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Planned Giving

Planned giving is vital to our mission.

There are numerous ways you can contribute to the Chesapeake Regional Healthcare Foundation. Explore the following options and choose the way that works best for you!

Gift Pledges

A pledge is a formal statement of intent to make a gift to the capital campaign. With it, you may complete your gift by making regular payments for up to five years, allowing a more generous gift than you may have originally considered. Additionally, each payment on your pledge is eligible as a charitable donation and income-tax deduction.

Outright Gifts

When you make an outright gift, your contribution can be put to work immediately to help implement the goals of the campaign. An outright gift may consist of almost any asset of value:

Cash gifts – The easiest gift you can make, through outright cash, personal checks, cashier’s checks or money orders made payable to the Chesapeake Regional Healthcare Foundation.

Gifts of appreciated securities, stocks and bonds – These provide considerable tax advantages when transferred to the Chesapeake Regional Healthcare Foundation before they are sold. If you have held your securities for more than one year, you may find that your gift will provide a twofold tax benefit, creating an income-tax deduction as well as helping avoid the capital-gains tax that would have been due on their sale.

Because the Chesapeake Regional Healthcare Foundation has accounts with major brokerage firms, your broker can work directly with them to arrange transfers. Please call the Foundation for further details and instructions.

Physical stock certificates may be sent by certified mail or overnight express, with endorsement on the back of the certificate(s) exactly as stated on the face of the certificate(s). Do not fill in any other blanks. No stock power is necessary as long as you do not fill in the Foundation’s name on the back.

Gifts of real estate – Landholdings, including personal residences, second homes, income property and vacant land, offer a wide variety of tax and other benefits. Whereas most people give their entire interest away, it is also possible to give only a portion of the property (an undivided percentage interest) while retaining the rest for other purposes.

Planned Gifts

A gift from your estate can be counted in the campaign. To learn about deferred or planned gifts, including bequests, trusts, life-income plans and other options for your estate, please contact the Chesapeake Regional Healthcare Foundation.

Life Insurance

Policies can be used to make a gift to the campaign. To do so, the donor must make the Chesapeake Regional Healthcare Foundation the owner and sole irrevocable beneficiary of the policy. The value of the gift will be the cash value of the policy at the time of transfer.

Matching-Gift Programs

An easy way to double, or even triple, your donation to the Chesapeake Regional Healthcare Foundation is to determine if your company has a matching-gift program. Such programs typically match all, or a percentage, of employee contributions to charitable organizations, making the employer a partner in employees’ personal philanthropy. Simply obtain a matching-gift form from your employer’s personnel office, fill it out and provide it to the Foundation with your contribution.

Individual Retirement Accounts (IRA)

Individuals 72 or older can make tax-free gifts of up to $100,000 to the Chesapeake Regional Health Foundation using funds transferred directly from their Individual Retirement Accounts. The gift distribution must be made by Dec. 31. Please note that this law does not include IRA transfers to charitable trusts, donor advised funds, charitable gift annuities or supporting organizations. To explore your options and benefits in planning your donation for the future, please e-mail Foundation@ChesapeakeRegional.com or call 757-312-6314.

Your Benefits

  • The transfer generates neither taxable income nor a tax deduction, so you will receive the benefit even if you do not itemize your tax deductions.
  • The transfer may count against your unsatisfied required minimum distribution.

 

The Chesapeake Regional Health Foundation (CRHF) was established in 1993 to help further the mission and vision of Chesapeake Regional Healthcare (CRH). 

 

Chesapeake Regional Health Foundation

113 Gainsborough Square
Suite 203 
Chesapeake, VA 23320
757-312-6314
Foundation@ChesapeakeRegional.com

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