Our staff is available to work with the donor’s financial advisers in order to fulfill the donor’s philanthropic intent and to develop a successful gift to benefit the healthcare needs of our community. View our general information needed when making a charitable gift.
A gift in the form of cash, checks or credit card is the simplest and most immediate way people contribute to Powell Medical Foundation. Cash gifts may also be pledged over a number of years.
Many employers have matching gift programs through which your generosity to Powell Medical Foundation can be multiplied. Check with your human resources office to see if your company offers matching gifts to nonprofit agencies.
What better way to honor a loved one and support Powell Medical Foundation than through a gift in that person’s name? A commemorative gift can be made to any program or campaign of the foundation in memory of or in honor of any individual. Your gift is a caring expression for someone who has been very special to you. In honoring this special person’s memory, you are helping our hospital continue a tradition of excellent, compassionate care for every patient we are privileged to serve. Notification is sent to the honoree—or to the family in the case of a memorial gift. The amount of your gift will not be mentioned.
Gifts of appreciated securities may offer substantial tax advantages to the donor. These include forgiveness of the tax on capital gains and an income-tax charitable deduction for the fair market value of the securities. You may transfer these gifts directly.
Planned gifts are made by individuals who want to ensure the financial future of the hospital today and into the future. These gifts usually are made by means of a financial or estate plan and often involve the use of gift instruments such as bequests and wills, life income trusts, life insurance policies, real estate gifts, a designation from a retirement plan, or other types of planned gifts. Including Powell Medical Foundation in your estate planning can provide you with important tax benefits now and in the future. Your planned gifts also give you the satisfaction of supporting improved healthcare for yourself, your family and your community.
Bequests and wills
For many donors, a gift through their will is the best way to make a substantial contribution to Powell Medical Foundation. Anyone with assets can make a bequest. If you have included Powell Medical Foundation in your will, please let us know so that we may properly acknowledge your gift. However, if you wish, your information will be kept in strict confidence.
Life insurance and real estate
Gifts of real estate or life insurance may be easy ways to make a substantial gift. A life insurance policy may establish Powell Medical Foundation as the beneficiary whether it is paid up, is partially paid up or is a new policy. These gifts and other gifts in-kind provide tax advantages but may require independent appraisals to meet IRS guidelines.
Retirement plan assets
Naming Powell Medical Foundation as the beneficiary of an IRA, 401K, Keogh or other retirement plan can result in favorable estate tax deductions.
We recommend that individuals consult with their own tax or legal advisers prior to making a planned gift. The Powell Medical Foundation is a non-profit organization, and your gift is tax-deductible to the full extent of the law. The Powell Medical Foundation is a 501(c)3 organization with a tax-exempt identification number of 74-2275540.