Springfield Area
Health Care Foundation
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  Making Donations
 

 

 

All gifts, no matter the size, will be accepted with gratitude.

The Foundation welcomes inquiries about gifts, which will serve the health care needs of the community and surrounding area now and in the future.

Donations in excess of $100 are recognized on the Wall of Honor within Springfield Medical Center - Mayo Health System.

Please be aware that some ways of giving are more advantageous than others. We suggest that you seek the advice of your attorney and/or tax advisor when planning your gift.

You may download the donation form here in PDF format.

 

 

Gifts Through Your Will
You may wish to contribute to the Foundation in your will, by naming the Foundation to receive property, a specified amount of money, securities or bank accounts. It is important to note the correct wording for making gifts to the Foundation. We recommend that you utilize the attorney of your choice when making your bequest.

 

Insurance
A life insurance policy can be an advantageous way to make a gift. By assigning ownership to the Foundation, you will receive a tax deduction for the cash value and eliminate the proceeds of the policy from your estate. If you continue to pay the premiums on the transferred policy, a tax deduction is allowed for such payments.

 

Life Income Gifts
It is possible for you to make a gift while retaining a life income interest. An annuity is an example of a life income gift. Consult your local insurance agent or attorney for other methods of these types of gifts.

 

Cash Donations and Memorials
The largest number of gifts to the Foundation are in cash or checks, which may be made payable to the Springfield Area Health Care Foundation. Envelopes for memorials are available at the Springfield Medical Center and area funeral homes. Also find the donation form here in PDF format.

 

Securities
The gift of a security may be an excellent way to support the Foundation. Appreciated securities which have been held for one year or more can be deducted at their fair market value, without any capital gains tax.

 

Real Estate
A personal residence, farm or certain other real estate may be given to the Foundation. Such a gift may be made during your lifetime, or through your will. Your attorney will provide the necessary assistance for this gift.

 

Commodities
You can make your charitable contributions in unsold commodities. For example, you can deliver the crop to the elevator and have the title or warehouse receipt made out in the name of the Foundation.

   
 
Contact the Springfield Medical Center - Mayo Health System Administrator at 507-723-6201. 625 N. Jackson Avenue, Springfield, MN 56087 Send e-mail