Longmont United Hospital Foundation
Partners in a Healthy Relationship
The Longmont United Hospital Foundation's partnership with the hospital helps us plan for the future and meet new challenges in the changing healthcare field.
All gifts to the Foundation are designated exclusively for programs and services of Longmont United Hospital; a community owned and managed not-for-profit, charitable organization. The Hospital was built with money raised from our community, and belongs to the communities we serve. They committed their vision and philanthropic support to make it the caring healthcare facility we know today.
The Hospital receives no tax support to sustain its operation.
How does the Foundation receive its support?
We receive gifts from many different sources throughout the community. In addition to gifts received from our hospital family (board members, physicians, employees and volunteers), our donors include businesses, foundations, service and community groups and many thoughtful and generous families and individuals.
Will my gift reduce my taxes?
In addition to giving you income tax relief, a gift to the Foundation can reduce taxes on estates and capital gains, lowering the actual cost of your gift significantly. How much depends on your tax bracket and other considerations, so you will want to consult your accountant, financial advisor, or the Foundation Director. More importantly, your gift gives you're the satisfaction of investing in a most deserving and worthwhile organization.
How can gifts to the Foundation be arranged?
There are a number of ways in addition to making outright gifts. Some examples are charitable trusts, gift annuities, life estate contracts, wills, life insurance and other tangible assets such as real estate.
A simple explanation of a "Planned Gift:"
Let's consider the following:
- You can give appreciated property (such as stock or real estate) to the Foundation and pay no capital gains tax on the property, no matter how much it has appreciated in value. Additionally, the full fair market value of the property, if you have owned it for more than one year, is deductible in the year of the gift.
- You can deed property or other real estate to the Foundation but retain full use and income from it for life or a specified period of time. In addition, you can realize an immediate tax deduction based on IRS actuarial tables.
- You can surrender ownership of a life insurance policy to the Foundation and deduct the amount of the premiums or cash value of the policy from you taxes.
These are only a few of the different ways of giving to the Foundation. The Director of the Foundation can explain various options that might best meet your needs. However, we suggest you consult your lawyer, accountant, banker, or other financial advisor for guidance.
Donors don't give to institutions.
They invest in ideas and people in whom they believe.
You can make a difference...
Join us in our important mission. Call or visit:
Longmont United Hospital Foundation
1380 Tulip Street, Suite A
Longmont, CO 80501
Phone: 303.651.2273
Email: luh-foundation@luhcares.org
Bryan D. Bowles, Director
Donna Yates, Administrative Assistant