Ways to Give
The Clay County Foundation recognizes all individuals and entities that contribute $500 or more to become a lifetime member of the Foundation. As a member, you are a vital part of a community of donors who are committed to providing monetary support that enables the hospital to provide vital services for residents of Clay Center and neighboring counties. We invite members to attend the annual meeting where we elect our board of directors and celebrate ongoing, generous contributions, both past and present.
Making a charitable donation to the Clay County Hospital Foundation is an excellent way to support your community. To become a member or to make a contribution, please contact Marcia J. Newell at 785-632-2144 Ext. 489 or email: email@example.com.
Whether you would like to put your donation to work today or benefit the foundation after your lifetime, you can find a charitable plan that lets you provide for your family and support Clay County Hospital Foundation. Special tax incentives, which encourage philanthropy, are available for people who make carefully considered deferred gifts through their estate plans. This can be done simply through a bequest or by establishing various kinds of trusts. Beneficiary designations through life insurance plans and annuities may also benefit the Foundation.
WILLS AND LIVING TRUSTS
Real estate, appreciated securities, works of art, jewelry or other assets can be sold or invested for long-term benefit. A charitable bequest is a simple, flexible and versatile way to make a gift through your will or living trust. By including a bequest to the Clay County Hospital Foundation in this way, you are ensuring that we can continue our mission for years to come. Your gift may also entitle your estate to a federal estate tax charitable deduction.
Supporting the Clay County Hospital Foundation is easy to do with a beneficiary designation. You can name the Clay County Hospital Foundation as a beneficiary on such assets as retirement plans and life insurance policies. This can be entirely separate from your will. It is an easy way to give as well as being flexible—you aren't locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.
Gifts that Provide Income
CHARITABLE GIFT ANNUITIES
Donors can give without choosing between philanthropic goals and financial security. A charitable gift annuity allows you to receive fixed payments for life when you designate the Clay County Hospital Foundation as a beneficiary.
CHARITABLE REMAINDER TRUSTS
If you have built up a sizeable estate and are also looking for ways to receive reliable payments, you may want to consider the advantages of setting up a charitable remainder trust. There are two ways to receive payments with charitable remainder trusts: The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments. The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
More Ways to Give
CHARITABLE LEAD TRUSTS
If you want to benefit from the tax savings that result from supporting Clay County Hospital Foundation, yet you don't want to give up any assets that you'd like your family to receive someday, you can have it both ways with a charitable lead trust. There are two ways charitable lead trusts make payments: A charitable lead annuity trust pays a fixed amount each year to Clay County Hospital Foundation and is more attractive when interest rates are low. A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to the Clay County Hospital Foundation go up as well.
Real estate, appreciated works of art, jewelry or other assets can be sold or invested for the long-term benefit of the foundation.
MEMORIALS and TRIBUTE GIFTS
Memorials and Tributes are ways to honor the memory of a special person, pay tribute for accomplishments or to express appreciation.
The Foundation has established three types of development funds, so donors can be assured thier gifts will be administered according to their wishes.
- ENDOWMENT FUND - A donor's contribution to the Endowment Fund will remain in the endowment in perpetuity. The interest or earnings from the donor's contirubtion is the only portion that can be used for a specific purpose, determined by the donor or board of trustees.
- LONG TERM FUND - A contribution to the Long Term Fund ensures that a donor's contribution is spent on long term, major item needs such as a construction project.
- UNRESTRICTED USE FUND - Unrestricted gifts to the foundation will be used in a manner that best supports the mission of the foundation. This fund gives donors the opportunity to support community healthcare without having to specify how their contirubtion is used.