Use Life Insurance to Make a Gift to New England Baptist Hospital (NEBH)

A life insurance policy can be a versatile and effective asset for making a significant charitable gift to New England Baptist Hospital (NEBH). There are two basic ways insurance can be used to help support New England Baptist Hospital (NEBH), and each offers different benefits to you.

Option 1: Make New England Baptist Hospital (NEBH) the beneficiary of the policy

This option allows you to:

  • Create a meaningful legacy at New England Baptist Hospital (NEBH)
  • Reduce the size of your taxable estate
  • Retain the flexibility to change your mind

Option 2: Make New England Baptist Hospital (NEBH) the owner and beneficiary of an existing policy

This option allows you to:

  • Make an irrevocable gift to New England Baptist Hospital (NEBH) today with little or no impact on your current cash flow
  • Receive a charitable tax deduction for a portion of your gift

In addition, if premiums remain to be paid on the policy, a charitable deduction is allowed for each gift you make to New England Baptist Hospital (NEBH) to cover the premiums.

Planning Tips

  • To make New England Baptist Hospital (NEBH) a beneficiary of, or owner and beneficiary of, your life insurance policy, simply contact your insurer and complete the required form. You may need to provide the following information:
    • Legal name: New England Baptist Hospital
    • Tax ID number: 04-2103612
    • Address: 125 Parker Hill Avenue, Boston, MA 02120
  • It's also possible to use a charitable donation to buy a new policy to benefit New England Baptist Hospital (NEBH). Contact us early in your planning if you'd like to pursue this option so we can work with you on this process.
  • If you are considering designating your gift for a specific purpose, such as a scholarship fund or support for a specific department, contact us to ensure that we understand your wishes.
  • Before finalizing a gift of life insurance, review your other assets (such as appreciated stock or IRA accounts) to make sure this is the savviest way for you to reach your goals.