Ways of Giving

As a not-for-profit health system, it is entirely because of donations from you and your friends and neighbors that Cottage Health System is able to remain in the forefront of medical excellence for everyone in the community.

Tax-deductible gifts to The Campaign for Cottage Health System can be:

• pledged and paid over a period of up to five years;
• structured as an outright gift of cash, securities, real property, business interests, or other assets, and can also be structured through a tax-exempt charitable trust, life-estate, charitable gift annuity, or other planned gift technique;
• recognized through naming opportunities.

Cash Gifts

As a not-for-profit health system, it is entirely because of donations from you and your friends and neighbors that Cottage Health System is able to remain in the forefront of medical excellence for everyone in the community. All gifts are tax-deductible. There are several ways to send your donation to Cottage:

Secure online donation form (for gifts of less than $1,000)

Mail-in donation form

By telephone (805-879-8980)

Securities

Gifts of appreciated securities, such as stocks and mutual funds may offer substantial tax advantages. These include forgiveness of the tax on capital gain and an income-tax charitable deduction for the fair market value of the securities. To learn more, call (805) 879-8980.

Real Estate

You may wish to make a current gift of all or a fractional interest in a personal residence, a vacation home, undeveloped land, or a commercial property.

Such gifts will entitle you to a federal income tax deduction equal to the fair market of the property on the date of your gift, provided you have owned the home for more than one year, and will permit you to avoid capital gains tax on the transfer. To learn more, call (805) 879-8980.

The Memoriam or In Honor Gift Program

Gifts to Cottage Health System provide a special opportunity to honor the memory of a family member or friend, or to recognize an individual or a life occasion. To learn more, call (805) 879-8980.

Bequests by Will

By remembering Cottage Health System with a bequest in your will, you can have a significant impact on the health care of future generations. Your bequest may have estate tax planning benefits as well. Normally, the value of the estate tax charitable deduction applicable to these types of provisions is the fair market value of the property at the date of death. To learn more, please contact Carla Long at (805) 879-8987or by e-mail at clong@cottagehealthsystem.org.

Making a Gift that Provides You Income

Through a life-income gift, you can make a gift to Cottage Health System and, in return, you (and/or another person) will receive annual payments of a fixed amount of money for the rest of your life. Some of the payments will be tax-free. You may realize additional tax savings when you contribute appreciated property or defer payments for more than one year.

Estate planning is a highly specialized area. Before implementing any estate planning strategy, you should consult your own personal financial and/or estate planning advisors. To learn more about making a life-income gift to Cottage, please contact Carla Long at (805) 879-8987or by e-mail at clong@cottagehealthsystem.org.