In the 1970's, the Hospital formed the El Dorado Area Health Services Foundation, Inc. The sole purpose of the Foundation is to receive charitable gifts to be used for maintaining and improving the programs and services of Susan B. Allen Memorial Hospital. The Foundation is separate from the Hospital and operates under its own board of directors. It is dedicated to helping the Hospital fulfill its mission to the community. A foundation offers tax advantages to contributors and provides a more effective vehicle for the investment and management of various types of funds. A foundation also separates the fund-raising costs from the day-to-day expense of running a hospital.
Ways to Give and the Benefits
Gifts may be made during your life or through your will. They may be out-right or deferred gifts or a combination of both. You may designate any area of hospital care for your donation or allow the Foundation to select an area in the Hospital which has the greatest need. You may designate a gift in memory of someone, which is an excellent way to honor a special person.
In addition to making gifts of cash, stocks, bonds, real estate and life insurance may also be included. Gifts can also be made through a trust agreement. You can arrange your donation so that both you and the Hospital receive maximum benefit. You should contact your attorney, banker, accountant or insurance agent for advice regarding tax savings and compliance with tax laws prior to making large gifts. For additional information, contact the President of Susan B. Allen Memorial Hospital at (316) 321-3300.