Frequently Asked Questions

• I am unable to make a current gift, but I'd still like to support Penn Medicine LG Health in the future. Any ideas?

  An easy and low-cost way to make a gift to LG Health is to include Penn Medicine LG Health in your will or revocable trust. Gifts by Will are an important source of support for Penn Medicine LG Health. Every future gift commitment made contributes to our financial strength and ability to meet the needs of our patients and their families. If you have not already done so, please consider putting Penn Medicine LG Health in your will or revocable trust. See our Bequest Language page for samples of how to do this. You can also designate Penn Medicine LG Health as the beneficiary of Life insurance, annuities, or Retirement-Plan Benefits. We’d love to know if you are considering any of these options. Please reach out to us at Foundation@lghealth.org.

• Can I create income with my gift?

  Yes! Penn Medicine LG Health has many plans for Gifts that Pay You Income. You can also provide income for a child, a grandchild, a parent, or a friend. That income can increase cash flow now and/or during retirement, pay for a college education, provide income for aging parents, or perhaps assist a loved one with special needs. You can also provide income to our institution by using a Charitable Lead Trust.

• What asset should I use to make my gift?

  While cash or a check is a simple way to make a gift, you might want to consider the following:

  Gift Type	Possible Benefits
  Cash	Current income-tax deduction Generate income
  Appreciated securities, such as stocks, bonds, or mutual funds	Elimination or reduction of capital-gain tax Current income-tax deduction Generate income
  Transfer of residential, commercial, or undeveloped real estate	Elimination or reduction of capital-gain tax Income- and estate-tax savings Generate income Relief from management
  Donate an interest in closely held or family business stock	Reduce the cost of passing the business to heirs Income- and estate-tax savings Generate income
  Give us tangible personal property like art, books, or collectibles	An income-tax charitable deduction
  Make the LG Health Foundation the owner and beneficiary of life insurance or annuities	Income- and estate-tax savings

   

• Can I direct how Penn Medicine LG Health will use my gift?

  YES! Many donors direct that their gifts be used to fund programs or to support specific departments at Penn Medicine LG Health. Please be sure to share how you want your gift to be designated when you make your commitment.

• How will Penn Medicine LG Health recognize my gift?

  If your gift is a bequest commitment (through your will), or through life insurance, life-income plans, or lead trusts, you will become a permanent member of Penn Medicine LG Health’s 1893 Society. Of course, we will honor any requests for gifts to be anonymous.

• Why should I consider a gift to Penn Medicine LG Health?

  Gifts are made for many different reasons. Often gifts are made:

  • To express gratitude for the education you received.
  • To honor a loved one.
  • To ensure Penn Medicine LG Health will remain a strong organization to meet the future healthcare needs of our community.
  • To help Penn Medicine LG Health provide access to advanced services and compassionate healthcare to everyone in our community.

Please contact the Gift Planning Office for more information.

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