Ways to give
Share the commitment for generations to come!
Quality local healthcare is critical for our families and community. At one time in our lives most of us or someone we love, has been cared for at Lincoln Hospital or at one of our clinics.
We realize the valuable asset we have with a hospital in our community, and we are committed to making sure that our children, and the many generations to follow, will have that same access to life-giving care.
Invest in your future
There are several ways to accomplish charitable giving under current tax regulations. When you begin planning, you should consult an attorney, CPA, or another tax professional. The Lincoln Hospital Foundation is a 501(c)(3) corporation. Gifts to the foundation are tax deductible to the extent allowed by law.
All gifts may be designated for a specific purpose, department, or project. Unrestricted donations will be applied to the areas of greatest need at the time of the donation. One hundred percent of your gift to the foundation is used for healthcare improvements. The foundation does not use any portion of your gift for administrative expenses.
A planned (deferred) gift could be larger than you might be able to afford as an outright gift. This may enable you to play a significant role by helping the foundation strengthen healthcare services and the center's medical programs and plans for the future.
Gifts of cash
Most contributions to the foundation are gifts of cash.
An irrevocable gift of a life insurance policy naming the Lincoln Hospital Foundation as the owner and beneficiary presents a very appealing way of making an outright charitable gift.
You may give property to the foundation and deduct the fair market value as a charitable contribution.
Gifts in trust
A lifetime gift with retained income benefit to the donor, or other beneficiaries named by the donor, is an ideal method of obtaining both an immediate tax deduction and a later estate tax deduction. Appreciated property is an attractive funding strategy for a charitable remainder trust since capital gains taxes will be avoided when the property is sold by the trust at a later date.
A bequest is an instruction in your will that a certain portion of your estate be given to a named beneficiary. Charitable bequests to the foundation allow you to extend your support beyond your lifetime. A gift through a will is the most common deferred gift. It is a means of providing a meaningful gift without diminishing assets during a donor's lifetime.
One of the most advantageous ways of giving can be a gift of appreciated securities. Gifting appreciated securities and IRA's held more than 12 months may entitle the donor to a deduction. Consult your tax professional for specific tax law application.
A gift of tangible property related to our exempt function may be deducted at fair market value without the payment of any capital gains tax on the appreciation, provided the property has been owned for more than 12 months.
Gifts in memory
All gifts can be given in memory of a friend or loved one.