Making a Gift to the Cayuga Medical Center Foundation
Thank you for considering a
donation to the Cayuga Medical Center Foundation.
At Cayuga Medical Center, we
are deeply invested in remaining a strong, independent, locally controlled and operated
health-care system. This enables us to be truly responsive to our community and
to deliver the care our patients need and deserve. Comprehensive health care
services also play a crucial role for local businesses and organizations to
grow and thrive and attract talented newcomers. Your gift will help us sustain
this vision and fulfill our mission.
Designating your gift
You may designate your gift
for our general endowment fund or toward one of our fundraising initiatives.
You can also specify your gift in memory or honor of someone, or designate it
to help celebrate a special anniversary or event.
To learn more about making a
gift to Cayuga Medical Center, just click on the links below:
● Contacting Us with Your
● Giving Options, Planned
Giving, Annuities, and Trusts
● Gifts other than Monetary
● Events of Interest
● Celebrating Others Through
● Choosing the Path for Your
● Do You prefer to Give Your
Time, Effort, and Spirit?
● Our Heartfelt Thanks
Contacting Us with Your Gift
Giving is easy! Here are the ways to contact us with
● Day or night, just
click on this link to make a secure gift on line.
Your information is carefully protected and the form takes just a few moments
to fill out.
● Would you prefer to speak with someone in
person? You are welcome to call Janice Hertel, executive director of the Cayuga
Medical Center Foundation at 607-274-4284 between 8:30 a.m. and 5:00 p.m. If
you don’t reach her, she will return your call within twenty-four hours.
She can process your payment; or, if you’re not sure what kind of gift
you’d like to make, Jan can discuss the options with you.
● If you’d like to send a check
through the mail, you can send it to:
Cayuga Medical Center Foundation
101 Dates Drive
Ithaca, NY 14850
Please make the check payable to: Cayuga
Medical Center Foundation.
There are many options for
supporting Cayuga Medical Center.
Outright cash donation: Online, by phone, or by
mail, you can make an outright donation of funds. There is no such thing as a
donation that is too small–every gift is appreciated.
Pledges can also be arranged on line or by speaking with Jan Hertel
at (607) 274-4284. We are pleased to accept pledges within a three-year time
Matching gifts can sometimes be arranged through your employer.
The Human Resources department where you work will let you know if a matching
gift is an option for you.
Appreciated securities and stocks not only provide
excellent support for the hospital, but making such a gift to the Cayuga
Medical Center benefits you, as well by reducing your capital gains tax or
providing a charitable deduction on your income tax.
Below you’ll find some
of the many kinds of opportunities for planned giving.
If you know you’d like
to help but are not sure which option is perfect for you, please call Jan
Hertel at 607-274-4284. She will be happy to talk with you. You may also want
to discuss your choice with your lawyer or tax accountant to make sure your arrangements
are in good order. Deductibility varies in percentage among different kinds of
gifts. Some of the options for planned giving follow:
Charitable gift annuity: A charitable gift annuity is an
arrangement by which you put some quantity of assets in the name of the Cayuga
Medical Center Foundation. In turn, we commit to providing you or a beneficiary
with a certain level and frequency of fixed payments taken from the income on
those securities through your lifetime. At the end of the specified period, the
principal reverts to the Cayuga Medical Center. Such an arrangement can
represent substantial tax savings, both on income and estate taxes. These
annuities can be tailor made to suit your preferences in terms of payees,
Charitable remainder annuity trust
Under this plan, the donor
places in trust a certain quantity of assets, and payments are made to the
donor or beneficiary at an agreed-on rate and schedule throughout the donor and
beneficiary’s lifetime(s). At the end of the beneficiary period, the
assets are transferred to the Cayuga Medical Center Foundation. This plan
allows the donor to take a tax deduction in the year that the trust is
Charitable remainder unitrust
This arrangement follows the
basic blueprint of a charitable remainder annuity trust; however, rather than
pay a fixed amount of income to the donor, the grantee pays an agreed-upon
percentage of the assets’ yield to the donor. Additionally, the donor
may, if she or he chooses, increase the funding base with additional assets
Pooled income fund
This is a variation on a
charitable remainder annuity trust. Under this arrangement, the CMC Foundation
sets up a pooled income fund by which more than one donor can participate in
the same giving plan.
Revocable living trust
Under a revocable living
trust, the grantor transfers the legal ownership of the assets concerned to the
trust. This arrangement differs from that of an irrevocable trust in that the
grantor may amend the terms of or discontinue the trust at any time.
Contribution to donor advised funds
Convenience and substantial
tax savings lead the benefits of contributing to a donor advised fund. In some
cases, capital gains taxes may be avoided, thus allowing you to make your
donation dollars go a long way at less cost to you. In a donor advised fund,
your contribution is pooled with that or others to maximize its impact. While
the institution reserves the right to make a final decision regarding the
implementation of the funds, your advice is welcome regarding your preferences
for the use of the gift.
Gifts other than Monetary Funds
Cayuga Medical Center is
also pleased to consider donations of property of value. Please note that gifts
of tangible property may require appraisals by independent professionals for
IRS considerations. Some donations we accept include:
● Real estate
● Retirement accounts
● Life insurance
● Savings bonds
● Collections having value
Events of Interest
We welcome your
participation in events that celebrate our fundraising initiatives. Click here
to see our calendar of recent and upcoming events.
Celebrating Others Through Your Gift
The Cayuga Medical Center is
always glad to be a part of paying tribute to a special person or people or a
celebrated event. If you make a gift in honor of a person, the Cayuga Medical
Center Foundation will be pleased to send a notice to the honoree. Of course,
the specific amount of the gift will be held in confidence.
Another way to pay tribute
is by including in an obituary the suggestion that honorific donations be made
to the medical center. (“Gifts in honor of [name] may be made to the
Cayuga Medical Center Foundation, 101 Dates, Drive, Ithaca, NY 14850”)
The name of the honoree will
be displayed in our annual report and on donor walls if so desired. Naming opportunities exist for
substantial gifts of support.
Choosing the Path for Your Gift
Who chooses the way your money
will be spent? You do. You may designate your gift for our general endowment
fund or toward one of our fundraising initiatives. You can read about our
current initiatives or call CMC Foundation executive director Jan Hertel for
Do You prefer to Give Your Time, Effort, and Spirit?
We have over 200 volunteers
at Cayuga Medical Center, and they bring light and life to our hospital. Their
welcoming faces brighten the atmosphere of many hospital departments, as well
as our Gift Shop on the first floor. To learn more about the ways in which you
can participate, just click on Volunteers
Our Heartfelt Thanks
All gifts to the Cayuga
Medical Center Foundation receive a personal thank-you letter from our
president and CEO, John Rudd. These letters may be used for tax
purposes. We customarily thank our donors publicly in the medical
center’s annual report and on donor walls. However, if you wish to remain
anonymous we will rigorously safeguard your privacy.