Although cash is the most common gift it is not the only gift the foundation can recieve. A gift by will, life insurance, gifts from an estate or trust, gift plus annuity, securities, real estate, or an asset with residual interest are other methods of contribution.
Planned giving is simply a process of designing charitable gifts so the donor realizes his or her philanthropic goals while maximizing tax and other financial benefits. A planned gift could be done currently (ie: donation timed to limit any tax on the capital and obtain full tax benefit of the tax credit). Or a planned gift may be for the future whereby a commitment is made now, but funds are not available to the charity for some time (ie: a bequest in a will). You may also identify you gift to the amount left after all beneficiaries have received their bequest… the :residue” of your estate. Please consult with your financial and legal professional to find out more information about planned giving.
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How Donations Are Used:
Funds will be used:
a) To further the interest and objectives of the health care services and programs within the Revelstoke Community. This may include expansion of current programs, addition of new services, purchases of equipment, and infrastructure investment.
b) To assist in the education of the general public in health related matters. This includes scholarships and grants for students and staff enrolled in health-related fields.
You may disignate your gift for specific purposes:
long term care
medical / surgical
emergency / out-patient
support services (ie: x-ray, diabetes care, dietetic, counseling, etc.)