Memorial Gifts/Honor Gifts:
To honor or pay tribute to a loved one, families may specify that honor/memorial contributions be made for a specific fund at the hospital.
The simplest way to give cash, securities, personal property, real estate, life insurance or other assets.
For many donors, a gift made through a will is the most realistic way to provide a substantial contribution. Bequests allow you to specify how your assets are distributed and to designate a gift in a manner that is most meaningful to you.
If you own life insurance policies you no longer need, you may find an easy way to give a substantial gift is to donate the policy for its present cash value. To maximize your gift, you may continue to pay the premiums on the policy, naming North Country Hospital as owner and beneficiary and receiving an additional tax deduction for the premiums.
There are opportunities starting at $5,000 for donors to name an area or program as a tribute to a loved one or other honoree.
Almost any type of real estate can be given. Gifts can be made outright during your lifetime, through a bequest, or you can donate property now, while retaining the right of use for the rest of your life.
Gifts With A Return:
There are several ways to make a gift North Country Hospital while receiving income from your gift for life:
The Charitable Gift Annuity:
In exchange for transferring assets of cash or appreciated property, we pay you a guaranteed, fixed sum of money each year for the rest of your life. As a source of additional income at retirement, you may want to consider a Deferred Charitable Annuity.
Charitable Remainder Trust:
Assets are transferred to a trust, and you, or the beneficiary you name, receive an annual income for life. Trusts can be established for life or a specified number of years. At the termination of the trust, the assets revert to the donor or his or her designated beneficiary.
Pooled Income Funds:
Similar to a mutual fund, your gift is pooled with other donations in one fund to maximize the investment potential. You or your designated beneficiary receives income for life from the fund based on its performance.
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