A Message on Giving

 

As former Chair of the Cottage Health System Board of Directors, I have seen firsthand the powerful effect of thoughtful and generous charitable gifting. It has been my privilege to practice law in Santa Barbara for the past 45 years.

 

The new Santa Barbara Cottage Hospital stands as a monument to this community’s generosity. The legacy and support of over 5,500 Central Coast residents has made it possible. As we look around, we see the power of philanthropy everywhere on the Central Coast – in our schools, parks, libraries, and through the good works and accomplishments of our local not-for-profits.

 

Although there are many worthy charities in our community, each of us knows that good health and quality health care are price- less. As you consider your personal philanthropy for 2013 and beyond, I want to encourage you to make a gift to ensure quality health care for generations to come, through your trust, will or estate plan.

 

You may designate any of the following as beneficiaries:

  • Santa Barbara Cottage Hospital
  • Cottage Children’s Hospital
  • Cottage Rehabilitation Hospital
  • Goleta Valley Cottage Hospital
    Santa Ynez Valley Cottage Hospital

Bob Andrews

 

You may make a gift of particular assets such as:

  • A specific dollar amount
  • A percentage of your estate
  • A part of your retirement account
  • A particular asset
  • The residue of your estate after everything else has been settled

Talk to your family and to your advisor. Remembering Cottage in your Trust, Will or estate plan can be relatively easy and cost-effective but the long-term impact can help others achieve optimal health care when they need it most.

 

Please let Carla Long, in Cottage’s Office of Planned Giving (805-879-8987), know about your plans. Each year we celebrate donors, like you, who have remembered Cottage through a deferred gift. The 10th anniversary celebration of the Cottage 1888 Society will be held November 6, 2013 at the Biltmore Hotel. We would love to include you among those we honor and celebrate your commitment to excellence in health care.

 


 

Charitable Gift Annuities

 

Fluctuations in retirement and other asset values have made it more difficult than ever to predict exact levels of retirement income. To help decrease the uncertainty, some of Cottage’s friends are combining charitable planning with retirement planning – a creative strategy that provides an opportunity to fulfill meaningful philanthropic goals while securing a reliable retirement income stream. This gift vehicle is called a charitable gift annuity.

 

How does it work? 

  • Transfer selected assets to the Santa Barbara Cottage Hospital Foundation, designated to the Cottage hospital of your choice.
  • Receive a tax deduction for a portion of the assets.
  • The Foundation will pay you a specific amount each year beginning at a time of your choosing.
  • Your future income is guaranteed regardless of what happens in the market.
  • In certain cases, a portion of your future income may be tax-free.
 

Charitable Gift Annuity Payment

$10,000 Gift for 1 life
Age Rate
60 4.4%
65 4.7%
70 5.1%
75 5.8%
80 6.8%
85 7.8%
 90 + 9.0%
 

 

Cottage’s charitable gift annuity rates can provide an attractive alternative to the low rates currently available on CDs and other traditional investments.

 

The chart above shows Cottage’s rates at various representative ages for an immediate annuity. Rates for a deferred annuity may be even higher. For a confidential, complimentary, no-obligation proposal, call Carla A. Long, Director of Planned Giving, at 805-879-8987.

 

Contact us if you have questions about our Foundations:

 Santa Barbara Cottage Hospital Foundation
      (Including Cottage Children's Hospital)
   (805) 879-8980
 Cottage Rehabilitation Hospital Foundation    (805) 569-8999, ext. 82143
 Goleta Valley Cottage Hospital Foundation    (805) 681-6468
 Santa Ynez Valley Cottage Hospital Foundation    (805) 686-3972

 

Learn more about ways to give, including bequests, here.

 

Read Cottage Health System's Donor Bill of Rights and E-Donor Bill of Rights.

 

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