JMC Foundation -
Planned Giving Programs
The most important consideration in building a
successful strategy for transferring assets is to identify
the charitable organizations you want to support and
benefit from your accumulated wealth. Cash bequests; gifts
of property such as real estate, jewelry, art, boats,
cars, etc; life insurance; securities; a share of residue
of your estate or the remainder of a lifetime trust; are
just some of the many avenues available when considering a
gift or bequest.
At Jupiter Medical Center Foundation, we assist donors in
directing the use of their
gift or bequest. Assets may be designated as
Unrestricted – used at the discretion of the
Foundation’s Board of Trustees to support the mission
of Jupiter Medical Center; or
Restricted – used exclusively for a specific
purpose or program as designated by the
donor; or an Endowment –funds deposited into a
general endowment fund where the
principal remains invested, while the interest is used to
support projects.
Unrestricted Funds
Unrestricted funds are vital contributions as they
provide the financial support to insure
Jupiter Medical Center can formulate strategic responses
to the highly dynamic medical
needs of our rapidly growing community. This insures the
medical center’s capability
of providing superlative healthcare is maintained by
constantly upgrading diagnostic
and treatment equipment, creating an environment of
compassion and caring and securing distinguished medical
talent. Donors electing to contribute to Unrestricted
Funds provide essential and fundamental financial support.
These funds are used for the most important and immediate
needs of the hospital.
Restricted Funds
As the name would imply, “restricted funds” are earmarked
or “restricted” for a specific
program or project designated by the donor. At Jupiter
Medical Center there are numerous established programs or
disciplines that require financial assistance to insure
they remain competitive. Such programs include; The Ella
Milbank Foshay Cancer Center, Women’s Services, The
Pavilion, and specified capital campaigns for buildings or
equipment.
Endowments
Monies placed into an endowment fund are invested so the
principal remains constant
and only the interest generated from the investment is
used to support the hospital.
In 2001, Jupiter Medical Center Foundation retained
managed endowments exceeding
$13 million.
Another important option is a named endowment
consisting of a gift to memorialize a
family member or yourself. A named endowment can be
established with an initial
donation of $250,000. Again, the principal is invested
while the interest supports
the program. In this fashion, the name lives on in
perpetuity as a constant symbol of
philanthropic leadership.
Charitable Gift Annuities
A charitable gift annuity is a
simple contract between a donor and Jupiter Medical
Center Foundation (JMCF). In exchange for an irrevocable
gift of cash or securities, JMCF agrees to pay one or
two annuitants a fixed sum monthly, quarterly,
semiannually or annually for life. JMCF’s general
resources guarantee the payments. Charitable gift
annuities may be created with a gift of $10,000 or more.
Creating a charitable gift annuity is a great way to
contribute to JMC, receive a generous, guaranteed
income, and benefit from tax savings while providing
much-needed support to Jupiter Medical Center.
Click here
for more information on Charitable Gift Annuities
