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You may direct that the Foundation Board of Directors designate
your gift to the area of greatest need or to any of Ketchikan
General Hospital's programs, nursing departments or community health
initiatives. One-hundred-percent of your gift will go directly to
the program or service you designate.
Specially named funds and endowments can be established to
recognize or honor a person or entity of your choice.
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Types of Foundation Gifts
Cash – A one-time gift of cash is tax
deductible to the extent allowed by law.
Pledge – A pledge is a commitment to
give a gift at pre-determined times. A pledge can be made at any time, and
paid monthly, quarterly or annually.
Security – A gift of stocks, bonds or
other securities involves transferring the asset to the charitable
service. This gift provides a tax deduction equal to the fair market value
when the gift is delivered.
Tangible Assets – A gift of tangible
assets is transferring to the charitable service, property such as real
estate, artwork, vehicles, etc. These assets may be fully tax deductible
at appraised value.
Life Insurance – A gift of Life
Insurance involves naming the charitable service as the beneficiary of a
paid-in-full policy, or in a new policy where the premiums may be tax
deductible.
Charitable Trusts – A charitable trust
involves placing assets in a trust and naming a charity as the eventual
recipient of the assets. Interest income is paid from the trust to the
donor or donor's named beneficiary (e.g. spouse, children).
Charitable Gift Annuity – A charitable
gift annuity involves exchanging an asset for guaranteed, fixed interest
income for the rest of your life.
Bequests – A bequest involves
transferring assets to a charity through a will.
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