Annual Giving is generally provided each year from donors who make gifts in the form of a check or cash. The Foundation uses unrestricted gifts for Greatest Need to make grants in support of patient care, equipment purchases, expansion of programs and increased access to local care. Annual gifts of $100 or more are recognized in the Foundation's community update (annual report).
Gifts of Remembrance
Gifts of Remembrance are a special way of marking events or occasions, whether it's a moment of joy or sadness, while supporting the healthcare needs of our community.
A gift of remembrance can be in memory of a loved one, a recognition gift to express appreciation for care or to acknowledge an important day or event in someone's life.
Consider adding a brick to Passavant’s Tribute Garden with engraved sentiment for your loved ones.
If you've ever wanted to express your appreciation for excellent health care and the compassionate care that Passavant Area Hospital affords, a gift made in your estate plan could be the perfect option for you. This type of charitable gift arrangement allows you to make a gift now or after your lifetime while enjoying financial benefits for yourself and your loved ones.
You have many options through retirement funds, IRA distributions, bequests in wills, or gifts through trusts or life insurance.
Ask your estate planning professional how you can continue to support the health of our community for generations to come.
The most popular planned gift is the simple charitable bequest. Bequests give the donor the chance to leave a lasting legacy. A charitable bequest can be made through your will or trust agreement and can take many forms. Donors can leave a specific asset, a specific sum of money, a percentage of an estate or what remains of an estate after the other beneficiaries receive their share.
If you wish to make a bequest to the PAH Foundation, please contact your attorney and provide them with the following information:
Information for advisors: Wording to include Passavant Area Hospital Foundation in a will or trust.
"I give ________% and/or $_________ of my estate to the Passavant Area Hospital Foundation; 1600 West Walnut, Jacksonville, IL 62650, to provide funding for Greatest Need as determined by the Passavant Area Foundation board of trustees or for ___________________(program or department) at Passavant Area Hospital.
Tax ID Number: 37-0661230
If you have already made a provision for the Passavant Area Hospital Foundation in your will, please contact us so that we may acknowledge your generosity. You will become a member of Passavant Legacy Society.
Gifts of Stock
Gifts of long-term appreciated securities are the most popular type of outright property gift. The securities are often individual stocks, but may include bonds or shares of mutual funds. Please have your broker contact us for information.
Gifts of Farmland and other Real Estate
When appreciated real estate is given to the Passavant Area Hospital Foundation, capital gains taxes are completely avoided and the full fair market value of the property is deductible as a charitable contribution.
Passavant is the owner or trust recipient of 17 farms comprising nearly 4,000 acres (422 acres are shared with four organizations). Signs recognizing the land donors and the year the gift was made are posted at each Passavant farm. The Passavant Campus is located on the Row Farm given in 1928.
Our Passavant Farm Advisory Committee is charged with stewardship of the valuable donated land for soil conservation practices and to maintain productivity. Grain sold after each harvest generates significant income for patient care.
Gifts of Tangible Personal Property
Antiques, sculptures, real estate, artwork, and jewelry - these are just a few examples of tangible personal property that friends have used to make charitable gifts to the Foundation.
Gifts of Life Insurance
Many of our friends have life insurance policies that are no longer needed for their security or the security of their families. A good example is a policy for a child's education, but the child is now an adult and the policy is no longer needed.
A charitable gift annuity is a great way to make meaningful gifts while enjoying income and tax benefits that can also help enhance a donor's future financial well-being. Under the terms of a gift annuity, a charitable gift of cash or other property is made. Then the donor and/or others if desired receive fixed payments for life. Payout rates vary depending on your age.
Ask your tax professional about the tax-saving advantages of a charitable gift annuity with Passavant. Feel free to contact the Foundation Office at 217-479-5575 for an illustration of income payments personalized for you.
A beneficiary designation clearly identifies how specific assets will be distributed after your death. Simply name the Foundation as a beneficiary to receive assets such as retirement plans and life insurance policies. Not only is it an easy way to give, but it is also flexible—you are not locked into the choices you make today. You can review and adjust beneficiary designations any time you want.
An endowment provides long-term stability as the principal donated is never withdrawn. Instead, interest income is used each year in accordance with the donor's specified instructions.
An endowed fund is an effective, thoughtful and lasting way of recognizing the life and accomplishments of a loved one, while at the same time advancing patient care at Passavant.
Frequently, an endowment is created to support an area of personal interest, a specific department or for use at the PAH Foundation board's discretion. Because the principal amount is never withdrawn, endowments are truly gifts that keep giving year after year.
Gifts of Grain
The Grains for Health program gives area farmers the opportunity to donate 100 bushels of grain, or an amount of their choice, to the Passavant Area Hospital Foundation. Gifts of grain support Passavant Area Hospital’s Emergency Department.
Farmers transfer ownership of grain directly to the Foundation. Then, the Foundation works with the local grain dealer to sell the grain. Because the grain is donated, the farmer can realize significant tax savings.
IRA Charitable Rollover
As of December 18, 2015, the IRA Charitable Rollover was passed by Congress and signed into permanent law by the President, allowing taxpayers age 70 ½ or older to transfer up to $100,000 annually from their IRA accounts directly to charity without first having to recognize the distribution as income.
Friends of Passavant find it easy and advantageous to make gifts with their annual minimum qualified distribution.