Ways You Can Give
The most common and simplest form of planned giving, a bequest is a gift that is made through a donor's will. Individuals may include Lancaster General Health in their wills by naming Lancaster General Health or any of the Lancaster General Health entities for a specific amount or a percent share of their estate. Donors can also name Lancaster General Health as the residual beneficiary of their estates after payment of bequests to others. Read more...
Benefits of making a bequest gift include the fact that donors do not have to part with any money until they die, and do not owe any estate tax on the amount of the bequest.
For more information on making a bequest gift to Lancaster General Health, please contact the Development Office at (717) 544-5956. Read less
Cash or Check
The most popular and easiest way to make a donation to Lancaster General is by cash or check. The Lancaster General Health Foundation will gladly accept cash gifts. We DO NOT recommend, however, that you mail cash via postal service or courier. Read more...
When paying by check, your check should be made payable to Lancaster General Health Foundation. For example, if you want to make a gift to the Lancaster General Hospital for the Renal Dialysis Fund, simply make your check payable to Lancaster General Health Foundation. Then, in the memo section of your check (lower left corner) write in the area or designation of your gift. Or, if you prefer, include a note telling us how to designate your gift.
Then mail your donation to:
Lancaster General Health Foundation
609 N. Cherry Street
P.O. Box 3555
Lancaster, PA 17604
To make a memorial or honorary gift by cash or check, first, follow the directions above. Second, attach a note that includes the name of the person who you are memorializing or honoring and the family's contact name and address (for memorials) or the individual's name and address (for honorary gifts). We will be sure the family/individual is notified of your thoughtfulness. Read less
Charitable Lead Trusts
Charitable Lead Trusts are most appealing to wealthy donors who want to pass appreciated assets to their heirs without paying a substantial amount in taxes. This is done by allowing Lancaster General Health to receive income from the donor's assets for a specified time, after which the asset is transferred back to the donor or to the donor's heirs, who do not have to pay any additional taxes. Read more...
The donor does pay a gift tax on the asset when it is placed into the trust, after which it can grow tax-free. A lead trust can, however, reduce gift and estate taxes or provide a charitable deduction for the donor.
For more information on Charitable Trust Leads, please contact the Lancaster General Health Foundation at (717) 544-5956. Read less
Charitable Remainder Trusts
Two basic types of charitable remainder trusts qualify for federal tax benefits. In both arrangements, a donor gives stock, cash or other assets to a trust. Those assets are invested, producing income for the donor or other beneficiary either for a fixed period of time or until the donor dies. The donor is allowed to claim a tax deduction for the estimated portion of the assets that will ultimately come to Lancaster General Health. When the donor dies, Lancaster General Health keeps all remaining assets. Read more...
The two types of remainder trusts are Unitrusts and Annuity Trusts. Under a basic Unitrust, the donor receives one or more yearly payments equaling a fixed percentage of the value of the asset, which is assessed each year. Under a net-income Unitrust, the donor receives only the income earned by the trust, even if the trust earns less than the payout rate. However, the trust can be set up to include a make-up provision, which allows the donor to make up the lost income, provided the trust earns more than the payout rate in future years.
Under an Annuity Trust, the donor receives a yearly fixed payment equaling at least 5 percent of the value of the asset at the time the deferred-giving payment was signed.
By forming Charitable Remainder Trusts, donors can get income-tax deductions and escape capital-gains taxes. Many donors find the trusts an appealing way to prepare for retirement. The assets can be invested to earn a lower rate of return when the donor is younger and then shifted to a higher rate of return, and thus provide more income during the donor's later years.
For more information on Charitable Remainder Trusts, please contact the Lancaster General Health Foundation at (717) 544-5956. Read less
Credit Card Donations
To make a donation by credit card, the Development Office needs your name, the name printed on the card, the credit card number, expiration date and the amount of your donation. We will also need the area or designation of your gift. Read more...
You can give using our secure online gift form
or by calling us at (717) 544-7126.
You may also mail it to us at:
Lancaster General Health
609 N. Cherry Street
P.O. Box 3555
Lancaster, PA 17604
Lancaster General Health is very concerned about credit card fraud and stolen card numbers. Should you feel uneasy about including your card number on materials to be mailed or faxed, you can call us at (717) 544-7126. We will gladly take your donation by phone. Read less
Your charitable gift annuity involves a simple contract between the Lancaster General Health Foundation and you as a donor. The annuity pays a fixed amount for life in exchange for an irrevocable gift of $10,000 or more Read more...
