Following is a description of the various ways you can make a gift to the Windham Hospital Foundation for programs that will have an immediate impact, as well as those that will come to fruition in the future.
To make a direct cash contribution, you may send your check to Windham Hospital Foundation, 112 Mansfield Avenue, Willimantic, CT 06226. We also accept MasterCard, VISA and American Express for charitable contributions. This method may have mutual benefits if you receive rewards for use of your credit card. All we will need is your credit card name, number and expiration date. Please call 860-456-6849 to make a donation.
The Windham Hospital Foundation encourages honor and memorial giving as a way to recognize individuals or organizations whether living or deceased. Honorees or their families will be notified of the names of individuals who have made gifts in their honor/memory, without revealing the size of the gift. All names of donors and honorees will be listed in the annual report.
As an employee or retiree of a major corporation, your gift to the Windham Hospital Foundation may also be eligible for a matching contribution from your company. Windham Hospital Foundation, Inc. is a 501 (c) (3) non-profit organization that is classified as a public charity. Our federal tax identification number is 56-2546632. Check your company's eligibility guidelines and then submit your matching gift form to us. We will do the rest. Matching gifts programs are an easy way to multiply the value of your gift.
Gifts of securities may be made through your broker, or stock certificates may be sent to the Windham Hospital Foundation. Please call us before you transfer stock so we may assure the security of this gift and establish its value for tax purposes.
The Windham Hospital Foundation accepts various types of deferred gifts that may have tax advantages to you and your loved ones. These gifts should be discussed with your attorney or financial planner before you call us. We will be happy to work with you to determine the most effective and convenient way for you to make a lasting gift to the Foundation to benefit Windham Hospital.
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A gift of land, a residence, vacation home, farm or office building can result in a sizable tax deduction, and is an opportunity to make a much larger gift than you may have thought possible. A gift of highly appreciated land could avoid capital gains taxes, as well. By donating the remainder interest in a home or farm, you and your spouse can continue to live in the residence for life while obtaining a generous current income tax deduction. On the termination of your life interest(s), the Windham Hospital Foundation would sell the residence/farm and determine the best usage of the funds for current or future initiatives.
Donations of goods and services are also greatly appreciated. We need various items to raffle or auction at our special events. The retail value of goods donated is considered a tax-deductible gift, while services are not usually tax-deductible. Call us first to determine if the item can be used for an upcoming event.
Donors may also set up a charitable gift annuity using nationally established rates. The donor transfers assets, usually cash or securities, to the Windham Hospital Foundation in exchange for the payment of a fixed amount each year during the remainder of the donor's life. The donor may create the annuity to continue after death for a surviving spouse or for another named beneficiary, or, alternatively, the annuity can be paid from the outset to a relative or a friend. On the death of the annuitants, the funds remaining from the original gift amount will be turned over to the Windham Hospital Foundation to use where the funds will be most needed. Charitable gift annuities may be created for donors aged 60 and above in amounts of $10,000 or more. Deferred gift annuities may be created for donors ages 50 and above.
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Gifts of life insurance allow donors to make substantial gifts for relatively small, yearly, tax-deductible contributions. This type of gift will enable you to leverage a substantial fund that will pass to the Windham Hospital Foundation on your death.
A simple bequest to the Windham Hospital Foundation may be written into your will, providing savings in state and federal death taxes. Forms and suggested language for making bequests may be obtained from your attorney or by calling our office.
There are several types of trusts which can be created during your life or by will to benefit both you and your family members, as well as the Windham Hospital Foundation. This method of giving enables donors to transfer assets into a trust for the benefit of family members while also reducing gift and estate tax costs. Either the assets or income from the trust may pass to the charity depending on the type of vehicle chosen. Normally, the minimum investment for these types of trusts is $100,000 and should be developed in consultation with your attorney, tax advisor, accountant or financial planner.
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Waugh Memorial GardenFor more information how you can make a meaningful gift to Windham Hospital, please contact the Foundation Office at (860) 456-6849.
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