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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.
A living trust is a written legal document through which your assets are placed into a trust for your benefit during your lifetime and then transferred to designated beneficiaries at your death by your chosen representative, called a "successor trustee." For details on creating a living trust, please contact your attorney or call us at (208) 505-2981 for a list of planned giving attorneys in the area.
An irrevocable bequest intention is a legally binding pledge that names St. Luke’s Health Foundation as a beneficiary of a specific dollar amount in one’s will or estate plan.
St. Luke’s Health Foundation may recognize and count irrevocable intentions where donors have included St. Luke’s in their estate plans, provided that such donors:
- Are age 70 or older at the time of the gift,
- Sign a written pledge agreement that makes their commitment legally binding and irrevocable, and
- Own sufficient assets to satisfy the amount committed, as best as St. Luke’s can ascertain.
Donors who wish to make an irrevocable bequest intention could be eligible for facility naming opportunities or other recognition.
Although St. Luke’s may provide an acknowledgement of the pledge, per IRS regulations a charitable gift receipt will not be provided until the pledge is satisfied.
Because establishing a planned gift is a highly personalized decision, the St. Luke’s Health Foundation has teamed with Thompson & Associates, a national estate planning firm with over 20 years of experience, to offer complimentary charitable estate planning services to our close friends of St. Luke’s. Estate planning experts at Thompson & Associates will work with you to find the planned giving option that best suits your personal needs while furthering your philanthropic goals. At the end of the process, you will have a plan for with your attorney to execute, saving valuable time and financial resources.
Making a Bequest
A bequest to St. Luke’s can be made for a specific amount, for a percentage of your estate or for all or a portion of what is left after you have made bequests to your family. To make a gift to St. Luke’s from your estate, you can add a codicil to your present will or make an amendment to your present trust instrument.
Alternatively, you can designate St. Luke’s as a beneficiary of a retirement plan or life insurance policy. To do so, contact the retirement plan administrator or life insurance company and complete the appropriate beneficiary designation form.
Sample Bequest Language
“I give to St. Luke’s Health Foundation, a non-profit Idaho charitable corporation, the sum of $____ or ___% of______ to be used for the purpose of supporting (any specific purpose here). However, if in any event the specific purpose should no longer be available or appropriate, I give to the St. Luke’s Health Foundation Board of Directors or its designee, the authority to use the sum for any other of its related charitable purposes.”
St. Luke’s Health Foundation is a tax exempt 501 (C) (3) charitable organization under the Internal Revenue Code (tax identification number: #81-0600973).
Information for Financial Advisors
Sample Bequest Language for a Will or Living Trust
- Unrestricted: "...to the St. Luke’s Health Foundation, to be used where the need is greatest, as determined by the Foundation's Board of Directors."
- Restricted: "...to the St. Luke’s Health Foundation, to be used to support [description of specific purpose, for example, a department, service or program] within St. Luke’s Health System. However, if at some future time the Board of Directors of the St. Luke’s Health Foundation determines that it has become impossible or impractical to effectively apply the gift made hereunder to the restricted purpose specified (e.g., because a specified department, service or program no longer exists or its operation has been substantially reduced or changed), then the gift made hereunder shall be used where the need is greatest at St. Luke’s Health System, as determined by the Foundation’s Board of Directors.”
Legal Name and Tax ID Information
- Treasure Valley, Elmore and Magic Valley: St. Luke's Health Foundation, Tax ID: 81-0600973
- McCall: St. Luke's McCall Foundation, Tax ID: 82-0384205
Contact Us
Please consider notifying us about your bequest intention so that we can understand whether your bequest to St. Luke’s is unrestricted or restricted to a specific area or purpose.
- Treasure Valley and Elmore: Christen Wilmer, (208) 381-2123 or send an email
- Magic Valley: Dawn Soto, (208) 814-0064 or send an email
- McCall: Jenny Ruemmele, (208) 630-2200 or send an email