Ways To Donate
Memorial and Honorarium Giving
The next time you are faced with searching for a way to help
express your feelings, consider an honorary or memorial gift that will
be recognized and appreciated by others for years to come. A gift to
North Sunflower Medical Foundation can be a fitting, personal way to
honor the memory or successes of a loved one, or mark other milestones
in life.
When the tribute is in memory of someone dear, the Foundation will
notify the family of your kind act, but will not disclose the amount of
your donation.
The following are excellent occasions for donating:
To make a contribution by filling out a form and mailing it in
click here
.
To make a contribution online click here .
Annual Giving Program
Members of the Annual Giving Program provide a source of support that
North Sunflower Medical Center can count on, year after year. Donors
make an annual contribution and are recognized at different giving
levels.
Endowments
Charitable Estate Planning
Each year, the Foundation receives bequests and other planned gifts
from donors with the foresight to plan for the future. Planned gifts
can include such things as:
Bequests in Wills and Living Trusts
Perhaps the best-known method of creating a legacy, a bequest in your
will or trust is a wonderful way to benefit future generations by your
philanthropy. You may transfer any type of property: cash, stock, real
estate, etc. You may transfer a fixed amount, a fixed percent, or the
"residue" of your estate left after taking care of other beneficiaries.
Life Insurance
Naming the Foundation as beneficiary or partial beneficiary of a life
insurance policy is the easiest way to create a legacy. All you need to
do is sign a beneficiary designation form. If you use group life
insurance, there may be income tax benefits as well as estate tax
benefits. Older policies that are no longer needed (such as GI
insurance) can be donated to the Foundation, entitling you an income
tax deduction.
Pensions, IRAs and Annuities
Retirement plans are subject to double taxation (income taxes and
estate taxes), so these are often the best assets for creating a
legacy. In some cases, the combination of income and estate taxes can
deplete a retirement plan by 70 percent or more. Naming the Foundation
as the beneficiary of your retirement plans can save both income and
estate taxes, creating maximum tax "leverage."
Remainder Interest in Residence
You can get a current income tax deduction by giving the Foundation a
remainder interest in your home, while you continue to live there.
Charitable Remainder Trusts
A charitable remainder trust is a way to "have your cake and eat it,
too". You create a trust, donate property to that trust, and the trust
makes regular payments to you or someone you designate. You choose the
payout rate. (No less than 5%; not more than 50%). A charitable
remainder trust can be an excellent way to convert non-income producing
investments to income-producing, to minimize capital gains taxes on
appreciated property, and to supplement your income, as well as
creating a legacy. The tax laws provide income, capital gains, and
estate tax benefits for establishing a charitable remainder trust.
Charitable Lead Trusts
You can set up a trust that makes annual payments to the Foundation for
a number of years. At the end of that time, the trust can come back to
you, or go to your family. A lead trust established at death, with
ultimate distribution to your grandchildren, can make a fine legacy.
Charitable Gift Annuities
You can give property to the Foundation in return for the Foundations
promise to make payments to you for the rest of your life. The payout
rate and tax benefits depend on your age. You can choose to have the
payments begin immediately, or you can defer the payments so that they
supplement your retirement income in the future.
Gift Law
Recognition Given To Donors
North Sunflower Medical Foundation is grateful for all its donors.
Every gift to North Sunflower Medical Foundation is recognized in our
annual publication. Whenever possible, contributions are further
honored by plaques on equipment, patient rooms or other patient care
areas.
To make a contribution online click here.
To make a contribution (print and mail in) click
here .