Many people say they derive great personal satisfaction from giving and would like to do more. The Foundation staff can suggest creative ways to support Cabell Huntington Hospital that you might not have considered. Gifts to the foundation may be made in any amount. The same acknowledgement is sent regardless of the contribution's size, and the amount is a completely private matter.
The Grateful Patient Program provides an opportunity for patients to say “thank you” for the compassionate, thoughtful and professional care they received and for the Cabell Huntington Hospital doctors, nurses and staff who made a difference in their care, or in the life of a family member or friend.
Unrestricted Gifts are credited to the Foundation's 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 donor's personal interest.
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 lift 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 $15,000, an area of the hospital may be named for or in honor or memory of an individual, or a named fund may be established.
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.
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. You personal financial advisor can suggest the different ways this form of gift will benefit you and your family.
Did you know that you can receive income from the assets you donate to us and enjoy significant tax savings, too? Gifts of this type –- know as life income gifts –- pay you, and others you may designate, an income for life. One such life income gift is the charitable gift annuity. The charitable gift annuity is one of the most flexible forms of giving; it offers many advantages when wisely used in your financial and estate plans.
A major benefit is a guaranteed income of a regular, fixed sum paid each year for the rest of your life. The amount you receive depends upon your age at the time of the gift, the size of your gift and whether your income payments begin immediately or are deferred to some predetermined time.
This type of charitable trust pays income to one or more charitable organizations, typically for a period of years, and then the remaining assets of the trust pass to non-charitable beneficiaries, such as family members. Based upon the circumstances, the type of property used and the intended beneficiaries, lead trusts can have significant estate and gift tax benefits and can be used in a wide variety of ways. It usually does not provide a current income tax deduction, depending on whether the donor wishes to be taxed on the trust’s income, but it can effectively pass property to family members at reduced estate and gift tax costs.
Have you made provisions in your will to benefit the Cabell Huntington Hospital Foundation? Bequests are the most popular type of planned gifts. Anything you leave to a charitable organization will reduce the size of your taxable estate while helping a good cause. There are various ways to name the Cabell Huntington Hospital Foundation in your will and we would be glad to discuss these opportunities with you. In addition, if you let us know today that we are in your will, you will receive special recognition as part of our Legacy Society.
You may either donate a life insurance policy to us, or simply name us as the beneficiary of a life insurance policy. For the gift of a “paid-up” policy, you will be entitled to an income tax deduction equal to the lesser of the replacement cost of the policy or the cost basis. To qualify for the federal charitable deduction on a gift of an existing policy, you must name the Cabell Huntington Hospital Foundation owner and beneficiary. Even if you are still paying premiums on your policy, you can give it away and future gifts to us to pay the premiums will be tax deductible.
Planned giftsprovide 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.
There are many ways to help the Cabell Huntington Hospital Foundation. If you are interested in discussing donation options, please call Ron Vojacek at 304-526-6314 to discuss them in greater detail.