Ways to Give
Why Give?
When you give to the CaroMont Health Foundation, you become part of something bigger. Your support helps fund the scholarships, grants and programs that empower the next generation of healthcare workers and ensure that everyone in our community has access to the care they deserve.
Together we can come together, inspire action and help make extraordinary medicine possible.
Impact of Giving
100% of every gift goes directly to the programs and people that make a difference in our community.
Community Care
Strengthening healthcare access and quality for every patient and family we serve.
Grants
Funding advanced treatments, equipment and programs that raise the standard of care we provide.
Scholarships
Investing in the next generation of healthcare professionals through education and opportunity.
Individual Giving
Support Your Community
There are several easy ways to make your gift to the CaroMont Health Foundation. Every contribution goes directly toward improving the health and well-being of our community.
Donate Online
Donate by Mail
Memorial & Honorarium Giving
Gifts-in-Kind
Planned Giving
Leave a Lasting Legacy for Our Community
Legacy Giving — Bequests & Beneficiary Designations
Legacy gifts are a popular and flexible way to continue your charitable giving beyond your lifetime with no tax liabilities to the donor or recipient on donated assets.
Bequests from Will or Trust
A bequest through your will, living trust or codicil is a popular and flexible way to support the CaroMont Health Foundation's mission beyond your lifetime. Bequests can be made in the form of cash, securities or personal property and carry no tax liabilities to the donor or recipient. There are several ways to structure a bequest to the Foundation:
General Bequest: A gift of a specific dollar amount paid from the general pool of assets in your estate.
Specific Bequest: A gift of a specific asset such as real estate, other property or a designated dollar amount.
Percentage Bequest: A gift that divides your estate proportionally between beneficiaries, ensuring each receives the desired share regardless of the estate's final value.
Residual Bequest: A gift made from the balance of your estate after all other bequests have been distributed, commonly a percentage of the remaining residue.
Contingent Bequest: A gift made to the Foundation only if the primary bequest cannot be fulfilled, such as naming the Foundation as an alternate beneficiary.
If you would like your bequest directed to a specific purpose, we are happy to work with you and your attorney to meet your charitable objectives. Download our printable bequest language form below to share with your estate planner or financial advisor as you prepare your plans.
Beneficiary Designations
Beneficiary designations allow you to specify the individuals and charities you want to support and the percentage of assets each will receive. It is one of the simplest ways to make a gift to the CaroMont Health Foundation — no modification to your current will or trust required.
Retirement Assets: Designate the CaroMont Health Foundation as the beneficiary of your IRA or retirement plan to control the transfer of these assets at your death. As a nonprofit, 100% of funds received go directly to charitable purposes. To get started, request a new beneficiary designation form from your plan administrator.
Life Insurance: Name the CaroMont Health Foundation as beneficiary for some or all of your life insurance policy benefit. You may also donate a policy you are still paying premiums toward. Note that a term life policy has an end date, while a permanent life policy guarantees your gift reaches the Foundation regardless of when you pass.
Commercial Annuity Contracts: Name the Foundation as a sole or partial beneficiary to receive all or part of any remaining annuity value at the end of the annuitant's lifetime.
Bank Accounts: Instruct your bank to pay the Foundation all or a portion of what remains in a checking or savings account. Your bank can provide the appropriate form.
Investment Accounts: Instruct your investment company to transfer some or all investments held in the account at the time of your passing. Your broker or agent can walk you through the process.
Asset Giving — Securities, Real Estate & IRA Distributions
Gifts of non-cash assets can provide meaningful tax advantages. Consult your financial advisor or tax counsel to determine the best approach for your situation.
Gift of Securities — Stocks, Bonds & Mutual Funds
Gifts of appreciated stocks, bonds or mutual funds may provide special tax advantages. By donating securities directly, you receive the same income tax savings as a cash gift of the same amount while also avoiding capital gains tax on the appreciation.
A gift of publicly traded securities may be right for you if you own securities held for at least one year and a day, if those securities have increased in value since you purchased them or if they provide little to no income.
Gift of Real Estate
A gift of real estate can lead to significant savings on income or estate taxes. You may receive a charitable income tax deduction for the appraised value of the property and would be freed from real estate taxes, maintenance costs, insurance and capital gains taxes on the appreciation.
This may be a good option if you own property that has increased in value since you acquired it or if you would like to be free from the ongoing costs of taxes, insurance and upkeep.
Charitable Distributions from Your IRA
Donating part or all of your unused IRA assets to the CaroMont Health Foundation is a tax-efficient way to make a lasting contribution. Because charities do not pay income taxes on donations received, distributions made directly to the Foundation avoid being taxed as income.
If you are over age 70½ you may transfer up to $100,000 annually from your IRA directly to the Foundation as a tax-free Qualified Charitable Distribution. This counts toward your required minimum distribution without being considered taxable income and lowers your adjusted gross income. Always consult your accountant or tax counsel.
Download our printable IRA sample letter of instruction to get started.
Stocks & Mutual Funds
Giving stock, mutual fund shares or other non-cash assets to the CaroMont Health Foundation can be an effective strategy for making a significant philanthropic impact while unlocking additional tax benefits compared to cash donations.
By donating appreciated securities directly, you may be able to claim a charitable tax deduction for the full fair market value while avoiding capital gains tax on the transfer. The Foundation also receives a larger gift than if you had sold the securities and donated the cash proceeds. Your financial advisor can explain the tax benefits based on whether your securities have appreciated or lost value since acquisition.
Stock Transfer Information
Non-Physical Deliveries — DTC Securities
DTC #0725
FAO: Gaston Memorial Hospital Foundation
Account Number: 4448K758