Ways to Give
- Memorial Gifts/Tributes
- Charitable Trusts
- Life Insurance
- Matching Gifts
- Friends of Lourdes
Gifts in the form of cash or check are the type of gifts most familiar to donors (such a gift can be tax deductible up to 50% of a donor's adjusted gross income).
Checks can be made payable to:
Lourdes Hospital Foundation
169 Riverside Drive
Binghamton, NY 13905
You may also make a donation online with a credit card. Gifts may be made in memory of a loved one, in honor of someone special, or in general support of Lourdes mission. All those who donate online will receive a formal acknowledgment of their contribution in a written letter.
All gifts received by Lourdes Hospital Foundation will benefit Lourdes.
Thank you for thinking about remembering Lourdes in your Will.
There are several types of bequests that you can make to support Lourdes Hospital. Some types are:
- Residuary Bequest
- Specific Bequest
- Percentage Bequest
Sample Bequest Wording
Sample wording for a Residuary Bequest or a gift made after all other heirs are remembered and all expenses and debts are paid, could include:
"All the rest, residue and remainder of my estate, I give, devise and bequeath to The Lourdes Hospital Foundation, Inc., located in Binghamton, New York."
Sample wording for a Specific Bequest could include:
"I give, devise and bequeath to The Lourdes Hospital Foundation, Inc., located in Binghamton, New York, the sum of ____ dollars ($____.__)."
Sample wording for a Percentage Bequest could include:
"I give, devise and bequeath to The Lourdes Hospital Foundation, Inc., located in Binghamton, New York, an amount equal to ____ percent (____%) of the net value of my estate as finally determined for Federal estate tax purposes."
Ways Assets Can Be Passed OUTSIDE Your Will.
Examples of assets that can pass outside your Will are:
- Assets held in an IRA or qualified retirement plan
- Assets held in trust
- Life insurance proceeds
These are some examples of how you can name The Lourdes Hospital Foundation as a "Beneficiary" of assets.
If you have questions or need more information about bequests to support Lourdes, please call the Lourdes Foundation Office at 607-798-5684.
A donor can remember a deceased loved one by making a memorial gift to The Lourdes Hospital Foundation. Notification of the gift (without mention of gift amount) is sent to the family of the person remembered.
A donor can honor a relative, friend, or colleague for a special occasion such as a birth, birthday, graduation, anniversary, wedding, retirement, professional achievement, or academic achievement by making a commemorative gift to The Lourdes Hospital Foundation. Notification of the donors thoughtfulness (without mention of gift amount) is sent to the honored person.
Naming opportunities present an excellent way for a donor to honor or memorialize a loved one by establishing a philanthropic fund or by dedicating a room, a facility, or a needed piece of medical equipment.
To learn more about naming opportunities, you may call Robert O'Connell at the Lourdes Foundation Office at 607-798-5684.
A gift of securities that have appreciated in value can provide the donor tax benefits, as well as the opportunity to make a significant gift to The Lourdes Hospital Foundation. The donor bypasses capital gains tax and can take an income tax deduction based on the securities fair market value at the time of the transfer.
- You receive gift credit for the fair market value at the time of transfer.
- You pay no capital gains tax on the appreciated securities you donate.
- Your gift is recognized as a charitable contribution for income tax purposes.
Various charitable trusts allow the donor the opportunity to establish an ultimate gift for the benefit of the Hospital, while providing lifelong income for the donor. Trusts can be funded with cash or with real estate, stocks, or other assets. A charitable trust offers the donor the opportunity to convert non-paying assets into income-earning assets while generating a substantial future gift. Contributions that produce ongoing income to the donor can be very attractive methods of giving. Donors interested in charitable trusts should contact their lawyers for details concerning the many types of charitable trusts.
Options for donors with life insurance include:
- A gift of a paid-up life insurance policy may be a way for a donor to make a significant gift. Many donors have grown children who are financially independent; for such donors, their paid-up life insurance policies may no longer be needed. The donor who contributes in this manner may deduct the cash surrender value of the policy as a charitable contribution.
- By purchasing a life insurance policy and designating The Lourdes Hospital Foundation as irrevocable owner and beneficiary of the policy, a donor can thus make a charitable gift. In this instance, the annual premium that the donor will pay can be considered a charitable contribution.
Corporate matching gifts programs can provide donors the opportunity to augment their contributions.
A donor who works for a company that features an employee matching gifts program obtains the appropriate form from the employer and sends the completed form together with the donor's contribution to the Lourdes Hospital Foundation. The Foundation verifies the gift, and the employer then forwards its matching gift to the Foundation.
A gift to the Friends of Lourdes fund supports the hope and healing of our patients by underwriting initiatives for Hospice, Dispensary of Hope, Lourdes At Home, and such cutting-edge technology as the da Vinci Robotic Surgical System. Join forces with more than 200 "Friends of Lourdes," who during 2014 alone, have made nearly a quarter-million dollar impact in the lives of individuals -- and a deeply meaningful difference in the quality of healthcare for our community.
Learn more about ways you can offer financial support to Lourdes by calling Robert O'Connell at the Lourdes Foundation Office at 607-798-5684.