A Message From the Chairman The Future of ... - Northeast Health

Founder’s Society Recognition Events
In May, the Northeast Heatlh
Foundation recognized the contributions
of its 2000 Founder’s Society
benefactors at its first annual donor
society events. Members of the
Henry Hudson Society, William Lacy
Club, Everard Ferguson Club and
Elizabeth Hart Shields Eddy Club
were recognized at a cocktail reception
at the Albany International
Airport Observation
Level on Wednesday, May 16.
Members of the Compass
Rose Society were recognized
at a cocktail reception held
Tuesday, May 29, at the
Pioneer Savings Bank Board
Room in Troy and were
presented with a limited
edition framed, signed print
of L.F. Tantillo’s “Comforting
the Wounded.”
Ina and Elliot Schwebel, and
Edwin Uhl, Northeast Health
Foundation board of directors
at the first annual donor
recognition cocktail party.
Dr. James H. Puleo, vice chair,
Northeast Health Foundation board
of directors; John Scarchilli, president,
Pioneer Savings Bank, Northeast
Health Foundation board of
directors; and Norman Dascher,
CEO, patient care division, executive
vice president, Northeast Health.
Charitable Gift Annuities - A Preferred Method of Giving
In our fall 2000 issue, James
Prout, Esq., treasurer of Northeast
Health Foundation, wrote about the
benefits of giving through the charitable
gift annuity. With a charitable
gift annuity, the donor signs an
annuity contract with Northeast
Health Foundation, stating the size of
the initial gift and the percentage of
the annual payments. The donor then
transfers the assets (cash or stock) in
the amount of the initial gift.
Northeast Health Foundation
then pays the donor a fixed percentage
amount annually, throughout
his or her lifetime. Upon the completion
of the annuity, the remaining
balance is paid over to Northeast
Health for the program or facility as
stipulated by the donor at the time
of the agreement.
One couple, who wishes to
remain anonymous, recently chose
the charitable gift annuity as their
method of giving to the Cancer
Treatment Center at Samaritan
Hospital. They chose to give to the
center because of the professionalism
and care they experienced there.
“They do such a wonderful job. It’s
a pleasure to go there as a patient -
they never forget that one is a human
being. They also go out of their way
to make the spouse feel comfortable
and informed.”
This is the couple’s second gift
Joan Gross, Key Bank
vice president of cash
management (center),
presents Jo-Ann
Costantino, CEO of
The Eddy and executive
vice president of Northeast
Health, and Craig
Duncan, president and
CEO of Northeast
Health, with the final
payment of Key Bank’s
$75,000 pledge to the
capital campaign for
the Marjorie Doyle
Rockwell Center.
annuity to the Cancer Treatment
Center. They prefer the gift annuity
because it certifies that the charity
will benefit and provides donors with
a guaranteed income for the rest of
their lives. Donors also benefit from
the tax deduction the year the annuity
is established.
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