McLaren Oakland Foundation
Ways to Give

Ways to Give to Your Hospital

Gifts by individuals, corporations, businesses, and foundations can make a positive impact in many ways on McLaren Oakland and the community by supporting: programs, scholarships and greatest need. Carefully planning your investment at the McLaren Oakland Foundation can stretch the value of your gift, enabling you to do much more for the institution and our community than you may think possible.

A cash gift or check

This can be used immediately in the areas to which it is designated, or a perpetual endowment can be established with gifts or pledges of $25,000 or more. This type of fund generates an annual income for a purpose designated by the donor – a department or program, research, staff support, scholarships/training and uncompensated care.

Publicly traded stocks or bonds

These make excellent gifts and easily can be transferred to the McLaren Oakland Foundation. If the securities have appreciated, you not only receive the benefit of the full fair market value as a charitable income tax deduction, but you also avoid the capital gains tax if you have owned the securities for more than one year. For assistance with a stock transfer, please contact the foundation at 248-338-5731.

A bequest in a will or trust

This stipulates that the entire amount or a percentage of your estate be given to the foundation after your lifetime. Your bequest may be designated to a specific program, research, to a named endowment or scholarships, or it may be unrestricted and used where needed most.

Life-income gifts

Life income gifts provide income to a donor and/or another individual, such as a spouse. The donor realizes income tax savings for the year the gift is given to the foundation. A charitable gift annuity, for example, provides a guaranteed income for a spouse or other loved one, and a deferred income gift annuity provides you with additional retirement income. At the end of the beneficiary’s lifetime(s), the remainder is transferred to the McLaren Oakland Foundation.

Retirement fund assets

These assets after your lifetime, the remainder of your retirement fund can be designated to the Foundation for: programs, endowments, research, community benefit or scholarships.

Life insurance

Life insurance in the form of an old policy no longer needed by the original beneficiary or a newly created policy to benefit the McLaren Oakland Foundation can be a helpful investment in the hospital and community. Small premiums now can generate a major gift in the future, and premiums for these policies may be tax deductible. Many employers provide group life insurance as a benefit, and the McLaren Oakland Foundation can be named for a portion of proceeds. This giving vehicle is an important one for younger donors who wish to make a leadership gift.

Charitable lead trusts

This will provide income to the McLaren Oakland Foundation over a set number of years and then transfer assets to children or other individual(s) named by the donor. This plan enables heirs to receive assets while minimizing taxes.

Other assets

Other assets that may make helpful gifts while saving taxes include real estate (subject to foundation approval), closely held stock, business practices (law, medicine, etc.), partnerships, contracts, leases royalties and patents.

Please contact the McLaren Oakland Foundation at 248-338-5731 to discuss these gift opportunities in more detail.