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Planned Giving

Planned giving allows you to combine your desire to give to the UHS Foundation, UHS Chenango Memorial Hospital Foundation or Enhance UHS Delaware Valley Hospital Fund with your overall financial, tax and estate-planning goals. Put simply, a planned gift is a gift created during your lifetime for payment at a future date.

Wills and Bequests
Naming the UHS Foundation, the UHS Chenango Memorial Hospital Foundation or the Enhance UHS Delaware Valley Hospital Fund in your will is the simplest and most common type of planned gift. A gift of this kind by will or trust benefits the organization in the long term, while enabling you to retain full control of your assets during your lifetime. 

Charitable Trusts and Annuities
(A charitable gift annuity lets you make a gift to UHS and receive, in turn,) guaranteed payments for life. Charitable gift annuities may be funded with cash, securities or property. Similarly, a charitable remainder trust provides you with a lifetime income and a charitable income tax deduction. 

Life Insurance
You may reach a point where life insurance no longer has the financial significance for your family that it once did. In that case, please consider making a gift of the policy to the UHS Foundation, the UHS Chenango Memorial Hospital Foundation or the Enhance UHS Delaware Valley Hospital Fund. You can assign us as sole beneficiary of an existing or specially created life insurance policy. There can be significant tax advantages to this method of giving because the full cash value of the policy may be deductible, whereas if it were cashed in, the owner could be liable for capital gains.

Retirement Plans
Careful planning can minimize the taxes due on retirement plan assets during life and at death. Retirement plan assets include those held in individual retirement accounts (IRAs) and those held in accounts under 401(k) plans, profit-sharing plans, Keogh plans and 403(b) annuity plans. Although these plans are good sources of retirement income, they may not be the best assets to pass along to family due to income and estate taxes. By naming the UHS Foundation, the UHS Chenango Memorial Hospital Foundation or the Enhance UHS Delaware Valley Hospital Fund as beneficiary of your retirement account, the entire amount remaining in the account is available for our use with no tax consequences to your estate.


How You Benefit
If your long-term goals include increasing your current income, reducing your taxable income, minimizing potential estate taxes and maintaining high-quality health care locally, a planned gift to UHS may be the right choice for you.

How the Foundation Benefits
Major and planned gifts play an ever-increasing role in funding “the gap” at UHS—the difference between the cost of providing care and the reimbursement (if any) for that care. Each year, the UHS Foundation, the UHS Chenango Memorial Hospital Foundation and the Enhance UHS Delaware Valley Hospital Fund provide critical funding to our hospitals to improve patient-care facilities, replacement capital equipment, perform renovations, establish community outreach programs and more.