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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 />

4

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