We Can’t Do It Without You
Today we share a vision for the future of Highlands Foundation that will last long beyond the days in which our individual footsteps are heard in the halls. Today, we rally to support a project crucial to the future of the future of Jackson County and the surrounding communities and to Highlands Foundation. All who know and love Highlands Medical Center and its affiliates are called upon to participate with generous enthusiasm in this Community Awareness Campaign to build understanding of the need to bring MORE cutting edge technologies, new equipment and better health care education to Jackson County. Your gifts to this Campaign are very much needed.
Ways to Give Today
The following details how you might financially support the Highlands Foundation Community Awareness Campaign. Your support is very much appreciated, however you choose to contribute. Donors may choose to make significant gifts to the Highlands Foundation Community Awareness Campaign in a variety of ways, including a pledge over a three, four or five year period.
PLEDGES: Give a gift in support of the Campaign over the course of three to five years on a payment schedule of your design.
CHECK (CASH): Every dollar you give to the Highlands Foundation is tax deductible up to the maximum of 50% of your adjusted gross income. Any amount given in excess of this limitation can be carried over and deducted for up to five subsequent years.
MATCHING GIFTS: Many corporations recognize the support of a nonprofit organization by an employee or other eligible individual. If your business fits this category, Highlands Foundation will award you Campaign credit for both your gift and its match.
GIFTS OF APPRECIATED STOCKS AND BONDS: If you have marketable securities that have grown substantially in value, the tax laws make it possible for you to make an important gift at remarkably low, after-tax cost. To make direct gifts to the Foundation and gain significant tax advantages, notify your broker or banker.
CLOSELY HELD STOCK: Contribution of shares of stock in a closely held corporation allows the owner to avoid having the gift recognized in the form of dividends, for taxing purposes. Even though the corporation makes the contribution, the individual is entitled to a charitable tax deduction in relation to the percent ownership in the business.
PERSONAL PROPERTY: “Hidden assets”, such as antiques, paintings, jewelry and other “collectibles”, may be valuable assets that you no longer feel the need to retain and can be gifted with tax advantage.
LIFE INSURANCE: Another common “hidden asset” for giving is a life insurance policy that is no longer needed for its original purpose. The cash value of the policy is immediately available for tax deduction purposes.
REAL ESTATE: Donated real estate may include vacation homes, farms, second home, inherited or unneeded property, acreage or lots. This type of donation allows you to avoid capital gains tax on your profit and receive an income-tax deduction of the full, fair market value of the property.
FARM PRODUCTION: Make a generous gift to the Highlands Foundation Campaign by donating crops such as corn, wheat, soy, bulk milk or livestock.
Ways to Give Tomorrow
Planned or deferred gifts made to Highlands Foundation are invaluable to its long-term goals. The Foundation encourages you to establish a Planned Gift in conjunction with your gift in support of this Campaign.
PLANNED GIFT: In addition to supporting Highlands Foundation Campaign with your gift today, you can endow the future of the Foundation by giving a small or large planned gift. Long after this Highlands Foundation Campaign is completed, your planned gift will endow the Foundation to fund future capital needs.
BEQUESTS: Provide meaningful and substantial support by a provision in your will for Highlands Foundation, while retaining full use of the gift property during your life. Bequests may be a lump sum, a percentage of your estate, what’s left in an estate after all other obligations are met or a particular item or piece of real estate.
LIFE INSURANCE: Receive immediate and long-range income estate tax benefits by naming Highlands Foundation as the irrevocable beneficiary and owner of a life insurance policy. If you elect to do so, you may continue paying what becomes tax deductible premiums. The full value of the policy, with no reduction for the estate tax, will come to us for the benefit of future generations served by Highlands Foundation.
CHARITABLE LEAD TRUSTS: To transfer wealth in a tax-advantaged manner, create a trust that produces income payable to Highlands Foundation. After what is usually a ten-year term, your trust assets are then passed to your family or others.
CHARITABLE REMAINDER TRUST: Create a trust in which you place money or property with instructions to pay you or another person income, in most cases for life. The income will be a set percentage of the trust’s value. When you or the person receiving the income passes on, the “remainder” of the trust passes to Highlands Foundation.
LIVING TRUST: Maintain ownership of your assets during your lifetime and make provision to distribute them to Highlands Foundation after you pass on. If you wish, the Highlands Foundation benefit can be deferred while lifetime benefits are paid to a spouse or another person.
GIFT ANNUITY: You can make a gift for the future benefit of Highlands Foundation and retain fixed lifetime annuity payments for yourself or other beneficiaries. After the death of the last beneficiary, the principal goes to Highlands Foundation.
LIFE ESTATE: Transfer property to Highlands Foundation even as you retain your rights of use or income privileges. The property passes to the Foundation after the death of the last beneficiary.
As You Consider Your Gift
Highlands Foundation appreciates your generosity and recommends consulting with either legal or financial counsel to best protect your interests as you prepare to make your gift to the foundation.
Smaller acceptance of real estate offers is the ultimate decision of the Board of Directors of Highlands Medical Center. The Board of Directors has the discretion to award foundation credit if you choose to make a planned gift in lieu of a foundation gift.