Ways to Give
Annual Giving is generally provided each year from donors who make gifts in the form of a check or cash. The Foundation uses annual gift income to make grants in support of patient care, education and research. Annual gifts of $500 or more are recognized in the year-end edition of Vision, the Foundation's newsletter.
An endowment fund is similar to a savings account, and as such, the fund provides long-term stability and flexibility. Generally, the principal is never withdrawn. Rather the interest income is used each year in accordance with the donor's specified instructions.
An endowed fund is an effective, thoughtful and lasting way of recognizing the life and accomplishments of a loved one, while at the same time advancing patient care, education and research.
Frequently, endowment gifts are directed to areas of personal interest, departments or for use at the MMC Foundation Board's discretion. Because the principal amount is never withdrawn, endowments from planned giving are truly gifts that keep giving year after year.
For a complete list of current endowments please click here.
Gifts of Remembrance
Gifts of Remembrance are a special way of marking events or occasions, whether it's a moment of joy or sadness, while supporting Memorial Health System and its affiliates.
A gift of remembrance can be in memory of a loved one, a recognition gift to express appreciation for care or to acknowledge an important day or event in someone's life.
Since 1934, millions of additional dollars have been secured through matching gifts to hospitals, universities, and other not-for-profit organizations. The Memorial Medical Center Foundation qualifies for matching gifts from a number of companies that offer a Matching Gift program. Click here to view a list of several companies that match employee gifts to charities.
By participating in your employer's Matching Gift program, you can double the amount of your gift to the MMC Foundation. The Matching Gift application procedure is simple. Request a matching gift form from your employer's personnel office. For assistance or additional information, please call the Foundation at (217) 788-4700.
There are several types of planned gifts: wills, revocable trusts, charitable remainder unitrust, charitable remainder annuity trust, life insurance, etc. Planned Giving usually requires legal counsel to assist the donor. Donors who make a planned gift become members of Memorial's Legacy Society.
The most popular planned gift is the simple charitable bequest. Bequests give the donor the chance to leave a lasting legacy. A charitable bequest can be made through your will or trust agreement and can take many forms. You can leave a specific asset, a specific sum of money, a percentage of your estate or what remains of your estate after you have provided for other beneficiaries.
If you wish to make a bequest to the MMC Foundation, please contact your attorney and provide them with the following information.
Information for advisors: Wording to include Memorial Medical Foundation in a will or trust.
"I give ________% and/or $_________ of my estate to the Memorial Medical Center Foundation; One Memorial Plaza; Springfield, IL 62781, to provide funding for the ___________________(programs or department) at Memorial Medical Center or where the need is greatest as determined by the Memorial Medical Center Foundation Board of Directors.
Tax ID Number: 37-1110301
If you have already made a provision for the Memorial Medical Center Foundation in your will, please contact us so that we may acknowledge your generosity. You will become a member of Memorial's Legacy Society.
Gifts of Stock
Gifts of long-term appreciated securities are the most popular type of outright property gift. The securities are often individual stocks, but may include bonds or shares of mutual funds. To transfer marketable securities to the Memorial Medical Center Foundation, simply mail the stock certificate or registered bond to the MMC Foundation with a signed stock or bond power (mailed in a separate envelope). Your gift is effective on the date the certificate and stocks or bonds are mailed. If the stock is held in street name, you can simply instruct your broker to transfer the stock to our account and the gift will be effective on the date the transfer is made.
Gifts of Real Estate
When appreciated real estate is given to the Memorial Medical Center Foundation, capital gains taxes are completely avoided and the full fair market value of the property is deductible as a charitable contribution.
Gifts of Tangible Personal Property
Antiques, sculptures, real estate, artwork, and jewelry - these are just a few examples of tangible personal property that friends have used make charitable gifts to the Foundation.
Gifts of Life Insurance
Many of our friends have life insurance policies that are no longer needed for their security or the security of their families. A good example is a policy for a child's education, with the child now grown.
Charitable Remainder Trust
A charitable remainder trust provides a lifetime of income to the donor or a designated beneficiary while allowing an immediate and substantial income tax charitable deduction.
Charitable Remainder Annuity Trust
Typically, a charitable remainder trust agreement instructs the trustee to pay a certain specified income to the donor (and/or other beneficiaries) each year for life, and to transfer the property to a qualified charitable organization, such as the Memorial Medical Center Foundation upon the death of the donor or other designated income beneficiaries.
Charitable Remainder Unitrust
The charitable remainder unitrust differs from the annuity trust in one very important way - rather than a fixed-dollar income, the unitrust arrangement must provide for income payments that vary with the investment success of the trust. The trust assets must be valued each year and a specified percentage of the value be paid to the beneficiaries. If the value of the trust assets goes up, the annual payments increase as well. Unlike an annuity trust, additional contributions are allowed with a unitrust.
A charitable gift annuity is a great way to make meaningful gifts while enjoying income and tax benefits that can also help enhance your future financial well-being. Under the terms of a gift annuity, you make a charitable gift of cash or other property. You, and/or others if you desire, then receive fixed payments for life. Payout rates vary depending on your age. And, of course, your gift benefits the program at Memorial Medical Center that you wish to support, or areas of our greatest need.
Interested in Giving?
If you are interested in establishing any type of the above gifts, please contact the Memorial Medical Center Foundation at (217) 788-4700, or email us.