 The Horizon Club recognizes the people who believe in quality healthcare today, and in the future. To become a member you only need to inform the Foundation that you have made, or intend to make, a planned gift to Community Medical Center. These gifts may be made through bequests in your will, charitable gift annuities, charitable trusts, life insurance, life estates or to the pooled income fund.
In addition to benefiting the Medical Center, these gifts often reduce tax liability and/or increase income for the donor. The amount of a bequest or trust is entirely your choice and will be kept strictly confidential.
Members of the Horizon Club are invited to special programs, which offer an inside look at Community Medical Center and the Saint Barnabas Health Care System. They also receive special updates on Community Medical Center and healthcare in general. Horizon Club members’ names are listed, with their permission, in the Annual Gift Report and on the Horizon Club plaque located in the Medical Center. The Foundation staff can be a resource for information regarding all aspects of charitable gift planning. Your gift can help provide new technologies, enhance our ability to provide patient care, and help touch literally thousands of men, women and children who partake in the many programs and services both in the hospital and in the community. We would be delighted to meet with anyone and answer any questions you may have about our programs or the Foundation.
– Contributions to Community Medical Center Foundation are deductible for federal income tax purposes.
- A donor of appreciated securities or certain other appreciated property to the Foundation may be able to deduct the fair market value of the property without paying federal income tax on its appreciation in value.
– A bequest by will such as “I give to Community Medical Center Foundation, Toms River, Ocean County, New Jersey, a tax-exempt corporation, the sum of _______________ Dollars ($ ) [or _____ percentage of the residue], for its general purposes” is an easy way to provide for the Foundation’s future. If most or all assets are in a living trust, a benefactor can add a similar provision to the trust instrument. In either situation, an attorney should be consulted.
There are various methods to
(a) to the donor or another person;
(b) generate a ;
(c) of an asset while ; and
(d) create a to the Foundation.
– can provide a fixed or variable rate of return to the donor, or a donor can use a trust to make a charitable gift for a period of years and have the assets return to family members;
– provide a fixed income for the life of the donor and/or spouse or other loved one (rate of return based on age); for current rates, click here.
– a trust fund that allows multiple donors to make gifts and proportionally share the interest earned.
– An existing policy can be changed or a new policy issued to name Community Medical Center Foundation as owner and beneficiary, providing both a substantial contribution and tax advantages.
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( _________________ Date of Birth);
Please email us at: CMCFoundation@sbhcs.com
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