Life Income Gifts
- A trust is set up and the funding assets are transferred to it.
- You choose a trustee or serve in that role yourself.
- You as the donor choose the income beneficiaries of the trust. It can be yourself and/or loved ones, friends or others (most commonly you and a spouse). The trustee manages the trust assets and pays income each year to these beneficiaries.
- The amount of income paid to income beneficiaries may be fixed (the same amount each year, offering the security of fixed payments) or variable (based on a percentage of the trust value, offering the possibility that payments may grow over time).
When the trust term ends (usually upon the passing of the income beneficiaries), the amount remaining in the trust is distributed by the trustee to the Newton-Wellesley Hospital Charitable Foundation for use as you directed.
For more information about making a Life Income Gift to Newton-Wellesley Hospital, please contact Liz Gianakos at (617) 243-6751 or NWHCF@partners.org.
10/27: Community Forum on Ebola PreparednessMedical experts from Newton-Wellesley, the city of Newton, and Mass General will present about ebola, with a Q&A session. Mon, Oct. 27, NWH Shipley Auditorium - 7:00 to 8:30 pm
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10/28: Free Running Clinic
Join us on Tuesday, Oct. 28, from 6:00-8:00 pm in the Shipley Auditorium at Newton-Wellesley Hospital for a free presentation for beginner and intermediate runners. Registration required.
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