Patient & Visitors

About Memorial Hospital

Contact Us

Employment Opportunities

In The News

Community Links

Charitable Giving

Community Health Assoc.

Financial

Stay Connected

Volunteering

 
Physician Link   Services Link  

How can you give to the Memorial Hospital Foundation?


GIFTS OF CASH

If you itemize your deductions, you can lower your income taxes simply by writing a check by December 31st. Your envelope must be postmarked by December 31 for your gift to qualify as this year's deduction. Some employers will match charitable gifts, making your gift worth even more. If your company or firm has a matching gift program, simply enclose the form along with your check.

NOTE: Please consult your tax advisor for advice on the above option.

Return To Top Of Page

GIFTS OF STOCK

A gift of appreciated stock generally offers a twofold tax saving. First, you avoid paying any capital gains tax on the increased value of the stock. Second, you receive an income tax deduction for the full fair market value of the stock at the time of the gift. You must have owned the stock for a "long-term" period of time (this generally means that you have held the stock for more than one year) to qualify for these significant tax advantages. Your gift of stock should be postmarked by December 31. In the alternative, a stock broker or trust officer can arrange for a year-end gift of stock from your account.

NOTE: Please consult your tax advisor for advice on the above option.

Return To Top Of Page

GIFTS OF REAL ESTATE

A residence, vacation home, farm, acreage or vacant lot may have so appreciated in value through the years that its sale would mean a sizable capital gains tax. By making a year-end gift of the property instead, you would avoid the capital gains tax, and at the same time, receive a charitable deduction for the full market value of the property. It is also possible to make a gift of your home, farm or vacation home so that you and your spouse can continue to use it for your lifetime, while receiving a tax deduction in the year you donate this property.

NOTE: Please consult your tax advisor for advice on the above option.

Return To Top Of Page

GIFTS OF LIFE INSURANCE

A gift of life insurance can provide a significant year-end charitable deduction. Whether you purchase a new policy or donate a policy that you currently own but no longer need, to receive a deduction, designate the Memorial Hospital Foundation as both the owner and beneficiary of the life insurance policy. Check with your insurance agent for details.

NOTE: Please consult your tax advisor for advice on the above option.

Return To Top Of Page

LIFE INCOME GIFTS

If you own stock which is paying you low dividends, a "life-income" gift may be an appropriate year-end gift. You could transfer the stock to the Memorial Hospital Foundation and establish a "charitable remainder unitrust" or "charitable remainder annuity trust" that would provide you with a 5% or greater annual return. This income would be paid to you and / or a loved one for life, after which the assets would be distributed outright to the Memorial Hospital Foundation. Through such an arrangement, you would be increasing your income and making a meaningful (and tax deductible) contribution to Memorial Hospital at the same time.

NOTE: Please consult your tax advisor for advice on the above option.

Return To Top Of Page

Make Your Gift Image