A Message From the President Artforms Gallery ... - Northeast Health
A Message From the President Artforms Gallery ... - Northeast Health
A Message From the President Artforms Gallery ... - Northeast Health
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Gift Annuity is a Win-Win Situation:<br />
Donor and Nor<strong>the</strong>ast <strong>Health</strong> Both Benefit<br />
By James Prout, Esq., NEHF treasurer<br />
Nor<strong>the</strong>ast<br />
<strong>Health</strong> Foundation<br />
offers many methods<br />
for giving<br />
which can provide<br />
life income to <strong>the</strong><br />
donor and a<br />
substantial gift<br />
to a program or<br />
facility of Nor<strong>the</strong>ast <strong>Health</strong>. The<br />
charitable gift annuity is one of <strong>the</strong><br />
simplest income-producing gifts<br />
you can make.<br />
How does a charitable gift<br />
annuity work, you ask? The donor<br />
signs an annuity contract with<br />
Nor<strong>the</strong>ast <strong>Health</strong> Foundation,<br />
stating <strong>the</strong> size of <strong>the</strong> initial gift<br />
and <strong>the</strong> percentage for <strong>the</strong> annual<br />
payments. The donor <strong>the</strong>n transfers<br />
<strong>the</strong> assets (cash or stock) in <strong>the</strong><br />
amount of this initial gift.<br />
Nor<strong>the</strong>ast <strong>Health</strong> Foundation<br />
<strong>the</strong>n pays <strong>the</strong> donor a fixed percent-<br />
age amount, annually, throughout his<br />
or her lifetime. Upon <strong>the</strong> completion<br />
of <strong>the</strong> annuity, <strong>the</strong> balance remaining<br />
is paid over to Nor<strong>the</strong>ast <strong>Health</strong> to be<br />
used for one of its programs or<br />
facilities as <strong>the</strong> donor stipulated at<br />
<strong>the</strong> time of <strong>the</strong> agreement.<br />
Recently, a donor to Nor<strong>the</strong>ast<br />
<strong>Health</strong> established a gift annuity<br />
with $90,000 and received annuity<br />
payments throughout his life. Upon<br />
<strong>the</strong> completion of <strong>the</strong> annuity, a gift<br />
was made honoring his wife to<br />
support Albany Memorial Hospital.<br />
Ano<strong>the</strong>r annuity donor has designated<br />
<strong>the</strong> remainder from his<br />
annuity to benefit <strong>the</strong> Cancer<br />
Treatment Center at Samaritan<br />
Hospital. These gifts are win-win<br />
situations for both <strong>the</strong> affiliates of<br />
Nor<strong>the</strong>ast <strong>Health</strong> and <strong>the</strong> donors.<br />
The tax advantages of this type<br />
of planned gift are as follows:<br />
• An income tax deduction is<br />
allowed, based on actuarial<br />
tables, in <strong>the</strong> year <strong>the</strong> annuity<br />
is established.<br />
• The donor receives an annuity<br />
payment for life, based upon <strong>the</strong><br />
value of <strong>the</strong> initial gift and <strong>the</strong><br />
percentage chosen.<br />
• The annuity payments are guaranteed<br />
obligations of Nor<strong>the</strong>ast<br />
<strong>Health</strong> Foundation and are not<br />
subject to change or termination<br />
during <strong>the</strong> donor’s lifetime.<br />
• At <strong>the</strong> completion of <strong>the</strong> annuity<br />
contract, Nor<strong>the</strong>ast <strong>Health</strong><br />
Foundation is provided with<br />
a generous gift.<br />
For more information on how a<br />
charitable gift annuity may fit into<br />
your estate and financial planning,<br />
please call Deb Balliet at Nor<strong>the</strong>ast<br />
<strong>Health</strong> Foundation at 274-0190.<br />
✁<br />
Yes, I want to support Nor<strong>the</strong>ast <strong>Health</strong> programs and services.<br />
My gift is enclosed in full $ _________________<br />
My pledge will be paid in installments.<br />
Installment amount $ __________ Monthy<br />
Number of payments ___________ Quarterly<br />
Starting date ___________ Send pledge reminders<br />
Please charge my Visa MasterCard<br />
Card #: ___________________________________ Exp. Date: _____________<br />
Card holder’s signature: _____________________________________________<br />
Name _____________________________________________________________<br />
Address ___________________________________________________________<br />
City___________________________ State ___________ Zip ____________<br />
Gifts of securities are welcome. Please contact <strong>the</strong> Foundation<br />
Office, (518) 274-0190.<br />
I have included Nor<strong>the</strong>ast <strong>Health</strong> in my estate plans.<br />
I would like to know how to make a bequest to Nor<strong>the</strong>ast <strong>Health</strong><br />
or one of its affiliates. Please send me information.<br />
Please make check payable and mail to Nor<strong>the</strong>ast <strong>Health</strong> Foundation,<br />
2224 Burdett Avenue, Troy, NY 12180<br />
Please direct my gift:<br />
As needed<br />
Nor<strong>the</strong>ast <strong>Health</strong> Acute Care Division<br />
Samaritan Hospital<br />
Albany Memorial Hospital<br />
Eddy Visiting Nurse Association<br />
Eddy Home Care<br />
Marjorie Doyle Rockwell Center<br />
Eddy Cohoes Rehabilitation Center<br />
Eddy Memorial Geriatric Center<br />
Eddy-Ford Nursing Home<br />
Eddy Heritage House Nursing Center<br />
Eddy DayBreak<br />
Eddy SeniorCare<br />
Samaritan maternal/fetal monitoring units<br />
Albany Memorial ICU/CCU monitoring units<br />
O<strong>the</strong>r _______________________________________<br />
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