Ways to give
A gift to the Foundation is really a gift through the Foundation to the communities who rely on our vital work when they need us most! Learn more about why giving to Hendricks Regional Health Foundation is an important way to give back to your community by downloading more information about how your gift helps. The easiest way? Click on the "Donate" tab above to make your gift now!
Join the Cartlidge Circle or be a Legacy Builder. Named in honor of Florence Cartlidge, a former board member who made a major gift to the Foundation from her estate, this giving circle recognizes generous donors who make annual gifts of $1,000 or more. Another new recognition group is for those who choose to make a future gift through a bequest, gift of life insurance or other deferred giving opportunity. Join the Legacy Builders through December 31, 2012 and you will be recognized as a charter member of this group of important and forward-thinking individuals.
Hendricks Regional Health Foundation offers a wide variety of giving options. Information about the opportunities is outlined below, or you may contact the Foundation office for additional information at 317-745-7376 or sebogan@hendricks.org.
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Cash
Cash gifts are most often in the form of a personal check made payable to Hendricks Regional Health Foundation. It can be directed to a special area or program or will be used where it is needed most.
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A gift of special meaning
Your tax-deductible financial gift to the Foundation may be given to a clinical area that has special meaning to your family, such as the Cancer Center or Pediatric Unit, for example. Contributions also may be directed to a specific program or capital building project.
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Gifts in tribute, honor or memory
It could be a family member, friend or even that special caregiver who made a meaningful difference in your life. When appropriate, those honored by your gift receive notification of your generosity and you receive an acknowledgment letter for tax purposes.
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On special occasions
Requesting donations instead of gifts at your next family celebration is a wonderful way to honor a loved one’s birthday, anniversary or special accomplishment.
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Securities
Stocks and bonds, if held for 18 months or longer, may be transferred to the Foundation. The transfer may allow the donor to avoid paying capital gains tax which would otherwise be incurred if the securities were sold.
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Gifts of Property
Certain real estate and personal property may be transferred to the Foundation. The current income tax deduction is based upon the fair market value.
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Corporate Matching Gifts
Many corporations agree to match personal donations with an equal or greater corporate contribution in order to encourage their employees to make charitable gifts. Forms often are available from the employer’s human resources department.
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Sponsorships
The Foundation holds annual events to help raise awareness and additional funds. Many corporations, individuals and organizations support the Foundation by sponsoring these events.
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Future Gifts
We spend a lifetime building our assets. We dream of purchasing a home, a new car and a family to share it all with. Even more important, we want to protect those assets and especially our loved ones. So we insure our lives and our property and build retirement savings for our future.
Many people also have found a way to insure their values. They’ve discovered that is possible to leave a legacy of hope, health and help that extends their values and beliefs beyond their own lives and even the lives of their loved ones.
Planned or deferred gifts are the result of careful consideration of a donor’s charitable values and overall financial, tax and estate planning objectives. Planned giving provides a wonderful opportunity to maximize the benefits for both the donor and Hendricks Regional Health Foundation. Those who choose to make some kind of future gift are recognized as members of Hendricks Regional Health Foundation Legacy Builders. All who announce their intentions by December 31, 2012 are considered charter members.
Making a deferred gift is not a function of money, but is all about intent… intent to continue a tradition of giving, caring and shared family values. The government is the largest beneficiary of an estate without the benefit of advance planning. There are deferred gifts that work in every circumstance for the benefit of the individual and his or her family.
Benefits of including a charity in your estate plans include:
• Personal satisfaction, joy and pleasure of supporting Hendricks Regional Health and leaving a legacy that will honor your values and character
• Income tax savings
• Estate tax savings
• Increased life income
• Tax-sheltered income
• Supplemental retirement income
Planned gifts include outright current gifts of cash or other assets such as stock, business interests, real estate, personal property or equipment. You can leave a legacy with deferred gifts from your estate through a bequest in a will, life insurance policy or retirement plan.
The professional staff and advisors at Hendricks Regional Health Foundation can assist donors in identifying giving strategies that fulfill their personal, business and long-term charitable goals. We are happy to work with you and your financial and legal advisors without cost or obligation. Additional information is provided for your consideration.
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Bequests by Will or Codicil
You can make an impact on the health of our community for generations to come, without affecting your current financial situation. A charitable gift to Hendricks Regional Health Foundation through your will or a legal revision to it can reduce your estate taxes. The bequest wording may specify a dollar amount for the gift or a percentage of your estate. Click here for sample language to include in a will.
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Gifts from Retirement Accounts
Retirement plans are among the most heavily taxed part of an estate to pass along to family members (excluding a spouse). They may be subject to as much as a 70% tax, greatly reducing the amount available for loved ones. Often, other assets are best left for heirs and retirement assets for charity.
Individuals may designate a percentage of one or more retirement plan assets to the Foundation. This designation is revocable and can be changed if desired, and also can include a designation to family members as well. This type of deferred gift is very simple to make, by simply completing a change of beneficiary form with the company holding the plan.
For those with IRA accounts, the government has extended the IRA Rollover Provision which exempts from taxable income any funds transferred ("rolled over") from an IRA to a charitable organization with the following limitations:
• donor must be age 70 1/2 or older
• cap on annual IRA rollovers is $100,000
• contribution must be a direct gift to charity (no planned gifts)
Please consult your personal financial advisor for additional information about this special limited-time opportunity that is most attractive for an individual with IRA assets they don’t foresee needing.
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Life Insurance
You may transfer a policy you no longer need for your family, naming the Foundation as the owner and beneficiary of the policy. Transferring ownership may result in an income tax deduction for the donor. Naming the Foundation as a beneficiary can provide relief from estate taxes for your family but does not result in a tax deduction. This is a gift that can be made with no out-of-pocket cost to the donor. A gift of life insurance is a way to make a significant gift at a relatively low cost to the donor.
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Life Income Gifts
Cash or certain assets can be transferred to a trust or gift annuity in return for a lifetime income. After the lifetime of the donor, the trust or annuity proceeds are payable to the FoundationReturn to top
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