Planned Giving

Planned Gifts

Planning a gift to Southwest General enables you to help us continue our mission while creating financial benefits for yourself and your family. Depending on the planned gift, you can expect some or all of the following benefits, as your contribution will help you to:

• Fulfill philanthropic goals
• Reduce income tax and possibly avoid capital gains tax
• Retain a stream of income for your life
• Increase spendable income
• Eliminate potential federal estate tax
• Reduce costs and time in estate settlement
• Leave a legacy of caring for future generations
• Achieve recognition in our Sprague Haven Society

You can take advantage of the following vehicles as you direct your planned gift:

• Cash
• Securities and real estate
• Tangible personal property
• Sprague Haven Society - A distinguished group of donors who have included Southwest General in their will, trust, retirement plan, life insurance policy and/or other estate plans. A membership can be obtained by establishing an endowment fund or charitable gift annuity. Many long-time friends and supporters have joined the Sprague Haven Society. By making a special Sprague Haven gift, donors can rest assured that patients today, and for many generations to come, will receive continued high quality care.
• Gift annuities - Charitable gift annuities are a reliable way to receive fixed income and avoid drastic changes of the stock market. Participants receive fixed quarterly payments with a high rate of return guaranteed for the rest of your life. This special gift gives you the peace of mind knowing that your rate of return never changes, unlike securities. You can receive additional retirement income and assist with the diversification of your financial portfolio. Ultimately, you will make a difference in the lives of the future patients and families at Southwest General. Chairtable gift annuity rates generally start at five percent and go up to 10.5 percent; rates are dependent on your age.

Take Advantage of Tax-Free IRA Gifts

The Southwest Community Health Foundation is pleased to announce that Legislative Bill H.R. 2029 has been voted into permanent passage.

H.R. 2029 includes a number of important tax provisions, several of which affect charitable giving. Most notably, this reinstates the IRA Charitable Rollover provision originally enacted into law in 2006, and removes any expiration date on the provision, thereby permanently extending the Rollover into the future. The legislation does not provide any expansion of the current law IRA Rollover provision at this time.

What does this mean for you?

Eligible donors (age 70 ½ +) may donate up to $100,000 annually to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income. Individuals no longer have to wait to see if this will be renewed annually and can plan ahead to fulfill their required minimum distribution and eliminate negative tax penalties through a transfer made directly from their IRA.

Consult with your financial planner or tax professional to find out how you can use your IRA to support the Southwest Community Health Foundation. For more information please contact the Foundation staff at (440) 816-6713.