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Over the years, Wentworth-Douglass Hospital has been blessed with many friends who have generously provided funds that have sustained the mission of the Hospital. These gifts have come to the Hospital in many ways, either as outright gifts or through planned giving.
Nothing is more important than our good health, and through philanthropy, you can provide support for the dedicated and compassionate caregivers at Wentworth-Douglass Hospital by investing in the health of our community.
A distinguished board of local, professional, business and civic leaders oversee operations and philanthropic and investment activities for the Foundation. Our job is to raise money to improve the health of the community, one person at a time, and to ensure that our
assets are invested prudently and wisely. We work closely with donors and their advisors to provide excellent philanthropic advice and information to achieve their personal financial and charitable objectives.
In addition to supporting the health of your community and
helping us save and rehabilitate lives, philanthropy can help you minimize your tax burden. You can actually reduce income taxes, capital gains taxes, and gift and estate taxes. Philanthropy can also help to increase your estate planning flexibility. This is an exciting
time in philanthropy and our government offers incentives to encourage donors to provide support to worthy not-for-profit organizations. Tax laws are complex. In all instances, you should consult an attorney, tax professional or investment professional.
Outright Gifts
Annual Fund
Annual Fund-is the cornerstone that supports the work of Wentworth-Douglass Hospital. These gifts touch thousands of lives and are used to provide the Hospital with the newest medical technology, improve patient care and upgrade existing facilities and equipment. Gifts may be made in honor or memory of someone.
Remembrance Gifts
Remembrance Gifts--There may be times throughout the year when you wish to pay tribute to others and conventional ways of expressing good wishes, thanks or sorrow seem inappropriate. These gifts may be made:
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• as a gesture of sympathy or in memory of a loved one, friend or associate |
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• to honor special occasions, such as birthdays, promotions, anniversaries or births |
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• to wish a speedy recovery to someone who is ill |
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• as an expression of appreciation for a job well done |
An acknowledgement of each Remembrance Gift is sent to the person or family of the person in whose name the gift is made. No amount is mentioned unless the donor requests it. Donors receive a separate acknowledgement stating the amount of the gift for income tax purposes.
You may give as often as you wish. You may also designate your gift for a specific use or allow the Foundation to use it in the area of greatest need. Regardless of the amount or designation, you can be sure that quality healthcare for the Seacoast area is the ultimate beneficiary of your generosity.
Matching Gifts
Many companies match charitable gifts made by employees, retirees and directors. These gifts are counted toward the individual's total giving to the Hospital. Donors need to complete the paperwork from their human resources department and send it to the Foundation.
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Beneficiary on Account
Beneficiary on Account is another way you can support the Foundation.
An easy way to make a gift is to designate Wentworth-Douglass Hospital & Health
Foundation as a beneficiary on a bank account or IRA. These are
called Transfer on Death or Payable on Death. These accounts
will be removed
from your total estate resulting in a reduction in your taxable
estate. They are also removed from the probate process.
Endowments
Endowments are established in perpetuity for a specific purpose, stated by the donor. Endowments blend donors' visions with the needs and objectives of the Hospital. By working together, the Foundation Office and the benefactor create a distinctive endowment that reflects their common goals. Endowed funds provide support that is reliable, because it is perpetual; earnings from an endowed fund are used to carry out the donor's purpose while the principal is safeguarded.
Click here to request a brochure.
 Hospital’s First
Named Endowment Fund
Honors Local Cancer Patient
Former WDH Nursing School Student
Creates Scholarship Fund
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Planned Gifts
Planned Gifts are specially designed to help you meet your own financial and family obligations while supporting the mission of Wentworth-Douglass Hospital. These gifts give you special income and/or tax advantages. The appropriate form of planned gift can play a valuable role in strengthening your own long-term financial plans. At the same time, it can enable you to leave a lasting legacy that would perhaps not otherwise be affordable.
The 1906 Heritage Society was formed to honor those who have joined Wentworth-Douglass Hospital & Health Foundation to help Wentworth-Douglass Hospital remain the Seacoast's leading medical center. Society membership is extended to individuals who include Wentworth-Douglass Hospital & Health Foundation in their estate plans. Through their bequests, life income gifts and deferred gifts, members share in our goal of helping individuals attain the highest level of health, now and in the future.
Charitable Remainder Trusts -
enables you to place cash, securities, or real estate into a
trust that pays lifetime income to you and/or to other beneficiaries,
with
the trust principal eventually passing to Wentworth-Douglass
Hospital. Click here to
request a brochure
- Charitable Remainder Unitrust is a tax-exempt trust that entitles the donor to bypass capital gains tax and receive an income, usually for one or two lifetimes, based on a fixed percentage of the trust assets. Payments may be made monthly, quarterly, semiannually or annually. The donor receives an income tax deduction.
A unitrust may exist for one life-time, multiple lives, a term of as many as twenty years, a lifetime plus twenty years, or multiple lives and a term of years. Each option entitles the donor to a charitable deduction and to bypass capital gains taxes. One life and husband-wife trusts are free of estate tax, other trusts with two or more beneficiaries may result in a federal and/or state gift or estate tax.
The deduction is the value, today, of the gift charity will receive in the future. It depends on (1) the income beneficiaries' ages, (2) the duration of the trust, and (3) the "Applicable Federal Rate" published monthly by the IRS. Donors may choose the current rate or one from the prior two months to get the most favorable deduction.
- Charitable Remainder Annuity Trust is another tax-exempt trust that entitles the donor to bypass capital gains tax and receive a tax deduction. This remainder trust pays a fixed dollar amount, regardless of the trust value. As with the unitrust, payments may be made monthly, quarterly, semiannually or annually.
