Federal Tax Identification Number (EIN)
LSU Health Foundation New Orleans
EIN: 72-1115391
Bequest Language
Below is recommended language for including LSU Health Foundation New Orleans in a will or living trust:
“I bequeath to LSU Health Foundation New Orleans ________ [the remainder of my estate/XX percent of my estate/$X/or other specific legacy] to be used ________ [for the benefit of LSU Health New Orleans/for general support of the School of _______ /to establish a scholarship/for another intended purpose in my name/in accordance with my gift agreement with LSU Health Foundation New Orleans]. If, in the opinion of the Foundation, or its successor, the School, or its successor, and the University, or its successor, all or part of this gift cannot at some time in the future be usefully or practically applied to the above purposes or if the purpose cannot be achieved because of a future change in law or unforeseeable circumstances, it may be used for any related purpose which in the opinion of the Foundation, the University, and the Dean of the School will most nearly accomplish my wishes.
For help customizing language for your client’s intentions, contact the Office of Gift Planning at giftplanning@lsuhealthfoundation.org or 504 568 1608.
Gift Planning FAQ for Advisors
- Bequests (Gifts in a Will or Living Trust)
Q: What is a charitable bequest?
A: A bequest is a gift made through a will or living trust. It may be a specific dollar amount, a percentage of the estate, or the remainder after other obligations are met.
Q: What are the benefits of leaving a bequest?
A: Bequests allow clients to leave a meaningful legacy without impacting lifetime financial security. They are flexible, revocable, and may reduce estate taxes.
Q: Do clients need to rewrite their entire will to include LSU Health Foundation?
A: Often, no. A simple codicil can add the Foundation to an existing plan.
Q: What information should attorneys include when naming LSU Health Foundation?
A:
- Legal Name: LSU Health Foundation New Orleans
- Address: 2000 Tulane Avenue, 4th Floor, New Orleans, LA 70112
- Tax ID#: 72 0617050
Q: Can clients direct their bequest to a specific school or purpose?
A: Yes. Bequests may support medicine, nursing, dentistry, allied health, public health, graduate studies, cancer-related causes, scholarships, or any designated purpose. We are available to help craft precise language.
- IRA and Retirement-Plan Gifts
Q: Can clients make a qualified charitable distribution (QCD)?
A: Yes. Individuals aged 70½+ may make QCDs of up to $111,000 annually (current IRS limit). QCDs can satisfy the required minimum distribution (RMD) and avoid taxable income.
Q: What are the benefits of IRA charitable gifts?
A: QCDs reduce taxable income and allow immediate impact. Beneficiary designations can reduce income tax exposure for heirs.
Q: How can clients make an IRA charitable rollover gift?
A: They should contact their IRA administrator and request a direct transfer to LSU Health Foundation.
Q: Can clients name LSU Health Foundation as a retirement-plan beneficiary?
A: Yes — for IRAs, 401(k)s, and 403(b)s.
Information administrators need:
- Legal Name: LSU Health Foundation New Orleans
- Address: 2000 Tulane Avenue, 4th Floor, New Orleans, LA 70112
- Tax ID#: 72 0617050
- Gifts of Appreciated Securities
Q: What are appreciated securities?
A: Stocks, bonds, or mutual funds that have increased in value since acquisition.
Q: Why give appreciated securities?
A: Clients may avoid capital-gain tax and receive an income-tax deduction for the fair-market value when the asset has been held for more than one year.
Q: How do clients make a gift of stock?
A: Securities may be transferred electronically.
Transfer Instructions:
- Institution: Fidelity Investments
- DTC: 0226
- Account Name: LSU Health Foundation
- Account Number: 637 906885
Please notify us of the gift at:
stock@lsuhealthfoundation.org or 504 568 3712, and include:
- Name of stock
- Number of shares
- Donor name and address
- Gift purpose
Q: Can appreciated securities fund a life-income gift?
A: Yes. They are often ideal for charitable gift annuities and charitable remainder trusts.
- Life-Income Plans (Charitable Gift Annuities & Charitable Remainder Trusts)
Q: What is a life-income gift?
A: A gift that provides income to the donor (or another beneficiary) for life or a term of years, with the remainder benefiting LSU Health.
Q: What is a charitable gift annuity (CGA)?
A: A CGA provides fixed lifetime payments in exchange for a charitable gift.
Q: What are the benefits of a CGA?
A: Predictable payments, partially tax free income, immediate tax deduction, and potential capital-gain advantages.
Q: Is there a minimum to establish a CGA?
A: Yes. The minimum gift amount is $20,000.
Q: What is a charitable remainder trust (CRT)?
A: A CRT provides income for life or a set term, with assets eventually benefiting LSU Health. CRTs are flexible and suited for larger or complex gifts.
Q: Is there a minimum to establish a CRT?
A: Yes. CRTs typically require $250,000 or more due to administrative and legal costs.
Q: How do clients determine which life-income plan is best?
A: It depends on their income needs, assets, and tax considerations. The Office of Gift Planning can prepare customized illustrations.
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