The most important sources of support for the Foundation are unrestricted gifts made by individuals, businesses and charitable foundations. These annual gifts are applied to meet the most critical needs for new medical equipment and to underwrite other priority projects. The equipment and projects are selected on the basis of their importance to improving patient care and their contribution to the overall advancement of University Medical Center at Princeton.
Gifts of Stock
Using stock (the actual shares, not the proceeds of your sale of shares) can be the most tax-effective way of making a gift to the Foundation. In most cases, the capital gains tax can be avoided and you get a tax credit for the full current value of your contribution. Please consult with your accountant, financial planner, or tax advisor about how the tax law applies to your specific situation. Remember, the value of your stock gift is the mean value of the shares on the actual date of your gift. Gifts of stock can be made in two ways:
- Most donors transfer their gift shares to the Foundation electronically. A memo can be sent to your broker to initiate the gift. Please remind your broker to include your name with the transfer or to call or write to the Foundation notifying us of your gift intent.
- Deliver the share certificate to the Foundation and, separately, a signed stock power. Please call the Foundation if you would like to use this approach.
Corporate Matching Gifts
Making a corporate matching gift is as easy as 1-2-3!
- Check our corporate matching gift listing to see if your company matches gifts to healthcare organizations or ask about this at your company's human resources office.
- Obtain your company's matching gift application form from your company's human resources office.
- Complete the first part of the application form (donor and gift information) and send it to the Foundation with your gift. Please note: You can complete a matching gifts application form for gifts made by credit card or over the Internet, or for gifts you have made earlier in the year as well. The Foundation will complete the gift certification on your application and send it to your company to receive your matching gift.
A Gift in Your Will (A Bequest)
Charitable gifts made in a person's will are otherwise known as "Bequests" or are sometimes called "Estate Gifts." By any name, a bequest provides a gift for a charitable organization from your estate (the sum of your tangible possessions). This gift is usually made in the form of cash (after your executor converts tangible property through sale), although a bequest of tangible property, such as a house or marketable securities, can be made as well. The most direct approach is to name "Princeton HealthCare System Foundation, Inc." as a beneficiary in your will, and this is usually done by the surviving spouse (unless provisions are otherwise made). The language used can be very straightforward, listing the Foundation as a beneficiary. We suggest framing the provision generally to enable us to use the gift in the area of greatest need (e.g., "for general uses and purposes"). You can specify a set amount to be directed to the Foundation by the executor, or you can specify a set percentage of the residual estate (that which is left after expenses and other special gifts are met, usually divided among several beneficiaries). See the Sample Wording we provide. This guidance is basic in nature and is not meant as a substitute for planning with an estate lawyer or other financial advisors.
The Foundation also maintains individually named memorial, hospice and oncology care funds. Each gift is formally acknowledged to the donor and thoughtfully recognized in the donor's name to the next of kin or honoree. Funds can be built over time and can qualify for recognition on the University Medical Center at Princeton Memorial Display.
Note, friends and family members who have passed away may be honored by including their names on our Memorial Wall, which is prominently displayed in the lobby of the hospital. Memorial tribute gifts totaling $2,500 or more can create this heartfelt tribute with the inscription of your loved one's name on the Memorial Wall. To commemorate this poignant tribute, a ceremony is held each year at the hospital to which family members and friends of the memorial honoree are invited.
In addition to unrestricted annual gifts, the Foundation also raises funds to strengthen the endowment and to support capital projects at University Medical Center at Princeton. Working in concert with capital donors, the Foundation can name rooms and other space at the University Medical Center at Princeton in recognition of capital gifts.
Trusts and Other Planned Gifts: The 1919 Society
The Foundation encourages benefactors to integrate charitable giving with their financial and estate planning. Available planned gift opportunities include charitable bequest intent, charitable trusts, a pooled income fund and gifts of stock or other tangible property.
The Foundation has established the 1919 Society to recognize and honor benefactors who have included University Medical Center at Princeton in their charitable gift plans. Named in honor of the year in which Princeton Hospital was founded, the 1919 Society includes benefactors who have developed gift plans to benefit University Medical Center at Princeton. Current recognition is provided by the Foundation for deferred gifts, including named space for large planned gifts. More information about the 1919 Society can be found on the 1919 Society web page.