Outright Gifts
Immediate gifts are the simplest form of support for Carondelet Health Network and can be put to use immediately. Cash gifts are deductible up to 50 percent of your adjusted gross income for the tax year. Any excess is deductible over the next five years.
Cash gifts consist of cash, checks, money orders, bank drafts, electronic fund transfers and credit cards.
Tribute Gifts
…To Remember Your gift in memory of a loved one is a lasting memorial. At a time of loss and sadness, it is a way for you to show love and respect, and to offer hope for the future. Your memorial gift to the Foundation is a meaningful remembrance. You can invite others to give by including these words in the obituary notice: “In lieu of flowers, contributions may be made to Carondelet Foundation, 120 N. Tucson Blvd., Tucson, AZ 85716-4740.”
…To Honor You can make a tribute gift to recognize a special occasion or accomplishment such as a birthday, marriage, graduation, or recovery from illness. You can express your thoughtfulness at holiday time, a wedding anniversary or the birth of a child. These gifts may bestow an honor on a caring, compassionate physician or nurse, and employers could use them to recognize employees on special occasions.
Tribute Gift Acknowledgement
We will acknowledge each memorial or tribute gift with a card sent to the person, or to the family of the person, in whose name the gift was given. Gift amounts remain confidential.
As the donor, you will receive a separate acknowledgement as all gifts to Carondelet Foundation are tax deductible to the extent permitted by law.
Matching Gifts
Many corporations will match in full or partially any charitable gifts made by their employees. If you or your spouse qualifies, your gift may be matched by your employer thereby doubling its value to Carondelet Health Network. For more information, contact your Employee Relations/Human Resources Office about eligibility and how to request a matching gift.
Planned Gifts / Estate Gifts
Donors often include Carondelet in their estate and financial plans. These gifts provide for the mission of Carondelet Health Network well into the future. Planned gifts offer tax and income advantages to donors and benefit Carondelet. For example, gifts of long-term, appreciated property and retirement assets may allow donors to avoid paying capital gains and other income taxes while contributing the full value of their asset. Other gifts, such as charitable remainder trusts, gift annuities and gifts to Carondelet Foundation's pooled income fund, allow beneficiaries to receive a lifetime of income in return.
Stocks, Bonds or Mutual Fund Shares
To make a gift of appreciated securities, transfer the securities to Carondelet Foundation. Do not sell the securities first. The value of your gift is determined in accordance with IRS regulations. The value of the securities is the average of the high and low price of a security on the date of transfer to a Carondelet Foundation account. For certificates that are mailed, the value is determined as of the postmarked date, or if delivered to the Foundation, by the receipt of the properly endorsed certificate.
Broker Transfer
Carondelet Foundation has accounts with most major brokerage firms in Tucson and will work with your broker to facilitate your gift and the sale of the security. Ownership of your stock may be transferred electronically. You should notify your broker of your intentions and ask them to contact Carondelet Foundation for detailed information.
Mailing a Certificate
A stock certificate may be mailed to Carondelet Foundation. To protect your gift, mail the unsigned certificate in one envelope and send a signed stock power in a separate envelope. The form must be signed exactly as the name appears on the certificate, with the signature guaranteed. Certificate and form should be sent by certified mail.
Bequests
Following are examples of how to name Carondelet Foundation as a full or partial beneficiary of your estate. Consult with your personal, financial or estate advisor.
| OUTRIGHT BEQUEST |
I give to Carondelet Foundation, Tucson, Arizona, the sum of $___________ (or if property, describe).
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| PERCENT BENEFICIARY |
I give to Carondelet Foundation, Tucson, Arizona, ______% of my estate.
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| CONTINGENT BEQUEST |
If the above named beneficiaries should predecease me, then I give the same to Carondelet Foundation, Tucson, Arizona.
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| BEQUEST OF RESIDUE |
I give all the rest of my property to Carondelet Foundation, Tucson, Arizona.
|
Charitable Gift Annuity
The donor irrevocably transfers cash, appreciated securities or other marketable assets to Carondelet Foundation in exchange for a fixed annuity payment for life and/or a second beneficiary. The donor receives a current income tax deduction based on the present value of the gift. The annuity payment is calculated on the value of the asset, number of beneficiaries (one or two) and the life expectancy of the beneficiaries. Life income beneficiary must be 50 years of age or older. Contact Carondelet Foundation for detailed information.
Deferred Gift Annuity
This gift type is similar to a Charitable Gift Annuity, except the payments are deferred to a future date. The longer the deferral period, the greater the payout and charitable deduction will be. This is an excellent gift vehicle for individuals who wish to delay the income or younger individuals wishing to supplement future retirement income while obtaining the largest charitable deduction now. Contact Carondelet Foundation for detailed information.
Charitable Remainder Unitrust or Annuity Trust
The donor irrevocably transfers cash, or appreciated securities or other marketable assets to Carondelet Foundation in exchange for payments for life and/or a second beneficiary. Upon the death of the beneficiaries, the trust assets become the property of Carondelet Foundation. The donor receives a current income tax deduction based on the present value of the gift.
If the gift established is a Charitable Remainder Unitrust, the payments are a fixed percent calculated annually on the fair market value of the trust assets. If it is a Charitable Remainder Annuity Trust, payments will be a fixed percent calculated on the value of the asset at the time of the gift. The number of beneficiaries and the life expectancy of the beneficiaries also determine the amount of the payments.
A donor may also establish a Charitable Lead Trust which is the same concept as a Charitable Remainder Unitrust except that the donor will name a charity to receive the annual distribution for a predetermined period time up to 20 years after which the distribution reverts back to family or other beneficiary.
Consult with your personal, financial or estate advisor or contact Carondelet Foundation for additional information
Life Estate Gift
A donor may make a gift by deeding their home to Carondelet Foundation and retaining the right to live in and enjoy their home for life with survivor rights. The donor(s) agree to maintain the home and pay property taxes and insurance. This gift provides the same estate tax benefits as a gift by will. In addition, probate costs are saved. If the donor becomes unable to remain in the home or maintain it, the remainder value of the gift may be converted to a Charitable Gift Annuity to provide current income. Consult with your personal, financial or estate advisor or contact Carondelet Foundation for additional information
Life Insurance
One way to make a charitable gift to Carondelet Foundation with minimal effect on your current financial status is to name Carondelet as a beneficiary of a life insurance policy that you own. Although the donor receives no tax deduction for the value of the insurance policy, the annual premiums may be used as a tax deduction. The proceeds are not taxable to the donor’s estate. Also a donor may name Carondelet Foundation as a primary, contingent or additional beneficiary of a policy. Under these circumstances, the proceeds of the policy are included in your estate at death; however, your estate will receive a charitable deduction. Contact Carondelet Foundation for additional information.
Beneficiary on Account
An easy way to make a gift is to designate Carondelet Foundation as a beneficiary on a bank account or IRA. These are called Transfer on Death (TOD) or Payable on Death (POD). As these amounts will be removed from your total estate, there will be a reduction in your taxable estate and are not part of the probate process.
For more information, call (520) 873.5006.