Why People Give

They want to make the world a better place. They want to be remembered. They want to repay a favor.  They want to help maintain, or even expand local services. They want their children to enjoy a standard of living at least as good as theirs. They feel that donating to a charity is good business.

1. Gifts of Cash: occasional or regular, are the main source of revenue for all charities. These gifts provide Donors with tax receipts for the current year and require little commitment for the future.

2. Gifts In Kind: property, bonds, etc., also provide current tax receipts, pending evaluation of the property, which could be as large as real estate or a smaller item such as a wheelchair that the Donor no longer requires.

3. Bequest: is one of the easiest methods to establish. It is part of the Donor’s will, and can be revoked at any time. His/her capital remains accessible, but tax benefits occur only for the estate after death.

4. Life Insurance: allows the Donor to give much more to a charity than would otherwise be possible. Without interfering with your family’s inheritance, you can provide a large, separate gift to FCHS Foundation. This helps to guarantee the future of the hospital and reduces its fund-raising expenses. The premiums are tax deductible. 

5. Wealth Replacement Life Insurance: The Donor makes a present or deferred gift to FCHS while living, then purchases life insurance to replace the value of this gift on death to his/her heirs. Tax benefits apply during the Donor’s lifetime, making this an attractive option. Also, there is no tax on the benefits to the heirs at the time of death. 

6. Annuities: are an interesting way of providing money for a charitable donation while providing you with a guaranteed income for life. An annuity is one method of accomplishing this. If you receive interest income now, or anticipate a “wind-fall” in the future, and are sure that you will never need the capital, it may be possible to donate a sizeable amount to FCHS Foundation and still enjoy the same after tax income that you receive for interest.

If you are considering a Planned Giving strategy, advice from your lawyer, financial planner, or insurance professional is crucial. They will be able to assist you in setting up a plan that is best for you. If your financial advisor wishes some information to assist you, please encourage them to contact the Foundation office.