Estate Planning Resource Center

How will you leave a legacy?

Learn how leaving a gift from your estate with Memorial Medical Center Foundation—your philanthropic foundation for Long Beach Medical Center and Miller Children's & Women's Hospital Long Beach—can help you support the causes you care about while continuing to meet your current financial needs.

Consolidated Appropriations Act 2023 (CAA) and Your Support

Reach Your Philanthropic and Financial Goals with Gift Planning

A legacy gift enables you to support MemorialCare Long Beach as you consider your financial needs, how to provide for your loved ones, your assets, the impact you want to have through your estate plan, and the most tax-advantaged ways to give.

By including MemorialCare Long Beach in your will or trust, making a gift from your IRA, or taking advantage of other giving opportunities, you can preserve your assets now and support your hospitals for years to come. Your gift will have a real, lasting impact.

Let us help you make the gift that's right for you.

Request a confidential, no-obligation conversation to get started.

Join the Memorial Seaside Legacy Circle

The Memorial Medical Center Foundation established the Memorial Seaside Legacy Circle in 1992 to recognize and thank philanthropic friends who express their love of humankind by funding life-income gifts or give bequests through wills or trusts.

When you make a gift from your estate to the Memorial Medical Center Foundation for the benefit of Long Beach Medical Center and Miller Children's & Women’s Hospital Long Beach, you’ll be welcomed into the Memorial Seaside Legacy Circle and join other supporters and friends of our important mission.

Is MemorialCare Long Beach already in your plans?

Please let us know so we can properly thank you and make sure your gift will be used as you've intended.

Ways to Give

Not only do you have options for how your gift to MemorialCare Long Beach will be used, you also have options on what to give and Ways to Give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.

General Bequest

Gifts from your will or trust

Through a provision in your written and executed will or trust, you can make a gift in the form of cash, securities, real estate or personal property. There are many types of bequests. Choose the one that best fits your needs and intentions.

Charitable IRA Rollover

Charitable IRA Rollover

If you're 70 ½ or older, you can make a gift directly from your IRA to MemorialCare Long Beach. While there is no charitable deduction for a rollover gift, you do avoid the income tax on the donated portion of your required minimum distribution.

Charitable Gift Annuity

Gifts That Pay You

You can turn underperforming assets (stock, cash in a savings account, CDs, savings bonds, etc.) into a gift to MemorialCare Long Beach that provides income to you. Your Charitable Gift Annuity will give you quarterly, fixed payments for life and tax benefits, too.

Donor Advised Funds

Beneficiary Designation and Grants

Designate MemorialCare Long Beach as a beneficiary to receive all or a portion of the balance of your Donor Advised Fund (DAF) through your fund administrator. You also can make a grant to us at any time from your donor-advised fund.

Gifts of Life Insurance

Beneficiary Designation and Paid-Up Policies

Name Memorial Medical Center Foundation as the beneficiary of an existing life insurance policy; donate an existing, paid-up life insurance policy you no longer need; or purchase a new life insurance policy and name Memorial Medical Center Foundation as the owner and beneficiary.

Trusts

Gifts Through Trusts

Charitable Remainder Trusts provide you income from an asset that then passes to MemorialCare Long Beach as a gift. Charitable Lead Trusts provide income to MemorialCare Long Beach before the asset passes to your heirs. For the savvy donor, charitable trusts can provide tax-advantaged income, eliminate capital gains, or preserve assets for your heirs.

Gifts of Property

Real Estate and Other Valuables

Like stock, the fair market value of gifts of appreciated assets such as real estate, artwork, and other well curated collections, can be deducted from your income tax today and reduce your estate taxes in the future.

Beneficiary Gifts

Retirement Accounts

NamingMemorialCare Long Beach as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh, profit-sharing pension plan or other donor-advised funds, will accomplish a charitable goal while realizing significant tax savings.

Gifts of Stock

Appreciated Stock

When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, you'll receive charitable deductions at full, fair market value while reducing capital gains impact.

Let's get in touch

Wayne Herron
  • Wayne Herron

    Director of Gift Planning

  • cherron2@memorialcare.org

    (562) 933-1657

    2801 Atlantic Ave.

    Long Beach, CA 90806

  • For Professional Advisors

    If you are working with a professional advisor, or advising a donor, here's a practical guide for including in a charitable estate plan.