Planned Giving

Including Robert Wood Johnson University Hospital Somerset in your estate planning creates a wonderful legacy that will help secure the future of health care in your community. Individuals who include the medical center in their estate planning are members of our Heritage Circle society. (*If you designate Somerset Health Care Foundation as a beneficiary of your estate, please notify us so that we can extend Heritage Circle benefits to you.)

There are many ways to include a charitable organization in your estate planning that will produce tax-saving benefits, fulfill your philanthropic goals and directly benefit the community. For example:

  • Simple Bequest - When creating or revising a will, many individuals plan to leave gifts, or bequests, to charitable institutions such as Robert Wood Johnson University Hospital Somerset. Read More ยป 

  • Charitable Gift Annuity - With this agreement, the donor makes a single payment to Somerset Health Care Foundation, and in return the donor and/or named beneficiary receives a fixed dollar amount each year for life.  

  • Charitable Remainder Trust - This trust enables a donor to set aside assets now for the future benefit of Robert Wood Johnson University Hospital Somerset, while reserving an income stream for himself or herself for a pre-determined period of time or lifetime(s). When that period expires, the trust principal is transferred to Somerset Health Care Foundation. 

  • Charitable Lead Trust - A donor can transfer assets to this trust, which will provide income payments for a period of years to Somerset Health Care Foundation. At the end of the payment term, the principle reverts to the donor and/or beneficiary. 

  • Gift of Life Insurance - A life insurance policy that is no longer needed can become a valuable donation to benefit Somerset Health Care Foundation.

For more information about planned giving, please call the Somerset Health Care Foundation Office at 908-685-2885.

* This information is simply to assist you in your estate planning process. This language/information is not intended to be legal advice. Please discuss with your legal counsel/financial planner.