Ways to Give to Help Your Community
Charitable giving is a uniquely personal statement. It can be your way of showing what you consider to be important in the world.
Donations may include cash, securities, real estate, and insurance policies and may be designated for a specific use within the hospital or health care system. A deferred gift, such as a bequest or charitable trust, can also be an important part of your estate plan.
No matter how you choose to give to the McLaren Bay Medical Foundation, your contribution is a perfect way to make a lasting contribution to your "community of friends."
Give by mail
Please make your check payable to McLaren Bay Medical Foundation and mail to:
McLaren Bay Medical Foundation
1900 Columbus Ave.
Bay City, MI 48708
Give by phone
Please call the foundation office at 989-895-4725 and a representative will be happy to help you make your gift over the phone. Please have your credit or debit card information ready.
Monthly Giving
Giving a recurring donation every month or quarter allows many to easily make a significant gift with ease and affordability. An automatic monthly gift can be scheduled via credit card for the day of the month that you choose. Call the foundation office at 989-895-4725 if you have more questions or CLICK HERE if you would like to set up your monthly or quarterly gift.
Appreciated Securities
Gifts of securities may offer you significant tax benefits. Contributions of appreciated securities held for more than one year are generally tax-deductible at market value, regardless of what you paid for the securities. This may provide you with capital gains savings, as well as a charitable income tax deduction. It is important to transfer the stock to the McLaren Bay Medical Foundation to take advantage of the tax incentives associated with making this type of gift.
McLaren Bay Medical Foundation is a recognized 501 (c) 3 non-profit organization, EIN # 38-2156534.
Instruct your broker to provide the following transfer details to the Foundation, including:
- Your name, address and telephone number
- A description of the securities including the symbol
- Number of shares
- Expected transfer date
Contact your financial advisor with specific questions about your tax situation. If you have any questions, please call the Foundation office at 989-895-4728.
IRA Charitable Rollover or Qualified Charitable Distribution (QCD)
The IRA Charitable Rollover is a great way to make a tax-free gift to McLaren Bay Medical Foundation using your IRA. This gift may also satisfy your required minimum distribution (RMD). IRA funds must be directly transferred to McLaren Bay Medical Foundation. Contact Lynn Weaver at 989-895-4728 for detailed instructions on how to make a direct gift from your IRA account.
CLICK HERE for the latest news about The Secure Act and Giving From Your IRA
Bequests
If you have decided to leave a future gift to support McLaren Bay Medical Foundation’s mission, one of the easiest ways to do so is by making a bequest in your will. Bequests are easy to arrange and can be modified should the need arise. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Best of all, a bequest allows you to leave a lasting legacy in your community– ensuring that your neighbors, friends and future generations have access to the very best care.
With the help of an attorney, you can include language in your will or trust specifying a gift be made to family, friends or McLaren Bay Medical Foundation as part of your estate plan.
Sample Bequest Language
You can give the balance or residue of your estate after you have made arrangements for your family:
“After fulfilling all other provisions, I hereby give, devise and bequeath to McLaren Bay Medical Foundation, a nonprofit organization located at 1900 Columbus Ave., Bay City, MI 48708, Federal Tax ID #38-2156534, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for the area of greatest need at the time the gift is received.”
You can give a percentage of your estate:
“I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to McLaren Bay Medical Foundation, a nonprofit organization located at 1900 Columbus Ave., Bay City, MI 48708, Federal Tax ID #38-2156534, to be used for the area of greatest need at the time the gift is received.”
You can give a specific dollar amount:
“I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to McLaren Bay Medical Foundation, a nonprofit organization located at 1900 Columbus Ave., Bay City, MI 48708, Federal Tax ID #38-2156534, to be used for the area of greatest need at the time the gift is received.”
You can make a contingent commitment for a gift:
“If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to McLaren Bay Medical Foundation, a nonprofit organization located at 1900 Columbus Ave., Bay City, MI 48708, Federal Tax ID #38-2156534, DESCRIPTION OF PROPERTY to be used for the area of greatest need at the time the gift is received.”
Unless otherwise noted, your gift will help us to address the areas of greatest need at McLaren Bay Region at the time it is received. Your gift may be used to acquire new equipment or technology, address local community health concerns, provide scholarships for nurses or build new facilities!
Life Insurance
Naming the Foundation as beneficiary or partial beneficiary of a life insurance policy is the easiest way to create a legacy. All you need to do is sign a beneficiary designation form. If you use group life insurance, there may be income tax benefits as well as estate tax benefits. Older policies that are no longer needed (such as GI insurance) can be donated to the Foundation, entitling you an income tax deduction.
Donor Advised Fund
Do you have a Donor Advised Fund? Donor Advised Funds are the fastest-growing giving method and tax-efficient way to manage charitable donations. Donor Advised Funds allow donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.
Each organization will have the appropriate forms to complete these donations, which you can usually access through an online portal or working with your fund adviser. Your sponsoring organization can then complete the transaction to distribute funds to the McLaren Bay Medical Foundation. Please provide:
- Legal Name: McLaren Bay Medical Foundation
- Federal Tax ID#: 38-2156534
- Mailing Address: 1900 Columbus Ave., Bay City, MI 48708
- Amount of gift
- The purpose or fund that you would like to support with your gift, or, if you wish to provide the most flexibility for the use of your gift, “the area of greatest need”
Matching Gifts
Many employers sponsor matching gift programs and will match charitable contributions made by their employees. If your company offers this incentive, request and complete a matching gift form from your employer and let us know. You can double the impact of your gift.
Charitable Gift Annuities
Charitable gift annuities (CGAs) are one of the simplest and most popular forms of life income gifts. It involves a simple agreement whereby the charity accepts a gift of cash, securities, or property and agrees to pay a specified, fixed dollar amount to the annuitant (the donor or another beneficiary).
The fixed amount is set by the American Council on Gift Annuities and is based on the annuitant's age. Because the gift is irrevocable, the charity maintains control of the gift and becomes responsible for paying income for the lifetime of each annuitant.