Types of Gifts, and Ways to Make them

WATERBURY HOSPITAL

FUND DEVELOPMENT DEPARTMENT

 

TYPES OF GIFTS

There are many opportunities to donate to Waterbury Hospital, and many ways to participate in giving. For example:

 

Unrestricted Gifts to The Annual Fund

Restricted Gifts, supporting specific hospital needs

Planned Gifts, through wills or estate plans

Please continue on for detail on each of these types of gifts:

The Annual Fund is the “lifeblood” of Waterbury Hospital’s contributions program, and a staple at any non-profit organization. The Annual Fund is the name of our yearly appeal requesting unrestricted contributions from the hospital’s friends, in support of our general mission of healing.

The Annual Fund benefits each of our core healthcare and wellness programs, by providing financial support for a complete range of medical, emergency, preventative and educational services available to every man, woman and child in greater Waterbury. For example, your Annual Fund gift strengthens hospital programs, enhances our resources and technologies, helps to provide better care for more people, maintains and improves the hospital environment, helps to attract the very best clinicians, funds important projects, and creates a stronger community. Annual Fund gifts range from the very modest to many thousands of dollars. And each one truly “makes a difference.”

The Annual Fund at Waterbury Hospital sustains a vision of healthcare excellence for our community begun in 1890, and supported ever since by countless thousands of our neighbors – and by friends like you.

Restricted Gifts: Many donors choose to restrict their gifts to a specific need of the hospital, or a specific area of interest of their own. “Restricted gifts” are donor-designated for such needs, and may support education, equipment, programs, etc. These range from the modest gift to “Major Gifts”. It is frequently helpful if donors inquire beforehand about the priority of current needs, or discuss with the hospital their own area of interest, to make best use of their intention and gift.

A “Planned Gift” is one which, quite simply, is planned now, but is realized at a later date. A bequest is the most common example, as about 90% of “planned gifts” take the form of a simple will. But there are also many other ways to design a “planned gift”, including gifts of life insurance, or various trusts. Some arrangements even produce a life-income stream for the donor for the remainder of his or her life.

Waterbury Hospital encourages each of its friends to consider a “charitable intent” in their estate plans, and to consider Waterbury Hospital, along with the inclusion of family and loved ones. Waterbury Hospital also encourages each donor to consult with his or her own attorney or trusted financial advisor when making these plans, and to inform the hospital of your plans as well. Waterbury Hospital’s “Society for Tomorrow” is comprised of people who have included the hospital in their estate plans.

WAYS TO MAKE A GIFT:

Cash or check, the most common form of giving

Give Now, On-Line, it’s a safe and convenient way to help make a difference.

Gifts of Stock, or appreciated Securities: When gifted directly to the hospital, the donor avoids taxes on any capital gains.

Matching Gifts: Many companies will “match” the gift of their employees or retirees. Please inquire about your company. If they are a “matching gift” company, please request the “Matching Gift” form, and submit it to us with your gift.

“Corporate Partners in Philanthropy” is an opportunity for the business community to support Waterbury Hospital. Participating companies are both large and small, and gifts are both restricted and unrestricted.

Events: Waterbury Hospital hosts three annual events which raise revenue to support programs, through sponsorships and attendance. Each Event benefits an important medical service.

Annual “TGIF” (“Thank God I’m Female”) women’s wellness forum each spring

Annual Golf Classic each June

Annual Gala each November

Please call 573-7691 for further information on any of these event.

 

“Honor” and “Memorial” Gifts: Gifts made “In Honor of” or “In Memory of” people are ideal ways to recognize loved ones and valued members of our circles.

Gifts of Tangible Property, such as real estate, art, etc.

Other: Other ways to give which might fit a certain donor’s circumstances might include Gifts of Life Insurance, or the transfer of IRA or other Retirement Plan assets, or income from charitable trusts.