Ways to Give to the LMC Foundation
Your gift to the LMC Foundation will make a difference in the lives of patients now and in years to come. Contributions to the Foundation directly benefit LMC programs and community projects. Your gift is tax deductible to the full extent of the law.
Memorials and tribute gifts
Gifts in memory of a family member or friend, in honor of an individual or in recognition of a special occasion provide a special opportunity for giving. Make your check payable to LMC Foundation and note the name of the person you would like to honor. You may designate the gift to a specific area. It is our policy to notify the honoree’s family that a gift is made. Please include the family’s name and address if you would like us to do so.
Will bequestt
Remember the Logan Medical Center Foundation with a bequest in your will. Make an impact on healthcare that goes beyond your lifetime. Your bequest will qualify for an estate tax charitable deduction. When you make a bequest, we urge you to consult your attorney and other advisors, as well as members of the Foundation.
Stock/securities
Gifts of appreciated securities may offer substantial tax advantages to the donor, including, avoidance of the capital gains tax, and an income-tax charitable deduction for the fair market value of the securities. The full value may be used to offset up to 30 percent of your adjusted gross income. Any part of the gift that exceeds the 30 percent threshold may be carried forward for up to five additional years.
Life insurance
Make a significant gift by naming the LMC Foundation as a beneficiary and assigning ownership of the policy to the Foundation. With this method of giving, a major gift may be made with only a modest annual payment. In addition, you can secure a valuable income tax deduction.
Property
Give property such as real estate, life insurance, works of art, jewelry, rare coins and stamps, book collections, livestock and crops. These gifts provide tax advantages and may require independent appraisals to meet IRS guidelines.
Matching gifts
Many employers have matching-gift programs through which your generosity to Logan Medical Center can be multiplied. As a non-profit institution, LMC is eligible for many matching-gift programs of corporations, foundations and other organizations. Check with your employers to find out if your company has a matching gift program.
Restricted and unrestricted gifts
Designate your gift be used for a specific need or you can allow us to apply your donation to meet the Foundation’s most urgent needs. If you wish to designate your gift for a specific purpose, we ask that you contact us to be sure we’ll be able to carry out your wishes.
Endowments and spendable funds
Endowments are permanent legacies that provide for donor recognition, as well as vital support in perpetuity for the hospital. The principal of your endowment gift is invested by the Foundation, a non-profit entity supervised by a group of investment professionals. For a named fund, LMC has established minimum levels of giving.
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