death in honor of (or in memory of) your loved one.

Through an endowment—Honorary endowments, which can be made now or through your will or estate plan, are structured so that the investment income, rather than the principal, is used to fund a particular purpose, such as funding a facility, program or annual event. To perpetuate the fund, the principal always remains invested, so your gift can continue forever.

Find Out More
Making an honorary gift to Sisters Hospital Foundation is a wonderful way to acknowledge someone’s vision for the future. We would be pleased to recognize your honoree.

Please call Julie Snyder at 716-862-1992, or e-mail us at jsnyder@chsbuffalo.org, for more information.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.