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The
ways that an individual can give to Jefferson Health Care
include, but are not limited to:
Cash
Gifts…
This method of giving is simple, fast and flexible. You
may set up a fund in your name with the Foundation and add
to it whenever you choose. It can be an effective vehicle
when you want your donation to make an impact on a specific
cause. Cash contributions offer immediate tax deductions.
Bequests…
Bequests remain the preferred method for charities to receive
major gifts. You may leave a specific amount or bequeath
a percentage of your estate. Getting started is perhaps
the most difficult part about making a will. The laws relating
to an estate are not simple; therefre, the use of professional
estate planning, tax and legal advisors in these matters
is vital. For more information please contact us at: 304-728-1690.
Charitable
Remainder Trust…
In the United States, the most common form of a planned
gift, with the exception of a bequest, is the charitable
remainder trust. It is a donation strategy (usually irrevocable)
in which assets, such as money, securities, personal or
real estate property, is transferred to a trust and a charity
named as capital beneficiary.
If the
property is income producing, the net income will be paid
to the donor or other beneficiary. Upon death, or after
a term of years, the trust then becomes the legal property
of the charity.
Although
the Jefferson Health Care Foundation would not receive funds
until some future date, its long-term interest is secured
immediately. The donor has the satisfaction of knowing that
they have established a substantial gift allowing them to
express their values and fulfill their personal wishes.
A donor may also receive an immediate tax deduction and
with a five-year carry forward allowed, some donors may
be able to make effective use of the tax deduction for several
years.
There
are other substantial benefits, such as capital gains being
"frozen" at today's market value or assets passing
outside probate and thus avoiding challenges. In addition,
a charitable remainder trust can free the donor from investment
concerns while he or she retains an on-going cash flow.
Monthly
Giving Program…
If you are a supporter that contributors faithfully every
year or responds to more than one appeal a year, this is
the program for you. The monthly giving program is a cost-effective,
time-efficient way to give to the Jefferson Health Care Foundation.
You may spread your payments out over 12 months instead
of making a donation in one lump sum.
Tribute
Gifts…
Tribute gifts are a meaningful way to make a donation in
the name of friends, family members, or health care providers. These tribute gifts may be "in honor" donations - including birthdays,
anniversaries, weddings or any special occasion. Tribute gifts also include "in memory" donations,
which honor the deceased and their family with a lasting
and meaningful contribution to healthcare in Jefferson County.
Gift
of Property…
A donation of property can create a gift
of exceptional importance. The current value of the property
will qualify as a donation for tax purposes. The proceeds
from the sale of the property may be invested in an annuity
that will provide you or your family with income for life.
You can also donate property through your will.
Annuity…
An annuity is a unique way to contribute
that allows you to receive income for the rest of your life.
You may also be eligible for a sizeable tax deduction. You
many want to consider transferring stocks or bonds to be
used for a designated purpose. You or a family member will
still receive the annual interest as well as an immediate
deduction based on the value of your gift and the amount
of the annuity.
Life
Insurance …
You may take out a life insurance policy
with the Jefferson Health Care Foundation as the beneficiary
and owner. You pay a small annual premium, but your eventual
gift is significant. Tax deductions are allowed for all premiums
paid. You may also donate an existing policy that is no
longer needed and receive an immediate tax deduction for
the current cash value of the policy.
Gifts-in-Kind…
Gifts-in-Kind involve the donation of property,
goods or services instead of cash. A tax deduction is allowed
for the fair market value of most gifts of property or goods,
but not for services.
Endowment
Funds …
An endowment fund is an irrevocable donation
that provides income in perpetuity and can be restricted
to fund a specific purpose. Endowment funds are a permanently
restricted net asset; the principal of which is protected
and the income from which may be reinvested or spent depending
upon the wishes of the donor.
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