Ways to Give
IU Health White Memorial Hospital Employee Payroll Deduction Form
Your gift can make a significant impact on the future of the healthcare in this community. By making a gift to IU Health White Memorial Foundation, you will help sustain growth, and support the local Hospital to ensure it is providing preeminent care to the communities it serves. We ask you to consider your gift to IU Health White Memorial Foundation as a means to honor or in memory of a family member, or a nurse or caregiver who made a difference in your Hospital experience.
There are several ways you can support IU Health White Memorial Hospital. Tribute gifts and monetary donations can be mailed directly to IU Health White Memorial Foundation. Or, you may wish to consider planned giving by making a bequest in your will, annuities, trusts, and investment income contributions.
A bequest is the most common form of deferred giving. It can give you peace of mind to know your final wishes will be honored, loved ones will be provided for and your commitment to the future of IU Health White Memorial is documented. A bequest is made by naming the Foundation in your will.
Gifts of Retirement Assets
A gift of retirement assets is an excellent way to support IU Health White Memorial and may provide significant advantages to you and your heirs. By naming the Foundation as the primary beneficiary of your retirement assets, you are potentially saving substantial income and reducing estate taxes, for which your heirs would be responsible. You can also realize savings by naming a specific amount to be gifted to the Foundation with the remainder going to your family. You can implement your wishes by simply advising your plan administrator of your decision and signing the required form.
Charitable Gift Annuities
This gift plan allows you to transfer cash or marketable securities to the Foundation in exchange for a contractually guaranteed schedule of fixed-income payments, usually based on the ages of the beneficiary or beneficiaries. A charitable gift annuity allows you to claim an immediate charitable deduction on a portion of the value transferred, while reducing or deferring capital gains taxes on appreciated property.
A charitable remainder trust allows you to transfer assets irrevocably to a trust in exchange for payments to yourself or other beneficiaries that are determined by the types of investments the trust makes. The remainder is then turned over to the Foundation after the death of the last surviving income beneficiary. Tax savings include immediate income tax deduction for the gift and possible capital gains and estate and gift tax savings.
A charitable lead trust is the reverse of a charitable remainder trust. It allows the donor to place assets in a trust and assign income to the Foundation for a designated period of time. Ownership of the asset is later returned to the donor or passed on to a named beneficiary.
Gifts of life insurance offer a way to benefit the Foundation at a relatively low cost for the donor. In order to deduct premium payments as charitable deductions the donor must name the Foundation as both owner and beneficiary of the policy. A new policy or a fully paid-up policy can be contributed to the Foundation. The donor of the policy may specify the use of the proceeds or leave them unrestricted.
Speak with your financial planner, accountant or tax adviser about a financial plan that meets your own income needs, provides substantial tax benefits, secures your family’s future, and maximizes your charitable giving to strengthen IU Health White Memorial Hospital—all at the same time.
Because the Foundation works solely from donations, you are welcome to give anytime throughout the year. There are many options whether it be a one time donation, a yearly gift or a bequest. All is greatly appreciated.
Please contact IU Health White Memorial Foundation to discuss giving opportunities.