Consider Planned Giving

By making a planned gift you incorporate charitable giving into your overall financial, tax and estate planning objectives. In doing so, you maximize personal and family benefits while assisting Eastern Long Island Hospital to fulfill its mission of compassion and care. ELIH is a not-for-profit institution.

Not like for-profit corporations, any excess of revenues over expenses is used by the hospital to upgrade its equipment and facilities to serve our community better. Year-end operating margins are very slim, even with our careful skilled management the HMO's and managed care reimbursements in general have been low. In order to continue to make capital improvements, purchase state-of-the-art medical equipment and develop new programs to meet the needs of our community, we fund raise.  

Frequently Asked Questions about Planned Giving

What is a Planned Gift?

Essentially, a planned gift is one that is set up by a donor today to be presented to the hospital sometime in the future. Planned gifts are generally made under contractual agreement, i.e. trusts or your last Will and Testament.

Why a Will?

Your Will is your way of stating your intentions, exercising control over your possessions, and caring for your dependents after your death. Your Will may address three major areas of interest to you: 1) ownership of assets, 2) use of assets and 3) care for your dependents. The Will does not save or eliminate taxes, but serves as a legal expression of your wishes. If you do not have a Will, the state determines how to distribute and dispose of your state.

How is my gift used?

A gift made through your Will is a bequest. Consistent with the needs of the Hospital, a donor's specific intentions, made as a bequest, will be honored. Generally, a bequest made to the Hospital will be placed in the Foundation for capital expansion projects and equipment as needed and determined to be necessary by the Board of Directors. We believe that by maintaining and expanding the buildings and updating equipment, we honor a long-established tradition at the Hospital, helping ensure the future and best serving the needs of your family and your community.

Is there another way to transfer assets?

Yes. There are many ways you can plan now to arrange for the transfer of your assets. Through trust of lifetime gifts you and your heirs may realize substantial tax savings even during your lifetime. Your accountant or legal counsel can best advise you as to the benefits.

How is my gift acknowledged?

Donors making bequests or trust of $1000 or more may wish to have their intentions made known during your lifetime.

Please call Pat Kiernan, Vice President of  Development and Community Relations to discuss your plans, (631) 477-5164 or via Email