Ways to Give - Hartford, Connecticut CT

The simplest method of giving to Saint Francis Hospital and Medical Center is by donating online, click here to go to our online donation page.

Gifts to the hospital can be made to recognize or to remember a loved one, friend or colleague. These gifts are a lasting tribute to insure that the milestone, the achievement or the memory will carry on.

In addition, these donations will allow Saint Francis to continue its important mission of service to our community. If you wish to mark the birth of a baby, thank a medical professional or remember a loved one, please forward your donation and the following information to the Foundation office. You may use our printable gift form or click here to donate online.

Your gift is tax-deductible and the amount will remain confidential. However, we will acknowledge the tribute, if $25 or more, in one of our publications, unless you specify otherwise. If you have any questions regarding a tribute, please contact the Foundation office at 860-714-4900.

For Saint Francis/Mount Sinai Regional Cancer Center Tributes:
If a tribute gift(s) equals $1,000 or more, a plate with the honored individual's name will be placed on our Giving Tree, which is prominently displayed in the Cancer Center lobby. This special plaque was previously at Mount Sinai Hospital. After the merger of the two hospitals, it was restored and placed in the lobby of the Saint Francis/Mount Sinai Regional Cancer Center so additional names could be added for many years to come.

If a tribute gift(s) should equal or exceed $10,000, there are 49 works of art which can be dedicated and displayed in the original Cancer Center. In addition, we have 40 handsomely framed, original photographs which will be displayed in the new wing of the Cancer Center. These images have been given by noted photographer Al Goldbaum of New York City in appreciation for the care given to his wife. Donors will have their choice of art work and a brass recognition plate will be placed along side the piece selected.

A gift of appreciated securities, held for a minimum period of more than one year, may offer you significant tax benefits.

The amount of charitable contribution deduction a donor is allowed to use in any one tax year is limited by Internal Revenue Service rules. Gifts to the hospital of cash or life insurance may be deducted to an upper limit of 50 percent of your adjusted gross income in the year of the gift. If your contribution is funded with appreciated real property or securities that have grown in value, your deduction is limited to 30 percent of your adjusted gross income in the year of the gift.

In both instances, whether your contribution is in cash or appreciated property, any remaining balance of the deduction may be carried forward and deducted to those same upper limits in the succeeding five tax years. This limitation applies both to outright contributions and those made through charitable remainder trusts.

The staff of the Saint Francis Foundation are pleased to discuss with you, members of your family, and your financial and legal advisors the various options for giving, the possibility of combining different giving options to achieve your philanthropic goals, and opportunities for naming gifts. However, the Hospital does not provide legal or tax advice. We recommend that you consult your own advisors in order to determine the consequences of any proposed gift to the hospital.

Please feel free to call or write us at:
The Campaign for Saint Francis Care
The Saint Francis Foundation
95 Woodland Street
Hartford, Connecticut 06105
Telephone: 860-714-4900

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Appreciated Securities

A gift of appreciated securities, held for a minimum period of more than one year, may offer you significant tax benefits.

You will be entitled to claim a charitable contribution deduction for the full fair market value of the donated securities on the day they are delivered or transferred to the hospital. You will avoid all capital gains tax liability for the appreciation in value for securities transferred directly to the hospital.

Sample donation and tax savings:

Several years ago, Mr. and Mrs. Jones purchased one hundred shares of stock for $5,000; today those same shares have a market value of $25,000.

If the Joneses sold the stock (either to make their gift to the hospital or to reinvest) they would be required to pay a capital gains tax of $4,000 on the $20,000 of appreciation in value. By contributing those shares directly to the hospital, the Joneses are entitled to claim a charitable contribution deduction for the full $25,000 fair market value of the shares, and they pay no capital gains tax on the appreciation. Assuming they are in a 31 percent tax bracket, that deduction will generate a tax savings of $7,750, reducing the net cost of their gift.

Gifts of appreciated securities are deductible for tax purposes to an upper limit of 30 percent of your adjusted gross income in the year of your gift. Any balance of the deduction remaining may be carried forward and deducted to similar limits in the succeeding five tax years.