An annuity trust may exist for one life-time, multiple lives, a term of as many as twenty years, a lifetime plus twenty years, or multiple lives and a term of years. Each option entitles the donor to a charitable deduction and to bypass capital gains taxes. One life and husband-wife trusts are free of estate tax, other trusts with two or more beneficiaries may result in a federal and/or state gift or estate tax.
The deduction is the value, today, of the gift charity will receive in the future. It depends on (1) the income beneficiaries' ages, (2) the duration of the trust, and (3) the "Applicable Federal Rate" published monthly by the IRS. Donors may choose the current rate or one from the prior two months to get the most favorable deduction.
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Charitable Lead Trusts - enables you to place cash, securities, or real estate into a trust that pays Wentworth-Douglass Hospital a percentage for a term of years with the principal passing to grandchildren with reduced gift or estate taxes.
A Charitable Lead Trust pays charity an income and either the heirs may receive the trust assets later, with considerable gift/estate tax advantages (family lead trust) or the donor may take the asset back and earn income tax deductions during the life of the trust (donor lead trust). The typical lead trust is used to transfer assets to heirs.
The term of the trust is fixed and it is usually five to twenty years, although it can be for any set time frame or for life-times. The term of years is often whatever will eliminate the estate tax.
With the family lead trust, gift and estate taxes are reduced on transfer because of charitable income interest which is a net present value of the income stream to charity. With the donor lead trust the income tax deduction is also based on fair market value of income stream to charity. Cash or tax-free bonds are ideal assets for funding these trusts.
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Retained Life Estate - allows
you to make a current gift of a personal residence or vacation
home to Wentworth-Douglass Hospital & Health Foundation, while
retaining the right to live in your personal residence or use your
vacation home
for your lifetime.
For a retained life estate: you give Wentworth-Douglass Hospital & Health
Foundation your personal residence or vacation home and then
continue to live there for the rest of your life. We will own
the house, but
you will continue to be responsible for its ongoing taxes, structural
maintenance, and upkeep. And, we mutually agree upfront about
what we will do if you no longer wish to live in the house, or
become physically
unable to continue living there.
You will receive a charitable deduction based on the fair market value of your home minus the present value of the life tenancy you have retained.
With a retained life estate, you make a significant gift to Wentworth-Douglass Hospital & Health Foundation with the most valuable asset you hold, without disturbing your cash flow or your living arrangements. Click here to request a brochure.
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Charitable Bequests - allow you to make a gift to the Foundation in one of three different ways. These are specific bequest, percentage bequest and residuary bequest. You can choose to make the gift unrestricted, restricted, in honor or memory of, or as an endowed gift.
How To Include Wentworth-Douglass Hospital & Health Foundation In Your Will
You do a wonderful service when you include Wentworth-Douglass Hospital & Health Foundation in your will. Your gift will assure that outstanding healthcare will continue to be provided to your friends and family into the future.
Your bequest to Wentworth-Douglass Hospital & Health Foundation may be expressed in these words in your will:
"I bequeath the sum of $(insert amount) to Wentworth-Douglass Hospital & Health Foundation a not-for-profit organization with tax identification number 51-0491062 located at 789 Central Avenue, Dover, NH 03820 to be used by said organization to meet the most immediate needs of the institution, as determined by the governing board."
or "I bequeath the (insert percentage)% of my estate to Wentworth-Douglass
Hospital & Health Foundation a not-for-profit organization with
tax identification number 51-0491062 located at 789 Central Avenue,
Dover, NH 03820 to be used by said organization to meet the most
immediate needs of the institution, as determined by the governing
board."
or "I bequeath the residue of my estate to Wentworth-Douglass Hospital & Health Foundation a not-for-profit organization with tax identification number 51-0491062 located at 789 Central Avenue, Dover, NH 03820 to be used by said organization to meet the most immediate needs of the institution, as determined by the governing board."
The following language restricts the funds:
"This fund is to establish an endowment fund to be known as (name the fund) the income from which shall be used for (state specific purpose of the fund). If Wentworth-Douglass Hospital & Health Foundation, in its sole judgment, determines that the original intent is no longer feasible, or if the amount of my bequest is insufficient to establish a separate restricted fund, Wentworth-Douglass Hospital & Health Foundation may use my gift and the income therefrom for such related purposes as, in its sole judgment, will most nearly fulfill the original intent."
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How can I help?
Employee Roger Dionne Names Hospital in Will
Rinaldi’s Name
Hospital in Will
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Charitable Gift Annuity/Deferred Charitable Gift Annuity
A donor may make a gift of cash or appreciated securities to Wentworth-Douglass Hospital & Health Foundation which guarantees, by written contract, to pay the donor (and a second beneficiary, if appropriate) a specific amount quarterly for life. A portion of the income may be tax-free. If appreciated securities are used to make the gift, there is a capital gain liability that can be spread over the actuarial life of the donor. The amount of the charitable deduction is based upon the amount of the gift and the age of the donor.
The donor irrevocably transfers cash, appreciated securities or other marketable assets to Wentworth-Douglass Hospital & Health Foundation in exchange for a fixed annuity payment for life and/or a second beneficiary. The donor receives a current income tax deduction based on the present value of the gift. The annuity payment is calculated on the value of the asset, number of beneficiaries (1 or 2) and the life expectancy of the beneficiaries. Life income beneficiary must be 50 years or older. Contact the Foundation Office for detailed information.
WDH volunteer increases earnings through $10,000 donation
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Deferred Gift Annuity
This gift type is similar to a Charitable Gift Annuity, except the payments are deferred to a future date. The longer the deferral period, the greater the payout and charitable deduction will be. This is an excellent gift vehicle for individuals who wish to delay the income or younger individuals wishing to supplement future retirement income while obtaining the largest charitable deduction now. Contact the Foundation Office for detailed information.
Click here to request a brochure
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