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Further Information
There are many other giving options available to our donors. If you have questions about making a pledge, naming us as a beneficiary of your estate, transferring securities or setting up an income producing gift, the staff of the Providence Foundation is always available to help guide you through the giving process. Please contact the Foundation at (251) 639-2050 or by email.
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Providence Hospital Foundation
Post Office Box 850429
Mobile, AL 36685
© 2006, Providence Hospital Foundation |
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Types of Gifts
Through the generous financial support of friends such as yourself, Providence Hospital Foundation has been able to assist Providence Hospital in providing the most advanced services in area health care. With the assistance of Providence’s friends, Mobile area residents have come to depend on the quality service furnished by this hospital. There are many types of giving arrangements, options include:
Outright Gifts
You may make a monetary gift by check or major credit card in whichever way works best for you. Online, by mail or by telephone at 251-639-2050. These gifts may be designated for general or specific use.
Annual Appeal
Providence Foundation conducts an annual appeal to support the needs of Providence Hospital. To participate please contact the Foundation.
Bequests By Wills and Estate Gifts
Bequests and charitable trusts are popular forms of estate gifts which provide notable tax benefits to donors. Although estate gifts should be discussed and reviewed by an attorney, Providence Hospital Foundation will gladly provide a representative to discuss donations with the benefactor and his/her advisors.
Pooled Income Fund
A common trust fund operated by the Foundation and managed by a local bank, the Pooled Income Fund provides an investment opportunity for benefactors. In this arrangement 100% of the annual earnings from the investment are paid to the donor and/or another named beneficiary in quarterly payments. Unlike other trust arrangements, there is no guaranteed or minimum payment. Using appreciated properties or securities, the donor can fund the investment without paying capital gains tax. When the last named beneficiary is deceased, the amount of the donor’s principal investment becomes the property of Providence Hospital Foundation.
Pledges
Donors have the option of pledging gifts payable to the Foundation over multiple-year periods. The most commonly used pledges range from three to five years. For details please contact the Foundation.
Gifts of Real Estate
An individual can contribute to the Foundation and qualify for a charitable deduction by making an outright gift of his/her residence or real estate. With this gift, the donor avoids paying capital gains tax on the appreciated portion of the property.
Gift Annuities
This type of arrangement provides the donor with a fixed dollar payment every year of a predetermined umber of years in return for a gift to the institution. A gift annuities committee, representing more than 700 institutions that issue gift annuities, sets the rate on monetary contributions. A gift annuity is partially tax exempt and can meet income or security needs.
Memorial Gifts
Any of the aforementioned gifts may be made in memory of relatives or friends, and acknowledgement of the memorial gift will be sent to the family of the deceased.
Other Gifts
Other types of gifts, such as securities and life insurance benefits, are gladly accepted and appreciated. In fact, many employers provide matching gift programs and will work with their employees making donations. The Foundation recommends consultation with donors desiring to make any of the above types of gifts.
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