Since 1896, thousands of persons throughout the Inland Northwest have helped advance the mission of Deaconess and Valley Healthcare.  You can join these friends in supporting the patient care, research, education and community outreach programs provided throughout the Empire Health Services facilities. The following information will help guide you through the possibilities.

Please complete the online gift form and mail with your check or money order to the Deaconess and Valley Healthcare Foundation.

Call the Deaconess and Valley Healthcare office Foundation at 509-473-7670 to make your gift over the phone.

The Deaconess and Valley Healthcare Foundation Tribute Program allows donors the opportunity to remember special individuals with a memorial or honorary gift.  A memorial gift honors the life and work of a loved one and serves to reflect upon memories that last a lifetime.  A honorary gift represents a thoughtful and meaningful way to recognize an individual who has had a remarkable impact on your life.  Perhaps a physician, nurse, or other caregiver went above and beyond the normal to help you or a loved one cope with a difficult situation – say thank you through a gift in honor of that person or persons.

Transferring securities, such as stocks or bonds, represent a very easy and efficient way to support the Deaconess and Valley Healthcare Foundation.  A gift of long-term (held more than one year) appreciated stock offers you two distinct tax advantages:

• You bypass all capital gains tax on the increase in the value of the stock.
• You receive a charitable income tax deduction based on the full market value of the stock at the time of the gift.

You can still enjoy a ‘win-win’ situation for securities that have fallen in value.  The depreciated stock should be sold to establish your loss for tax purposes.  You can then make a gift of the sale proceeds.

If you are interested in a gift of securities, please contact the Deaconess and Valley Healthcare Foundation at 509-473-7670 or foundation@empirehealth.org or your professional advisor.

Give your home to the Foundation and stay there!  If you own real estate – a residence or farm – and do not want to face potential capital gains were you to sell.  Or maybe you want to reduce your taxable estate while supporting the programs and services of Deaconess and Valley Healthcare.

You can accomplish these goals through a “Retained Life Estate”.  You would deed the property to the Foundation and retain the right to use the property as you wish for life.  This gift results in an immediate charitable income tax deduction for the remainder value of the property.

The life insurance policy you purchased years ago may no longer be needed for your family’s security as it once did.  Consider the benefits of donating the policy to the Deaconess and Valley Healthcare Foundation. 

If you give the policy to the Foundation, you generate an immediate income tax deduction based on the cash surrender or replacement value of the policy.  If the policy requires premium payments, you can donate those dollars to the Foundation and receive a charitable deduction.

If you name the Foundation as the beneficiary, you do not receive a current tax benefit.  However, at your death, the policy benefit becomes an estate tax deduction.

Making a significant gift to the Deaconess and Valley Healthcare Foundation does not necessarily require permanently parting with your asset(s).  The Foundation can offer you and your professional advisors several ways to make a gift while receiving income – a ‘split-interest’ gift.

The most common split-interest gifts are charitable gift annuities, charitable remainder annuity trusts and charitable remainder unitrusts.

Each gift differs somewhat, but all provide the following benefits:

• Income payable to you and your spouse (or another person) for life or a set number of years.
• Current charitable income tax deduction.
• Bypass or significantly reduce any capital gains tax when appreciated securities or real estate is the basis of the gift.
• Increased income in most cases compared to what the asset yielded prior to the gift.

Charitable Gift Annuities

This is a simple, contractual agreement between one or two donors and the Deaconess and Valley Healthcare Foundation.  The donor agrees to give assets to the Foundation and the Foundation will pay a fixed, regular income to the donor(s) for the remainder of his/her life.  You can never outlive these payments and never have to worry about the fluctuations of the financial markets. 

Each month, quarter, or once a year – your choice – you will receive a check guaranteed by the full value of the assets of the Foundation.   A portion of the income is tax-free and does not count when determining the tax on Social Security income.

Consider JoEllen’s situation…JoEllen is 75-year old retired school teacher who has carefully invested over the years but needs a higher return.  She has also supported Deaconess and Valley Health and Medical Center over the years and would like to make a significant gift to support their services.  But she can’t give up her assets – or can she? 

JoEllen attended a Foundation seminar and was very pleased to learn about a charitable gift annuity through the Deaconess and Valley Healthcare Foundation.  This was the perfect way she could receive additional income and make a gift with a lasting impact for her community.  JoEllen converted one of her maturing certificates of deposit in the amount of $15,000 - which would have earned below 4% (had she renewed it) into a powerful life income gift earning 7.1%!   She received a charitable income tax deduction of $6,845 – while receiving $1,065 each year for the rest of her life.  JoEllen was delighted that the tax-free portion of her income totaled $657 – increasing her effective rate to 9.7%.  All these benefits and supporting Deaconess and Valley Healthcare Foundation – what a win-win!!

Charitable Remainder Trusts

This gift vehicle allows a current gift while providing future income for the lifetime of the donor and spouse (or another person).  At the end of the trust, the remaining funds go to the Foundation to support the mission of Deaconess and Valley Healthcare. 

The donor transfers assets such as stocks, bonds, property, etc. into a trust.  The trust, being a charitable trust, pays no taxes on the sale of the assets.  The donor determines the level of income, timing of distributions, and can even serve as the trustee.  As with any irrevocable gift, please consult your professional advisor regarding your specific situation.

The trust pays a fixed annual amount to the donor(s) that is determined when the trust is created – a Charitable Remainder Annuity Trust.  The payment does not change over time and the donor may not contribute any additional assets to the trust after its creation.

With a Charitable Remainder Unitrust, the annual payout is based on a fixed percentage of the market value of the assets, which is determined each year.  This can offer the donor(s) protection of the purchasing power of the income received.

To find out how you can benefit from a gift that gives back, please contact the Deaconess and Valley Healthcare Foundation, at 509-473-7670, or foundation@empirehealth.org or your professional advisor.

Many families are pleased to discover how assets can pass to the next generation, reap significant tax benefits, and support the mission of Deaconess and Valley Healthcare. 

A Charitable Lead Trust allows a donor to realize significant income, gift, estate, and/or generation skipping transfer tax benefits.  The trust is created with assets likely to increase in value over time and produce income.  The trust makes payments to the Foundation for Deaconess and Valley Healthcare during the term of the trust.

At the end of the trust, the assets can revert back to the donor (a grantor lead trust) or to the children (or other persons) named by the donor (a non-grantor lead trust).  In the non-grantor lead trust, the persons receiving the assets tax free – any taxes due are paid by the donor when the trust is created.