Giving

Ways to Give

The Foundation offers many opportunities for donors to share their generosity. No matter the amount or method, gifts to Memorial Medical Center Foundation are critical to improving the health of the people and communities we serve. If you are considering donating stock, farmland, or entering into a gift annuity, please contact the Memorial Medical Center Foundation at 217-788-4700 or email us.

Planned Giving

Planned giving typically involves a way in which a donor can leave money or assets to a nonprofit like the Foundation at his or her death. Planned gifts typically include bequests in wills, or gifts through trusts or life insurance. Planned giving usually involves the assistance of legal counsel. Donors who make a planned gift become members of Memorial Medical Center Foundation's Legacy Society.

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Annual Giving

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 $1,000 or more are recognized in the Foundation's community update.

Endowments

An endowment provides long-term stability as the principal donated is never withdrawn. Instead, 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, an endowment is created to support an area of personal interest, a specific department or for use at the MMC Foundation board's discretion. Because the principal amount is never withdrawn, endowments are truly gifts that keep giving year after year.

Memorial Medical Center Foundation administers more than two dozen endowments. Donations can be made to any of these funds. For a complete list of the Foundation's endowments please call 217-788-4700.

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.

Bequests

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. Donors can leave a specific asset, a specific sum of money, a percentage of an estate or what remains of an estate after the other beneficiaries receive their share.

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 Center Foundation in a will or trust.

"I give ________% and/or $_________ of my estate to the Memorial Medical Center Foundation; 701 North First St., Box 61; Springfield, IL 62781, to provide funding for the ___________________(program 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 Medical Center Foundation'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. Please have your broker contact us for information.

Gifts of Farmland and other 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 to 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, but the child is now an adult and the policy is no longer needed.

Gift Annuity

A charitable gift annuity is a great way to make meaningful gifts while enjoying income and tax benefits that can also help enhance a donor's future financial well-being. Under the terms of a gift annuity, a charitable gift of cash or other property is made. Then the donor and/or others if desired 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.