Mary & John Elliot Charitable Foundation
What is the Mary & John Elliot Charitable Foundation?
Join The Circle of Caring
Mary & John Elliot Board of Trustees
MARY & JOHN ELLIOT
CHARITABLE FOUNDATION
Planned Giving
Introduction
Mary Elliot established Elliot Hospital in 1890 as a result of a planned gift and bequest, in addition to her deep belief in community-based healthcare.
Through the years, Elliot Hospital has strived to meet the communities ever-changing healthcare needs through acquiring state-of-the-art technology, securing the availability of an appropriate continuum of care, and implementing services designed to elevate our residents’ health and well-being. The result: Elliot Health System, in keeping with Mary Elliot’s vision, maintained its not-for-profit* status and emerged as a leader in providing comprehensive healthcare to the community.
It is these ever-changing needs that the Mary & John Elliot Charitable Foundation (also a non-profit organization) plays a crucial role in securing economic resources imperative to preserving Elliot’s leadership status in providing quality healthcare. Together with Elliot Health System, The Mary & John Elliot Charitable Foundation seek and accept gifts that are deductible as charitable contributions and which will have an impact on the health and well being of our community.
* Elliot Hospital and The Mary & John Elliot Charitable Foundation are not-for-profit, public benefit corporations with Federal and State tax-exempt status under IRS 501©(3).
As a not-for-profit charitable entity, Elliot Health System seeks community support to cover the costs associated with meeting the healthcare needs of individuals who lack health insurance and to cover those costs that are not reimbursed through insurance. In-kind gifts, financial donations, and volunteerism enable Elliot to build and maintain the highest quality healthcare in a network that provides a continuum of care to our community at every age and stage of life.
The Mary & John Elliot Charitable Foundation raises money and accepts gifts for the sole benefit of Elliot Health System. Funding campaigns are typically in the form of an annual appeal, capital funding initiative, planned giving, events, tributes, memorials and more.
Your giving will help Elliot continue to pave the way for life-saving equipment, programs, and education for our patients, family, friends, and neighbors.
For your thoughtful gifts, past and future, thank you for your support!
There are many ways to leave a lasting impact on a charitable organization. Planned gifts are the best means for ensuring that your charitable wishes are fulfilled while ensuring income and stability for you and your loved ones. Here are a few examples of the different options available to you:
Bequests- This is the simplest type of planned gift that requires only language in an individual’s will leaving cash, property or real estate to an Elliot organization. Bequests are revocable. If you have already established a provision in your will remembering Elliot, please notify us so we may invite you to join the Elliot Heritage Society.
Trusts- These are a more sophisticated way of leaving a planned gift and can take on different forms (Charitable Remainder Unitrust (CRUT) or a Charitable Remainder Annuity Trust (CRAT)). Both types of Charitable Remainder Trusts provide for specific distributions for one or more beneficiaries for life with an irrevocable interest to be held for the benefit of a charitable organization.
Charitable Gift Annuities- These are contracts established between donors and the charity of their choice allowing the charity to enjoy the benefit of a more substantial gift while the donor receives a guaranteed payment each year from the charity. The American Council on Gift Annuities offers appropriate rates so charitable organizations are not competing based on rates offered to prospective donors.
Charitable Lead Trust- These are somewhat opposite of a Charitable Remainder trust in that the CLT is established with a distribution flowing to the charitable organization for a specified period of time. The remainder interest is retained by the donor and reverts to him or her or some other specified, non-charitable beneficiary.
Life Insurance- Donors may name a charity as the beneficiary of their policy. Accepting life insurance does come with risk if the policy is one that is not paid.
Retirement Plans-Donors may name a charity as the beneficiary in whole or in part or as a contingency beneficiary of a qualified retirement plan (IRA’s, 401k’s, 403b’s, and more).
This is not an all-inclusive lists of the ways in which planned gifts may be received by Elliot Health System, however, it does give some good examples of the options open to you in your planning.
For more information about planned giving and the Elliot Heritage Society, please contact the Mary & John Elliot Charitable Foundation at 603-663-8934 or email your question to foundation@elliothospital.org.
Benefits of Making a Planned Gift
Planned giving allows you to leave a legacy and give in a manner you never dreamed possible. Planned giving is prudent for many reasons and including Elliot Health System in your plans will have a lasting impact on the community while enabling you to derive a benefit.
Community Impact:
- Further the mission of Elliot Health System
- Support a capital project
- Support charity care
- Support innovative programs
- Promote wellness education
- Enhance community good health
Individual Benefits:
- Maximize your charitable contribution
- Tax deductions
- Avoid estate taxes
- Turn appreciated assets into income for yourself and others
- Leave a lasting legacy
- Reach your philanthropic goals
For more information about planned giving and the Elliot Heritage Society, please contact the Mary & John Elliot Charitable Foundation at 603-663-8934 or email your question to foundation@elliothospital.org.
