Thomasville Medical Center 
Gift Types
| We receive gifts from corporations and individuals to support the many programs and services we offer. No gift is too big or too small. |
Gifts Can Take Many Forms
Outright Gifts
Outright gifts offer you the satisfaction of seeing your dollars at work in your community today. You also gain the benefit of a possible double tax deduction. Your gift is eligible for an income tax charitable deduction and it is removed from your taxable estate and therefore not subject to estate taxes.
Pledges
Pledges provide you an opportunity to make a larger gift than you otherwise thought possible by committing your gift over a period of three to five years. Ideally your pledge should be documented in writing.
Gifts By Will
Many gifts come to Thomasville Medical Center through bequests in wills. The value of your bequest is fully deductible for estate tax purposes - ask your attorney for help preparing special provisions in your will.
Unrestricted Bequests - I give, devise and bequeath to Thomasville Medical Center Foundation, located in Thomasville, North Carolina, the sum of $___________ (or shares of stock in XYZ Corporation) to be used at the discretion of the Board of Directors of Thomasville Medical Center Foundation for the benefit of Presbyterian Healthcare.
Restricted Bequests (Endowments) I give, devise and bequeath to Thomasville Medical Center Foundation, located in Thomasville, North Carolina, the sum of $____________ (or shares of stock in XYZ Corporation) to be used to create an endowment in the ABC department of Presbyterian Healthcare.
Residual Bequests I give, devise and bequeath to Thomasville Medical Center Foundation, located in Thomasville, North Carolina, all (or a portion of) my residuary estate to be used at the discretion of the Board of Directors of Thomasville Medical Center Foundation for the benefit of Thomasville Medical Center.
Gifts Which Pay You Income During Your Life
A trust is created which pays annual income to a charity. After a fixed term of years (at least ten), the asset reverts to a non-charitable beneficiary and the income to the charity stops. This is a very realistic option for someone who is charitable and has a substantial asset that has the potential to appreciate over the term of the trust. Properly designed and drafted trusts can serve as an estate freeze technique for the donor, allowing him or her to distribute assets to heirs in the future with a much lower tax value than otherwise would be possible. These trusts are known as Charitable Lead Trusts and professional help is a necessity.
Revocable Gifts
When you are not sure if you might need an asset during your lifetime, a revocable gift is a safe and practical way to meet your philanthropic objectives. You do not give up control of your money while you are alive. Name the Foundation as a beneficiary, or an owner at death, of a checking or savings account, or a life insurance policy, and your philanthropic goals will be met as you have directed.
Tax Deferred Gifts
With the success of the stock market, a substantial amount of money has accumulated in individual tax deferred accounts as a part of retirement planning. What many people don't realize is that because of the extraordinary tax liability of these accounts an heir may ultimately only receive 20 to 30% of the value of the account. These accounts are subject to income taxes, and often to estate taxes as well. IRAs, 403bs, 401ks require special attention. Professional and very technical advice is crucial to handling these types of accounts. Proper planning is critical. Philanthropy offers some flexibility and worthwhile options for prospective donors.
