Reflections on Giving:
PAMF 2000 Annual Report
Opportunities for Giving
Private philanthropy has allowed the Palo Alto Medical Foundation to build its commitment as a community health resource, leading the way in patient care, biomedical research and education. The generosity of those who give to PAMF makes a crucial difference in our ability to fulfill our mission to the community.
Types of gifts
Unrestricted gifts
Unrestricted gifts to PAMF give us the flexibility to support areas with the most pressing need or potential -- in patient care, education and research. These gifts help ensure that important programs and services are nurtured.
Restricted gifts
Gifts can be made to a range of specialty services or programs, consistent with the donor's personal interests. Memorial/Honorarium Gifts may be made in any amount, and for any purpose. The Foundation promptly notifies the appropriate party of the gift.
Endowed gifts
A minimum contribution of $25,000 made through either a lifetime gift or by a bequest establishes an endowed fund, which may be named for the donor or someone to whom the donor wishes to pay tribute. The principal is preserved and a portion of the income supports the purposes of the fund as specified by the donor.
Capital gifts
Capital gifts for building construction, equipment or renovation provide caregivers with efficient facilities to deliver state-of-the-art care to patients and support researchers' ability to conduct key research.
Naming opportunities
The Foundation is pleased to offer donors a wide range of naming opportunities to recognize their contribution. With commitments starting at $25,000, an area in one of our facilities may be named for, or in honor or memory of, an individual, or a named fund may be created.
Assets to give
Cash
A gift of cash is the simplest, most straightforward and immediate way to give to the Palo Alto Medical Foundation. Cash gifts may be pledged over a period of up to five years and are fully deductible up to 50 percent of the donor's adjusted gross income.
Appreciated securities
A gift of long-term appreciated securities is exempt from capital gains taxes, currently at a maximum rate of 20 percent. In most cases a donor can claim a charitable income tax deduction equal to the full fair market value of the appreciated securities. The gift is deductible up to 30 percent of the donor's adjusted gross income.
Real estate
In some cases property can be given outright to support PAMF, and the donor receives a charitable income tax deduction for the fair market value of the property. Real estate gifts also can be used to fund a life income arrangement.
The planned giving program
The Society for a Healthy Future honors donors who have made life income gifts to PAMF, remembered us in their wills, or created endowed funds.
Life income gifts
Life income arrangements vary, but most options offer the following financial benefits:
- An income for life to the donor and a second beneficiary
- A charitable income tax deduction
- A reduction or avoidance of capital gains taxes
- Savings on estate and gift taxes
- Professional investment management
Charitable gift annuities
Charitable gift annuities provide the donor, or their designated beneficiary, with a fixed annuity that is guaranteed for the life of the annuitant(s). Rates are highest for older donors. The minimum gift is $5,000.
Charitable remainder trusts
Charitable remainder trusts are personalized management plans. Donors select a payout rate, usually 6 or 7 percent, that pays an income to the donor annually. Annuity trusts provide the donor, or their designated beneficiary, with a fixed annual payment. The distribution paid from a unitrust varies based on the periodic value of the trust assets.
Bequests
For many donors, gifts made through their wills are the best way to make a key contribution to PAMF. Through a bequest, a donor can make a gift without depleting current assets and eliminate or reduce federal estate taxes. If you have included the
Palo Alto Medical Foundation in your estate plan, please let us know.
For more information
For additional information about making a gift to PAMF, or to inform us of your bequest, call Anne Bachan Jigger, Vice President, Philanthropy, at 650/853-6076.
Gifts may be made payable to:
Palo Alto Medical Foundation (for the Palo Alto division)
or
PAMF - Camino division (for the Camino division)
and mailed to:
Palo Alto Medical Foundation
Office of Philanthropy
795 El Camino Real
Palo Alto, California 94301