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(If you wish to make a donation "on-line" please click here for our online giving page. Thank you. )
Annual Fund
Funds raised through the annual fund support the clinical program at our 12 health care facilities, including reduced fees and prescription medicine discounts for our patients who need support.
Memorial and Tribute Gifts
Remember your loved ones or commemorate special occasions such as anniversaries, weddings, graduations, birthdays, etc., through a memorial gift.
Bequests
Your will or living trust may earmark a fund in memory of a loved one or perhaps in remembrance of a physician or physician's assistant who was especially helpful. A good alternative to a specific bequest is to specify a percentage of your estate for Hudson Headwaters Health Network. Still another is to direct that the residue of your estate pass to Hudson Headwaters Health Network after all specific bequests to family and friends have been satisfied. In addition, a bequest may be contingent upon the eventuality that some legatees may not survive you.
The charitable remainder trust and pooled life income fund may also be established by will or living trust. This allows you to provide substantially for both Hudson Headwaters and a loved one by leaving an income stream from your estate for that person for the rest of his/her life, with Hudson Headwaters receiving the remainder upon the individual's death.
(click here for sample Bequest language)
Appreciated Securities
Gifts of appreciated securities, both publicly traded and closely held, can often provide more advantages to a donor than a gift of cash. If you hold appreciated stock and want to use it as a means for supporting Hudson Headwaters, do not sell it. Instead, you can give the securities to Hudson Headwaters to avoid paying capital gains tax. In fact, if you sell the appreciated asset, you will become liable for a capital gains tax on the difference between what you paid for the asset and its current value, even if you donate the proceeds.
A gift of stock avoids capital gains tax on the stock and results in the maximum charitable deduction allowed. The fair market value of this gift (the average of the high and low value of the stock on the date it is considered by the IRS to be received by Hudson Headwaters) is deductible in a given tax year up to 30% of a donor’s adjusted gross income or up to 50% of a donor’s adjusted gross income if the cost basis of the asset is used instead of the fair market value. The 50% election may be most advisable when a donor has unusually high income. Only gifts of stock held for more than one year should be considered for transfer in order for the donor to realize the maximum tax benefit.
Stock which has declined in value should be sold first and then the proceeds given as a gift to Hudson Headwaters, so that the donor can claim the loss and the charitable deduction as allowable for tax purposes.
click here for instructions for gifts of stock)
A Gift Through Life Insurance
A donor may name Hudson Headwaters Health Network as beneficiary, co-beneficiary or contingent beneficiary of an existing policy or add Hudson Headwaters as a remainder beneficiary.
A Gift of Real Estate
A donor may make a gift of a personal residence, income property or farm to Hudson Headwaters.
There are tax and financial benefits when you choose to make a gift to Hudson Headwaters. We encourage you to consult with an attorney or financial counselor regarding the latest rules and methods of giving that are most advantageous.
If you have questions, please call (518) 761-0300 ext. 160, or email Howard Nelson. You may donate by mail (P.O. Box 357,
Glens Falls, NY
12801). Donations via credit card are gratefully accepted.
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