Planned Giving

Giving Through Your IRA | Qualified Charitable Distribution (QCD)

If you are 70½ or older, making a Qualified Charitable Distribution (QCD) from your IRA is a smart and meaningful way to give. When your gift is made directly from your IRA to Ellis Medicine, the amount is not counted as taxable income—which can reduce your overall tax burden. If you are 73 or older, your QCD can also satisfy part or all of your Required Minimum Distribution (RMD) for the year.

Most importantly, your gift has an immediate impact on the care and support Ellis provides to patients and families every day.
Click here to download instructions and a sample letter to request your QCD.

Name Ellis as a Beneficiary

Designating Ellis Medicine as a beneficiary is a simple, flexible way to leave a lasting legacy—often without changing your will. With just a few forms, you can make a meaningful gift that supports healthcare in our community for years to come.

Trusts: Provide for your loved ones first and direct a portion or the remainder of your trust to Ellis. It's an easy way to support both family and community.

Retirement Accounts (IRA, 401(k)): These are among the most tax-efficient gifts. Ellis receives 100% tax-free, and your estate may benefit from reduced taxes.

Investment Accounts: Avoid capital gains and estate taxes by naming Ellis as a beneficiary. The full value of your gift directly supports our mission.

Life Insurance Policies: You can name Ellis as the full or partial beneficiary of a life insurance policy you no longer need. It's an affordable way to make a significant future impact.

Charitable Gift Annuities

A Charitable Gift Annuity is a meaningful way to support Ellis Medicine while receiving guaranteed, fixed income for life. With a gift of $10,000 or more, you can receive steady payments for life and enjoy valuable tax benefits including:

· An immediate income tax deductionc

· A portion of your annual payments tax-free for a period of time

· Reduced or avoided capital gains tax if you fund your CGA with appreciated assets (like stocks)

After your lifetime, the remaining value of your gift supports Ellis Medicine’s mission—providing high-quality, compassionate care to our community.

*Donors who are 70 ½ can make a onetime tax free Qualified Charitable Distribution from their IRA of up to $53,000 to fund a CGA.

Charitable Remainder Trusts (CRT)

A Charitable Remainder Trust (CRT) allows you to transfer assets into a trust and receive income for life or for a set number of years. After the trust term ends, the remaining balance supports Ellis Medicine and the future of local healthcare.

A CRT provides:

· Annual income for you or a chosen beneficiary

· An immediate charitable income tax deduction when the trust is funded

· The ability to avoid capital gains tax on appreciated assets

· Potential to reduce estate taxes for your heirs by using appreciated assets to fund the trust

· A powerful way to ensure our community has access to the best care, close to home