Ways of Giving

Gift Designations

Gifts to the Foundation are used to support a variety of health care programs and services. If you prefer, you may designate your gift for to support a specific area of interest. If no area is specified, your gift will be used to address the most urgent patient care needs.

Whether making your gift online or via mail or telephone, the following options are available to you:

  • Greatest Need
  • Cancer Care
  • Center for Breast Care
  • Oasis Fund for Cancer Patient Support
  • Heart Care
  • Diabetes Care
  • Danny Mitby Diabetes Fund (patient assistance)
  • Thunder Ride Fund (assists patients with Juvenile Diabetes)
  • Hospice Care
  • Medical Research (studies/trials at Mayo Clinic Health System in La Crosse)
  • Gerard Hall Residential Maternity Program
  • Safe Path Domestic Abuse Program
  • St. Clare Health Mission (Free Clinic)

Ways to Give
We welcome your partnership as we work to enhance health care in our community. Gifts to the Foundation may take many forms, as described below. While cash gifts are most common, other forms of giving may offer donors significant benefits based on their particular goals and circumstances. For additional information, please contact the Foundation or your financial advisor.

Ways to Give: Current Gifts -- Deferred Gifts -- Memorials and Honorariums -- Gift Recognition


Current Gifts

Cash Gifts
Generally accomplished via cash, check or credit card. Tax deductible for those who itemize deductions.

Pledges
Payable over time. Deductible in the year payment is made.

Matching Gifts
Takes advantage of programs offered by many employers, increasing the value of the original gift.

Appreciated Property
Gifts of stock, bonds, mutual funds or other appreciated property may provide favorable tax benefits. Those qualified as a long-term capital asset (one year and one day), should be given outright. Avoids payment of capital gains tax due if property were sold. Deduction given for full value of property, limited to 30% of adjusted gross income. Excess beyond 30% can be carried forward for five years.

Property that has Lost Value
Donor sells the property, takes a loss for tax purposes, then contributes the cash received from sale. Deductions given for both the loss and the charitable gift.

Real Estate
Possible for donor to make gift of residence, farm, or vacation home, reserving right of occupancy as long as donor and spouse live. Irrevocable gift qualifies for immediate tax deduction based on present value of remainder interest. Assign directly to the Foundation or, preferably, through a broker. Amount of contribution is fair market value on the date of transfer.

Closely Held Stock
Produces a current tax deduction equal to fair market value of the stock. Corporation may redeem shares of the stock from the Foundation. Could reduce liability for accumulated earnings tax.

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Deferred Gifts

Charitable Gift Annuity
Provides a fixed income for the lifetime(s) of one or two annuitants. Amount paid determined by rates adopted by American Council on Gift Annuities. Portion of gift and income tax are tax deductible.

Pooled Income Fund
Contributions pooled and managed by investment advisors. Income paid to one or two beneficiaries. Income fluctuates based on earnings of fund. Immediate tax deduction for portion of gift. Avoids capital gains tax if appreciated securities are given.

Life Income Trusts
Trust assets are funds or property contributed by donor (usually $100,000 or more). Flexibility in type of property that can be donated. Can provide fixed or variable levels of income.

Charitable Lead Trust
Donor provides assets for use for a limited period of time. Funds are invested to provide income to the Foundation. Asserts returned to donor or donor's estate at end of designated period. Can fulfill a pledge while reducing estate and gift taxes that might otherwise be due on assets given outright to heirs.

Wealth Replacement Trust
Protects inheritance interests of heirs. Using resulting tax savings of current or deferred charitable gifts, donor purchases a life insurance policy with heirs as beneficiaries.

Life Insurance
Make the Foundation sole owner and beneficiary of paid-up policy. Receive income tax deduction for the cash surrender value of the policy. If policy not fully paid, continue to pay premiums. Receive tax deduction for annual premium amounts.

Bequests
Outright bequests, as well as certain bequests in trust, are not subject to estate taxes. Actual cost is less than face value of gift because of tax benefits to estate. Bequest can take any of the following forms:

  • Bequest of a dollar amount of particular securities or other property.
  • Residual bequest of all or portion of estate after payment of specific amounts to other beneficiaries.
  • Contingent bequest to take effect if other beneficiaries die before donor.
  • Bequests can often be arranged simply with the addition of a codicil amending an existing will.

Please contact the Foundation Office or your investment advisor for more information.

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Memorials and Honorariums

Your gift, of any size, may be made in memory of an individual or in honor of a special occasion. Memorials and honorariums provide special recognition for the honoree(s), while enhancing health and healing in our region.

Upon receiving your gift, the Foundation will send news of your tribute (without mention of amount) to the honoree(s) or to the family of the deceased. You will also receive a letter of thanks and a charitable gift receipt for tax purposes.

The Foundation publishes a quarterly announcement in the La Crosse Tribune listing all individuals for whom memorial gifts were received during the previous three months. This list can also be viewed in the lobby of the St. Francis Building on Mayo Clinic Health System's La Crosse Campus.

Memorials and Honorariums may be directed by donors to support a specific area of health care such as cancer, diabetes, cardiology, elder services or hospice. If no area is specified, your gift will be used to address the most immediate health care needs.

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Gift Recognition

We are pleased to recognize our benefactors for their generous support of Mayo Clinic Health System – Franciscan Healthcare. The recognition wall near the lobby of our La Crosse hospital will be updated in 2013 to reflect the following cumulative giving levels.

Caring Partners:
$5,000 +    Silver Partners
$10,000 +  Gold Partners
$25,000 +  Platinum Partners
$50,000 +  Diamond Partners

Special Benefactors:
Cumulative giving at these levels qualify for additional recognition in the Hall of Benefactors at Mayo Clinic in Rochester.
$100,000 +    Major Benefactors
$500,000 +    Distinguished Benefactors
$1 Million +    Principal Benefactors
$5 Million +    Visionary Partners
$10 Million +  Philanthropic Partners

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