Payments, which can be received monthly, quarterly, semi-annually or annually, are based on the age of the donor at the time of the gift. A tax deduction can be claimed in the year of the gift and other significant tax benefits can be realized.
Lancaster General Health uses rates recommended by the American Council on Gift Annuities to determine the payment amounts of the annuities. Donors should be aware that the payment of annuity income is a general obligation of the charity, and is backed by its assets.
In addition, the charitable gift is irrevocable, and the annuity income will remain fixed and will not be adjusted for inflation. In addition to the revenue stream created by the gift annuity, the donor may also enjoy significant income tax, estate tax and capital gains tax benefits. In the year of the gift, the donor can claim an income tax deduction for the remainder value of the gift. Often part of each annuity payment is tax-free.
Furthermore, because a charitable gift annuity is considered part gift and part annuity, a gift funded with appreciated securities or real property may be partially exempt from capital gains taxes. Finally, since the charitable gift is made before the donor's death, the transferred assets may avoid estate taxes and probate costs.
There are many ways to give to Lancaster General Health, but few offer the potential benefits and versatility of a Charitable Gift Annuity. It's a way to give that can help both benefactor and recipient.
For more information on gift annuities, please contact the Lancaster General Health Foundation at (717) 544-5956. Read less
Gift Residence of Farm with Retained Life Estate
The ownership of a personal residence or farm may be transferred to Lancaster General Health while the donor retains the right to continue to live on the premises for his or her lifetime. Read more...
Because the donor has irrevocably transferred the future ownership of the residence or farm to Lancaster General Health, the donor receives a current charitable income tax deduction for the gift. Read less
A gift of whole life insurance can be made to Lancaster General Health by naming Lancaster General Health the irrevocable owner and beneficiary of the policy. The policy can either be paid-up, or, if not paid-up as of the date of the gift, has a minimum face value of $100,000. Read more...
Gifts of life insurance policies require charitable contributions from the donor to Lancaster General Health in the amount of any premiums, including unscheduled premiums, which may become due.
For more information about giving a life insurance policy to Lancaster General Health, please contact the Lancaster General Health Foundation at (717) 544-5956. Read less
Double, or even triple, your gift to the Lancaster General Health Foundation by having your employer match your donation. Many companies offer to match their employee's charitable contributions. Some require forms to be completed by the employee. Others have automated programs that require only a phone call. Read more...
Most corporations have guidelines that the non-profit organization and employee must meet before a donation can be matched. Your company's Benefits or Human Resources Department can give you more information about their program and should also have the proper form to complete.
Mail your form, along with your contribution, to the Lancaster General Health Foundation. We will verify your matching gift eligibility and return the form to your employer.
For more information about matching gifts to Lancaster General Health, contact the Lancaster General Health Foundation at (717) 544-5956. Read less
Personal Property or Real Estate Donations
Lancaster General Health gladly accepts gifts of tangible personal property that would otherwise need to be purchased or that further the endeavors of Lancaster General Health and its entities. Read more...
While Lancaster General Health is grateful for every donor's intent to give, some personal property donations must be approved by the Gift Policy Committee. Gifts that do not require prior approval include televisions, VCR's, stereos, computers, software, medical equipment, postage, items for auction and tickets to athletic events.
If you are interested in donating any item to Lancaster General Health, please contact the Lancaster General Health Foundation at (717) 544-5956. We will give you instructions on how to make your gift and/or if the gift will need prior approval.
To donate a gift of real estate, please contact the Lancaster General Health Foundation at (717) 544-5956. Read less
Leave a Legacy newsletter - Winter 2013 (PDF)
Stocks and Securities
There are several ways to transfer securities to Lancaster General Health: Electronic Transfer, Mailing Certificates, or Hand Delivery. For information regarding the valuation of stocks and bonds or gift crediting, please contact the Lancaster General Health Foundation at (717) 544-5956 or 717-544-7126. Read more...
The most popular and most efficient way to transfer securities to Lancaster General Health is by electronic transfer. This is done through a delivery which simply means that Lancaster General Health gets 100% of the value of the transfer versus the broker receiving a portion in commissions.
If your stock is held at a broker,
notify the broker that you wish to make a gift of securities to Lancaster General Health. Your broker will need written authorization from you before they can make the transfer. Be sure to tell them the name of the stock that you want to transfer, the number of shares, and where you would like your gift to be designated once it reaches Lancaster General Health.
Once you have authorized the transfer, ask your broker to contact the Lancaster General Health Foundation at (717) 544-5956 or 717-544-7126. Our office will give your broker complete transfer instructions.
Click here for a Gift of Stock Donor Intent Form (PDF)