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Ways to Give

It’s easy to make a financial donation to Cottage Health with cash, check or credit card. But there are several other innovative ways to donate that you may want to consider. These include options for planned giving that offer you financial benefits.

Celebrating Life & Loved Ones

Make a gift in honor of a special person or life event such as a birthday, graduation or anniversary. Or celebrate the memory of a family member, friend or important person in the community. To learn more, call 805-879-8980.

Securities

Gifts of appreciated securities, such as stocks and mutual funds, may offer big tax advantages. These include forgiveness of the tax on capital gain and an income-tax charitable deduction for the fair market value of the securities. To learn more, call 805-879-8980.

Including Cottage in Your Will

You can leave a legacy for future generations by remembering Cottage Health in your will. The arrangement may have estate tax planning benefits as well. To learn more, please email Carla Long or call at 805-879-8987.

Contribute to Our Endowment

Participate in Cottage Health’s general endowment or create a named endowment. Gifts to the general endowment may start at $25,000 or more, while named endowments, which can be directed to support a specific purpose, start at $1 million dollars. To learn more, contact Vice President for Advancement David Dietrich, 805-879-8980.

Gifts that Provide Income

Join Cottage’s friends as we combine charitable giving with retirement planning. A charitable gift annuity, also called a life-income gift, is a creative strategy that allows you to donate to Cottage Health while securing a reliable retirement income stream.

Here’s how it works: You transfer assets to support the Cottage Health hospital foundation of your choice and receive a tax deduction for a portion of your assets. In return, you receive annual payments of a fixed amount from the foundation for the rest of your life. Your future income is guaranteed regardless of what happens in the market. And a portion of it may be tax-free.

You choose when the payments start. And you can share them with another person or designate another person to receive the payments instead of you.

Estate planning is a highly specialized area. Before implementing this strategy, consult your personal financial advisor or an estate-planning advisor. We can help as well. To learn more about making a life-income gift to Cottage, contact Carla Long at 805-879-8987 or by e-mail.

Learn more details about planned giving options such as charitable gift annuities through our online resources.