Giving Options
Honor a Loved One with a Memorial Gift
Through a memorial gift to our
Hospice Services or The
Thomas P. Perciak Family Residential Hospice facility, you can pay tribute to a loved one and help future patients
and families during the most difficult of times.
Make an online donation today or contact the Southwest Health Foundation at
440-816-6713. Together we can make a difference for those receiving hospice care in
our community.
Planned Giving: The Sprague Haven Society
In 1920, a group of local residents raised $100,000 in only 10 days to
build a much-needed 32-bed hospital in Berea. During the five years it
took to build this new facility, which would later become Southwest General
Health Center, patients were cared for in the former home of the generous
Milton Sprague – also known as Sprague Haven. Nearly 100 years later,
this tradition of philanthropy continues through the Sprague Haven Society.
Leave Your Legacy through Planned Giving
Planned giving can be a powerful way for families to pass down shared values
and is an important part of your own personal legacy. As a member of the
Sprague Haven Society, you have the chance to empower care for years to
come through a planned or after-life gift. The most common forms of planned
gifts are:
-
Bequest: A provision made in a donor's will, through which an organization receives
cash and/or other assets at the time of the donor's death.
-
Charitable Gift Annuity: A legal contract between the donor and the organization, through which
the donor exchanges cash, stocks, or other assets for an agreed-upon income for life.
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Retirement Funds (IRA, 401k): If you are 70 ½ or older and take required minimum distributions
from your IRA, you pay income tax on those distributions. A charitable
alternative may be to make direct transfer from your IRA to Southwest
General for a tax-free gift of up to $100,000 each year.
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Life Estate Contract: An agreement established by donors transferring a deed of real property
to an organization while reserving for themselves and/or someone else
the right to live on or use the property for life. Charitable deductions
for life estate contracts are limited to properties that are either personal
residences or farms.
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Life Insurance Policy: A legal contract that when the donor, or person whose name the insurance
policy is in, passes away, Southwest General would be a partial or full
beneficiary of the policy.
For more information on planned giving, please contact us at
440-816-6713.