Your Legacy’s Secret Weapon: Retirement Plan Assets


CATEGORY: Philanthropy

​“What is a legacy? It’s planting seeds in a garden you never get to see.” That line from the acclaimed musical Hamilton is poignant—but it isn’t entirely accurate. As you consider your own legacy, you can see the garden. You see the great things the people and causes you care
about are doing now—and the great things they could do in the future. Our goal is your goal: Make the biggest difference possible and help the most patients possible. That means getting the most value out of your assets, including your hard-earned retirement savings and investments.

As much as 37 percent of your retirement plan assets can be consumed by income taxes after your lifetime— distributions from inherited retirement plan accounts are taxable as ordinary income to the person who receives them. But when you give all or a percentage of your retirement plan assets to Hospice of the Western Reserve,we receive 100 percent of the funds. The IRS takes nothing.

Let Us Help You Get Your Legacy Garden Growing. Here's How:

1. Contact the administrator of your retirement plan and request a change-of-beneficiary form or simply download a form from your provider’s website. (You may modify beneficiary designations at any time to meet your changing needs.)

2. Decide what percentage of the account you wish to give to Hospice of the Western Reserve and name us, along with the stated percentage, on the beneficiary form. Return the form to your plan administrator.

3. Tell us about your gift! It would be our honor to thank you for your support. Plus, your generosity can inspire others to follow your example.

No Green Thumb? We’ll help you plant the seeds for a legacy that will make a lasting impact on patients and their families. Contact Laura J. Frye at 216.255.9066 or to get started.

We Can Help

Speak with the referral team by contacting us seven days a week, 24 hours a day. Any first visit and admission can be made the first day.

Northern Ohio's Hospice of Choice

More than 1,000 Hospice of the Western Reserve employees and 3,000 volunteers live and work side-by-side in the same neighborhoods with our patients and families. We are privileged to have cared for more than 100,000 Northern Ohioans since our inception.