How You Can Help
Ways to Give
Your support is vital for Archbold Medical Center to maintain the scope and highest quality of medical care now available in this area. There are a variety of ways to express your support of healthcare through the Archbold Foundation. Donations may be made to the Archbold Foundation by clicking on the GIVE button for online giving or by printing out a donation form and mailing to the Archbold Foundation. Tribute books with donation pages that can be mailed in may be requested by emailing the Foundation at email@example.com.
Any gift to Archbold Foundation can be made in honor or in memory of a loved one, friend or business associate. In this way, your gift becomes a lasting tribute to that person. Contributions are often given:
- In memory of a loved one, friend or business associate.
- To cheer someone who is ill.
- To honor a birthday, anniversary or other important occasion for a relative or friend.
- As an outright gift from an individual, family or business.
- Honor/ Memorial gifts can be made by contacting the Foundation office.
Contributions to the Archbold Foundation become a part of the endowment fund unless otherwise designated by the donor. Endowment gifts are carefully invested by the Foundation board of trustees and a portion of the income from the endowment is distributed each year to areas within Archbold where the need is greatest.
Each gift made by a donor to the Foundation endowment is tax deductible within the limits set by law.
Donors can choose a specific area or program to designate gifts through the Archbold Foundation. Gifts can be designated, for example, to the Archbold Scholarship Program, Hospice of Southwest Georgia , Lewis Hall Singletary Oncology Center or other programs. All gifts for these areas are made through the Archbold Foundation.
Gifts of Cash
The majority of gifts to the Archbold Foundation are in the form of cash, usually by check. Cash gifts are deductible for federal income tax purposes up to a limit of 50 percent of your adjusted gross income if you itemize deductions. Where cash gifts exceed this limit, you may carry over the excess for up to five additional years.
Gifts of Stocks and Bonds
Many donors make outright gifts and pledges in the form of appreciated securities, rather than cash, which may offer extra tax advantages including avoidance of a capital gains tax that you would owe if you sold the securities. If you contribute the securities to the Archbold Foundation, you are entitled to a charitable income-tax deduction for the full value of the gift, provided you have owned the securities for 12 months or more.
Gifts of Real Estate
Many types of real estate can make a valuable gift to Archbold Foundation including: a primary residence, farm, vacation home, commercial building, or an undeveloped parcel of land. You can even contribute your residence now and still reside in it for life.
When you contribute a gift of real estate, you are entitled to an income tax deduction in the amount of the appreciated value of the real estate. You also avoid estate taxes on the appreciated asset.
Archbold is able to accept real estate that is: free of debt or liens, free of hazardous waste and environmental concerns and free of donor conditions.
Gifts Through Bequests
Every gift is important at Archbold and gifts both large and small can be made through a bequest. This can be an important way to associate yourself forever with quality healthcare in your community even if your are unable to contribute capital during your lifetime.
Archbold Foundation welcomes bequest gifts. If you would like a sample of bequest language, please contact the Foundation office. The value of the bequest is deductible for estate tax purposes, and there is no limit on the amount of the deduction.
Gifts That Provide Income
You can give an income producing asset to the Archbold Foundation and still retain an income for your lifetime. There are several ways this can be done, but all have the following things in common:
- Income for life paid to you and/or another beneficiary, such as your spouse.
- Increased income if a gift is made to a life income plan that produces a higher yield than the donated asset.
- An immediate federal income tax deduction for a portion of the value of the gift; and
- Elimination of capital gains tax at the time of transfer if the asset is in the form of securities or real estate that have appreciated in value.
Please contact us to discuss with you the various options you may wish to consider.
Gifts of Personal Property
In planning your estate you need to know that valuable tangible personal property, such a works of art, may be subject to estate taxes. If you donate these items during your lifetime, you can reduce your taxable estate and reduce your taxable income in the year of the gift.
If you make a gift of tangible property to Archbold, you are entitled to an income tax charitable deduction amounting to the property’s full, fair-market value, provided the use of the object is directly related to Archbold’s tax-exempt functions. If the property cannot be used directly by Archbold, your tax deduction is the lesser of the property’s original cost or the fair market value.