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Redlands
Community Hospital Foundation
Serving the
Community Since 1980
How would you like
to have the opportunity to change a person’s life, possibly even
save it? That is what donors to the Redlands Community Hospital
Foundation can say. Created in 1980, the Redlands Community Hospital
Foundation was established for the sole purpose to raise funds which
is in turn granted to the hospital to help with special projects
that directly impact the quality of care our patients receive.
Many people do
not know that Redlands Community Hospital is not owned by a large,
parent corporation. Our Hospital remains a free standing, non-profit
hospital that serves nearly one million people in our region and has
done so since 1904. It is our desire to remain a true community
hospital that responds to the needs of our family, friends and
neighbors. Institutions such as our hospital do not succeed without
the support of contributors like you.
Links:
How to contact the
Redlands Community Hospital Foundation
Ways to Give to Redlands
Community Hospital Foundation
How to contact the Redlands Community Hospital Foundation
Mail / Phone
Redlands Community Hospital Foundation
350 Terracina Blvd.
Redlands, CA 92373
Phone: (909) 335-5540
Fax: (909)
335-6497
Staff:
Zachary D. Tucker, President
(909) 335-5565
zdt@redlandshospital.org
Louise Soterin, Foundation
Manager
(909) 335-5540
LSS1@redlandshospital.org
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Ways to Give to Redlands Community Hospital Foundation
Gifts to the Foundation can be made
from a number of different types of assets. Please feel free to call
on one of our Foundation staff members to help you understand all of
the ramifications of any kind of gift. We can provide you a
comprehensive analysis of any of the gifting vehicles listed below.
Outright Gifts:
Cash
A cash gift is the
simplest and most convenient way of making a charitable gift. Cash
gifts are fully deductible as a charitable contribution for federal
income tax purposes. The maximum federal income tax deduction
allowable in one year is limited to 50 percent of the donor’s
adjusted gross income. You are permitted to carry forward any unused
deduction amounts exceeding this limit for up to five additional
years.
Redlands Community Hospital and the Foundation
have been celebrating some significant milestones that are a perfect
opportunity for cash donations. The hospital recently celebrated its
centennial with a public celebration in November 2004. The
Foundation is currently celebrating its 25th year of
operation. Donors who would like to contribute in honor of these
milestones may choose to give $100 or $25 in the spirit of these
special occasions.
Securities
Gifts of
appreciated securities - stocks and bonds, can provide many tax
advantages to the donor. The full fair market value of the donated
securities is fully deductible as a charitable contribution for
federal income tax purposes. The maximum deduction in one year is
limited to 30 percent of the donor’s adjusted gross income and, like
with cash, any unused deduction amounts exceeding this limit can be
carried forward for up to five additional years. One of the unique
tax saving features of the donation of stock is the donor does not
pay federal capital gain taxes on the appreciated portion of the
security.
Real Estate
A gift of real
estate can provide many of the same tax advantages as a gift of
appreciated securities. Contributions of real estate can be complex
and take some time, but this should not deter a donor from
considering such a gift. Since each gift of real estate is unique, a
Foundation staff member can assist you in navigating through the
process.
Personal Property
Gift of personal
property, such as artwork, that can be used in the furtherance of
the Hospital’s mission are welcome.
Life Insurance
A gift of life
insurance, either through a current policy or the creation of a new
policy, is another way to make a substantial contribution to the
Foundation. Donors can receive federal income tax deductions for
items such as the cash value of the policy and premiums paid each
year.
Bequests:
Bequests are
donations made through wills or trusts, and are transferred after
the death of the donor. A bequest can be a specified dollar amount
or a percentage of the donor’s estate.
Will or Living
Trust
Many donors
include a bequest to the Foundation in their wills or living trusts.
Nearly 8% of money giving in the United State comes to charities in
this manner. The gift can be a specified dollar amount or a
percentage of the donor’s estate. Donors can minimize federal income
and estate taxes by utilizing this planning technique.
Retirement Plans
Using IRAs and
other retirement plan assets provides the donor a number of
significant financial and tax advantages. Unlike many assets,
retirement plan assets are potentially subject to both income and
estate taxes. Naming the Foundation as the beneficiary of a
retirement plan can eliminate estate and income taxes, if the gift
is structured properly. Examples of retirement include IRAs, 401 (k)
plans and profit sharing plans.
Life Income Gifts:
Many times,
creating a charitable portion of one’s estate plan can serve two
desires – making a difference and maintaining income. A donor can
make an irrevocable transfer of assets to the Foundation and in
return a specified beneficiary (the donor, a spouse, children or
friends) receives a payment for a period of time or for their
lifetime. Upon the death of the beneficiary, the assets are used by
the Foundation to support the needs of the Hospital. The donor
receives a current income tax deduction for the remainder value of
the charitable gift. Some examples of these gifts include the
following:
Charitable
Remainder Trusts
This charitable
trust can be funded with assets such as cash, securities or real
estate. Once the property is transferred to a trust, it pays the
beneficiary either a variable income equal to a fixed percentage of
the trust’s fair market value as determined each year or a fixed
annual amount. Upon the death of the beneficiary, the Foundation
receives the remaining assets that will be used to benefit the
Hospital. The Foundation is willing to serve as the trustee or
successor trustee of your charitable remainder trust.
Charitable
Lead Trusts
A Charitable Lead
Trust is the opposite of the Charitable Reminder Trust. These trusts
are usually funded with an appreciated asset that the donor is
reasonable sure will continue to increase in value and/or produces a
good stream of income. With this trust, income is provided to the
Foundation for a specific period of time. At the termination of the
trust, the remaining assets are distributed to the donor or others
designated by the donor. Donors can reduce their estate taxes as
well as pass assets to others, sometimes at a discounted value.
Charitable
Gift Annuities
Usually funded with cash or marketable securities, donors contribute
their assets to the Foundation in exchange for a commitment to pay
the donor or other beneficiary, a specified annual amount for the
remainder of the beneficiary’s life. The amount received by the
beneficiary is determined by age and is not negotiable
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