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Ways to GiveCASH AND CASH PLEDGESMost of the contributions given to the Memorial Hospital Foundation are gifts of cash. We accept personal and business checks and money orders. Gifts of cash could allow you to have a deduction of up to 50% of your adjusted gross income.SECURITIESThe Memorial Hospital Foundation accepts gifts of securities (stocks and bonds). If you donate this type of gift that has increased in value and that you have held more than 12 months, you can avoid capital gains tax on the property transfer. Generally these gifts are tax deductible at the full fair market value of the stock.With changes in the stock market, you may hold stock that has decreased in value. Consider selling the stock yourself and taking a tax-deductible loss. The cash proceeds can then be given to the Foundation with a charitable gift tax deduction. We will provide you with stock transfer settlement instructions to give to your broker or agent. INSURANCEGifts of life insurance are an easy way to provide potentially large gifts for a smaller investment. The Foundation accepts paid-up policies as gifts when we are named as owner and beneficiary. This is required for you to receive a charitable gift deduction. It is also possible for you to make premium payments to us that qualify for tax deductions.ESTATE PLANNED GIFTSThrough a will, a living trust, gift annuity or one of a variety of charitable trusts you can make a gift that will give you lifetime control of the assets and then make a difference in the health care service available for patients of Shore Health System, after your death. Gifts through estate planning can create a legacy in honor of you, your family, your business or anyone special in your life.CHARITABLE GIFT ANNUITIESCharitable gift annuities offer many benefits to donors. A gift annuity is a simple contract that allows a donor to make a substantial gift to the hospital while receiving regular, fixed payments for the rest of his or her life and/or the life of a loved one. In a charitable annuity transaction, donors may transfer funds to the Memorial Hospital Foundation for more than fair market value in exchange for an annuity contract. The difference between what they receive for the property they transferred and what they could have received in the commercial annuity market represents their charitable contribution and is tax deductible in the year they fund the annuity. Gifts of cash for annuities also have unique tax deduction options.GIFT DIRECTIONSThe Memorial Hospital Foundation appreciates all gifts from patients, their families and friends and everyone in the Shore Health community. It is our goal to be certain we use your gift as you have directed. Unrestricted gifts allow us the greatest flexibility in meeting the needs of our patients. We encourage you to make your gifts as unencumbered as possible.For additional ways your gift can make a difference or to learn how you can establish an endowed fund that will permanently guarantee your wishes, contact the Memorial Hospital Foundation office. For additional gift ideas or to learn how you can establish an endowed fund that will permanently guarantee your wishes, please visit our giving website.
Our legal name is:
Telephone 410-822-1000 ext 5763 Professional Staff:Julia KilduffVice President, Philanthropy 410-822-1000x5509 jkilduff@shorehealth.org
Anne Smyth
Pat O'Shea
Janet Andrews
Debbie Gardner
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