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How to Give
Many of our friends say they derive great personal satisfaction from their giving and would like to do more. We can suggest creative ways to support us that you might not have considered. Of course, we recommend that you contact your personal financial professional, attorney, or CPA to determine the best way for you to make a gift. If you are interested in any of the ideas listed below, please feel free to call us to discuss them in greater detail. Gifts to the foundation may be made in any amount. The same acknowledgement is sent regardless of the contributionís size, and the amount is a completely private matter.
Types of Gifts
Unrestricted Gifts are credited to the Foundationís Greatest Needs Fund and gives the foundation the flexibility to support areas of greatest need at the time of the gift. These gifts help to ensure that important programs and services are not threatened because of lack of funding.
Restricted Gifts are donations made to a wide range of specialty services or programs at the hospital, consistent with the donorís personal interest. Call the foundation office at (304) 526-2009 for more detailed giving opportunities.
Gifts "In Lieu of Flowers" and memorial gifts can be made when someone you know has passed away. A beautiful card is sent to the family noting the thoughtfulness of the donor. The donor is also mailed an acknowledgment card, which acts as an official receipt since this type of gift is fully tax deductible. Memorial gifts totaling $500 or more will be honored on a donor wall in the lobby area of the hospital.
"In Honor of" Cash Gifts can be made in honor of anyone you choose on the occasion of his or her birthday, graduation, anniversary or other special event. This type of gift is widely used to honor doctors and nurses.
Endowed Funds require a minimum gift of $25,000 made through either a life time gift or a bequest. Such gifts establish an endowed fund, which may be named for the donor or someone to whom the donor wishes to honor. The principle is preserved and the income supports the purposes of the fund as specified by the donor.
Naming Opportunities at Cabell Huntington Hospital are gratefully offered to donors. With commitments starting at $25,000, an area of the hospital may be named for or in honor or memory of an individual, or a named fund may be established.
Assets to Give
Cash gifts are easy and convenient. It is the most popular gift and the one most people think of first. All cash donations are tax deductible. If you itemize in the year of the contribution, up to 50 percent of your adjusted gross income can be deducted. Excess deductions can be carried forward for the next five years. You can make any of the following contributions:
Appreciated Securities are easy to give and offer great tax advantages. A gift of highly appreciated securities, if owned more than one year, generally allows the donor to deduct the full fair market value of the asset and avoid paying capital gains. We suggest you contact your personal financial advisor for the latest tax law advantages.
Real Estate, if held for more than one year, can be given to support CHH. Your personal financial advisor can suggest the different ways this form of gift will benefit you and your family.
Life Insurance makes an easy way to give when you have life insurance policies that are no longer needed. You may either donate the life insurance policy to us, or simply name CHH as the beneficiary of the policy.
Planned Gifts provide several ways you can make a significant future gift to us while retaining, or in many cases increasing, the income you receive from the asset used to make the gift. Your estate planning professional can detail the planned gift best for you.
Bequests are the most popular type of planned gifts. For many donors, a gift made through their will is the best way to make a substantial contribution to CHH. Donors can leave a specific dollar amount or a percentage of their estate. Through a bequest, a donor can make a gift without depleting current assets and eliminate or reduce their tax liability. If you have included CHH in your estate, please let us know.