|
Opportunities for Giving | Commemorative | Go to the Donation Form |
|
|
|||
|
|
There are a variety of ways you can invest in the Newton Memorial Hospital Foundation and contribute to the health of our growing community. Please take a moment and consider how to best reflect your charitable intentions while achieving your personal financial goals
Direct
Gifts
Contributions of cash, checks or credit card are tax deductible. Remember,
however, for the purposes of income taxes, your cash gift is deductible
only in the year in which it is donated. Check with your tax advisor to
confirm the extent to which your donation is deductible.
Memmorials
Share feelings of joy and sorrow with others, while at the same time benefiting
the Hospital and its patients. A gift may be made as an expression of
sympathy, in remembrance of a loved one, as a tribute to someone special,
or to mark a special occasion -- graduation, birth, birthday, anniversary
or speedy recovery.
Bequests
A bequest in your will is an ideal way to reduce taxes and make a significant
gift to benefit the Newton Memorial Hospital Foundation. Ask your attorney
to include a clause in your will or add a codicil to an existing will.
A bequest may be made for a specific amount, a percent of your estate,
and/or specific property.
Gifts of Life Insurance
Do you have a paid-up life insurance policy you no longer need? If so,
consider naming Newton Memorial Hospital Foundation as the beneficiary
of that policy. You can also make Newton Memorial Hospital Foundation
the owner of the policy, or turn it in for the approximate cash value
of the policy. Ask your insurance agent for advice and for the necessary
forms.
Gifts of Appreciated Assets
Gifts of appreciated assets, such as stocks, bonds and real estate, offer
additional tax benefits. By making a contribution of appreciated assets
instead of selling them, you can claim a tax deduction for the current
fair market value of the gift and avoid capital gains tax. Talk with your
tax advisor first.
Planned Giving and Estate Planning
Today, well-planned philanthropy can play as important role to the financial
well being of the donor as it does to the recipient. When professional
knowledge is applied to evaluating the various options for planned giving,
the value of a gift can be maximized for the donor and organization. When
contemplating major giving, it is imperative that the donor understands
tax advantages of these options that can include Charitable Remainder
Trusts, a Charitable Gift Annuity and Pooled Income.
The Newton Memorial Hospital Foundation Committee on Planned Giving makes financial advice and expertise available to any potential donor wishing to learn more about how to develop a sound plan for philanthropy. Planned Giving Committee Advisors will be happy to assist you, or feel free to contact:
Diane Brennan, Director of Development
Newton Memorial Hospital Foundation
175 High Street
Newton, NJ 07860-9885
Tel: 973-579-8309
Fax: 973-383-5368
dbrennan@nmhnj.org

|
|


|
© Copyright 2005 The Newton Memorial Hospital Foundation |