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When you make a gift to the Foundation for Community Care, you are helping make sure that we’ll have the quality healthcare we all deserve. Rural Eastern Montana is a great place to live and work. Having funds available for the best medical technology, lifelong treatment and emergency care is essential to maintaining our unique way of life.
Your gifts to the Foundation for Community Care are tax-deductible. All gifts –large or small—are greatly appreciated and help provide outstanding medical care for our community. Gifts can be planned to gain numerous tax benefits as well as lifetime income. A charitable bequest through your will is a legacy that will impact future generations. All gifts are added up to reflect your cumulative giving and honored on our Donor Recognition Wall at Sidney Health Center.
As a department of Sidney Health Center, the Foundation for Community Care's overhead and administration costs are paid by SHC. Therefore, 100% of all donations received remain within our community. Recipients of these funds include the hospital, extended care, ambulance service, fire departments, public health, elderly services and more in Sidney, Lambert, Fairview, Savage and surrounding areas.
Donations are welcome from individuals, families, foundations, businesses and corporations. You can make tax-deductible gifts to the Foundation for Community Care by cash, check or credit card.
We encourage gifts to the Foundation for Community Care’s Endowment Fund, which is like an interest earning savings account for community health. Donations to the endowment fund are invested and the principle is untouched to maintain a strong financial base for future healthcare needs. Each year, the Foundation distributes some of the earnings from the endowment fund for present health and medical projects.
Families and friends often with to make a gift in memory of special loved ones. We welcome these meaningful gifts and list them as tributes in our newsletter and the newspaper. When requested, an attractive card will be sent to whomever you with, acknowledging your gift to area healthcare.
The reasons to honor someone special are numerous, such as: Mother’s and Father’s Day, to say “Thank You!” or “I’m thinking of you!” The Foundation will list your honor gift with our tributes as well as send a card to whomever you are honoring. Your gift will benefit area healthcare now and in the future. What a thoughtful gift!
A gift of cash is the most common and convenient way to donate to the Foundation for Community Care. It is simple to give and helps us provide quality care and support for many worthwhile programs. If you itemize your tax deductions, your gift is fully deductible up to 50% of your adjusted gross income on both your federal and state tax returns. Any excess may be carried forward for up to five additional years. This type of gift qualifies corporations, partnerships and limited liability companies for the Montana Endowment Tax Credit. A gift of cash from an individual can also qualify for the Montana Endowment Tax Credit by setting up a planned gift.
A Charitable Gift Annuity is a very simple way to make a donation to the Foundation for Community Care. When you give cash or an appreciated asset (stock, land, etc.) to the Foundation to fund a Charitable Gift Annuity or Deferred Gift Annuity, you receive a tax deduction (and if you pay Montana tax, this qualifies for the Montana Endowment Tax Credit and we agree to pay you back for the rest of your life. This payout rate is determined by your age at the time you begin taking the payments (In a Deferred Gift Annuity, you can arrange to defer the payments until a later date, if it better suits your purposes, i.e. tax and retirement needs). Also, a portion of the payments you receive is generally tax-free, and if you fund the gift annuity with an appreciated asset, you also avoid some payment of the capital gains tax. Charitable Gift Annuities and Deferred Gift Annuities are definitely the "win-win situations" you hear about. The Foundation and our local community benefit, and you do too.
Appreciated securities such as stocks, bonds, or mutual funds can be donated to the Foundation and help you avoid capital gains taxes. They can also be used to fund a guaranteed life-income gift, such as a Charitable Gift Annuity or Deferred Gift Annuity.
Perhaps the most common method of planned giving is a bequest in a will or trust. You may transfer any type of property, cash, stock, real estate, artwork, etc. You may transfer a fixed amount, a fixed percent, or the residual of your estate after providing for your beneficiaries. For a free guide on planning or revising your will, call or E-mail the Foundation. If you plan to donate by will to the Foundation for Community Care, to support its mission of providing for local healthcare, you may use this sample language (PDF Sample Bequest Language), which can be used as you work with your legal and financial advisors.
Simply print it and take it to your advisor(s). This sample language may help your estate, make you feel wonderful by leaving a legacy to the community and will definitely help the Foundation for Community Care to ensure the continuance and quality of local healthcare and medical services. If you include the Foundation for Community Care in your will or trust and alert us to that fact, you become a member of the Legacy Society.
Naming the Foundation as beneficiary or partial beneficiary of a life insurance policy is one of the easiest ways to leave a significant gift. There may be income tax benefits as well as estate tax benefits. Older policies no longer needed may be donated to the Foundation, entitling you to an income tax deduction. This type of gift also qualifies for the Montana Endowment Tax Credit.
Retirement plans are subject to both income taxes and estate taxes, which can deplete a retirement plan by 70% or much more in some cases. Retirement plans were not designed to be inheritance plans. In fact, your heirs will receive very little, if any of your retirement plan assets if left to them in a will. The government will benefit from such an arrangement. That is why it is a good idea to name a charity in your will as beneficiary of your retirement assets.
With a Charitable Remainder Trust, you create a trust, donate property to that trust, and the trust makes payments to you or someone you designate for life or a term of years. A Charitable Remainder Trust can be an excellent way to convert a non-income producing investment to one which produces a strong and steady income for you and minimizes capital gains taxes on appreciated property. National and state tax laws provide income, capital gains, and estate tax benefits for establishing a charitable remainder trust. The Foundation for Community Care would benefit by receiving the assets of your trust at the death of the trust's last beneficiary.
This is one of the /"hottest" estate planning techniques in the U.S. A Charitable Lead Trust is opposite of the Charitable Remainder Trust, in that the charity receives income from your trust right away (during the term years of the trust) and at the termination of the trust, all assets go to your heirs. In addition to the income tax savings, your federal estate tax savings are also greatly reduced. You also benefit by immediately seeing the difference your trust's income is making to the community through the efforts of the Foundation.
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