Philanthropy
Ways to Support Bradley Hospital
There are many ways of giving, now and in the future, that enable
you to meet your philanthropic objectives while also helping to
ensure that Bradley Hospital will always be able to deliver the
highest quality care to children and their families. For
more information about these or other ways to support Bradley Hospital,
please call Sheryl Ramos, development coordinator, at 401-432-1446.
Outright Gifts
An outright gift is the simplest, most direct way to support Bradley
Hospital. A gift of cash, appreciated securities, personal property,
real estate, life insurance, or other assets to the Bradley Hospital
Foundation supports our service mission. Charitable gifts are tax-deductible
to the extent allowed by current law.
Memorial/Honor Gifts
This is a meaningful way to honor the memory of someone who has
touched your life. Families often specify that memorial contributions
be made to the Bradley Hospital Foundation. A gift in honor of someone
recognizes that person while he or she is living.
Naming Opportunities
There are opportunities starting at $10,000 for donors to name
areas and programs within the hospital as a tribute to a loved one
or other honoree.
Life Insurance
If you own a paid-up life insurance policy that you no longer need,
you might make the Bradley Hospital Foundation the beneficiary and
then transfer ownership of the policy to the foundation. Your charitable
deduction will be about equal to the cash value of the policy on
the day you transfer ownership. If you wish to retain ownership
of the policy, you may name Bradley Hospital Foundation as a percent
beneficiary.
Income-For-Life Gift Plans
There are three general ways to make a gift to the Bradley Hospital
Foundation and receive income from doing so:
- The Charitable Gift Annuity
- A simple, two-page agreement that provides an income-for-life
for one or two people that is based upon the age of the donor
or donors when the gift is made. There are no fee or commission
costs to the foundation. Part of the donor's annuity payments
is free of income tax for a period of years. The annuity starts
immediately and is paid regardless of residence or health status.
Gift annuity payments are backed by the entire assets of Bradley
Hospital.
- The Deferred Income Charitable Gift
Annuity - Think of this as your own "charitable
IRA."A gift annuity is funded once, and the donor specifies
in what year they wish their annuity payments to commence. This
is a creative and fee-free way to safely diversify retirement
income while making a gift to Bradley Hospital.
- Charitable Remainder Trust
- Assets are transferred to a specially created trust, and you,
or the beneficiaries you name, receive an income for life or for
a term of years. Significant tax advantages apply, especially
when the trust is funded with an appreciated asset. When the income
is no longer needed, the trust is transferred to the Bradley Hospital
Foundation in your name or the name of a loved one.
Real Estate
Personal or excess real estate can be given to the Bradley Hospital
Foundation. Gifts can be made outright during your lifetime, to
fund a life income gift, through your will, or you can donate property
now, while retaining the right of use for the rest of your life.
Charitable Lead Trust
Similar to the charitable remainder trust, charitable lead trust
income is donated to the Bradley Hospital Foundation. At the termination
of the trust, the assets revert to the donor or his or her family
beneficiary.
Bequests
For many donors, a gift made through a will is the best way to
leave your charitable legacy to Bradley. Once your loved ones are
provided for, consider putting Bradley Hospital Foundation in your
will for a specific amount or remainder. Please contact us for suggested
bequest wording to share with your attorney the next time you update
your will.
For more information about these or other ways to support
Bradley Hospital, please call Sheryl Ramos, development coordinator, at 401-432-1446. All
information is kept confidential. The Bradley Hospital Foundation
encourages you to discuss your gift intentions with us, as well
as your legal or financial advisors.
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