Making a Gift to Sauk Prairie Healthcare Foundation

We are fortunate to live in a generous community. At Sauk Prairie Healthcare Foundation, we are grateful for the continuous support we receive.  

Many donors are past patients, who had a good experience with us. Or they are a family member of one of our patients, and want to show their gratitude with a gift. Other donors are looking for a way to help our organization and reduce their taxes at the same time. 

Whatever your situation is, we’d love to talk to you about giving.  

We can discuss the various options and help you arrive at a decision that will be personally gratifying to you, knowing you will be providing for the health of our community.  

Let's talk!

As always, we’d encourage you to consult your financial advisor, tax professional or attorney before implementing a financial strategy to sure make sure it is suitable to your particular situation.

WAYS TO GIVE

Gifts of gratitude to thank caregivers

We often hear from patients that they would like to be able express their gratitude for the care they received. On the donation form you can call out specific employees or departments.

Would you like to share a story about the care you received? I’d love to hear it!

Gifts of cash, checks, bank withdrawals or ongoing giving

You can give a gift of cash by check, credit card, bank withdrawal or cryptocurrency!

Wills and bequests to leave a lasting legacy

Your will is the legal document that tells your executor how you want your estate to be divided upon your passing. An easy form of charitable estate planning is naming Sauk Prairie Healthcare in your will. This is referred to as a bequest.

You can specify an exact amount, a percentage of the estate or a variety of other designations. Your estate receives a charitable deduction for estate tax purposes as a result of a bequest.

If you’d like to make a bequest to Sauk Prairie Healthcare, here is some potential language that you can incorporate into your will:

To gift a percentage of your estate:
“I hereby give, devise and bequeath to Sauk Prairie Healthcare Foundation, a Wisconsin nonprofit corporation dedicated to providing and preserving quality healthcare to the Sauk Prairie area, _____ percent (%) of my estate at the time of my death to be directed to the Foundation’s Greatest Needs Fund.”

To gift a specific amount from your estate:
“I hereby give, devise and bequeath to Sauk Prairie Healthcare Foundation, a Wisconsin nonprofit corporation dedicated to providing and preserving quality healthcare to the Sauk Prairie area, the sum of $ _____ to be directed to the Foundation’s Greatest Needs Fund.”

To gift the residual of your estate:
“I hereby give, devise and bequeath to Sauk Prairie Healthcare Foundation, a Wisconsin nonprofit corporation dedicated to providing and preserving quality healthcare to the Sauk Prairie area, all of the residue of my estate, both real and personal, to be directed to the Foundation’s Greatest Needs Fund.”

Gift of life insurance by designating the Foundation as a beneficiary

You can designate that Sauk Prairie Healthcare Foundation as a full or partial beneficiary of your life insurance policy. You may use an existing policy or purchase a new policy to facilitate this gift.

When you give life insurance to Sauk Prairie Healthcare Foundation, your estate receives a charitable deduction for estate tax purposes.

Retirement benefits and IRAs: an increasingly popular way to give

You can make a gift of your retirement plan assets such as IRAs, 401(k) plans and other retirement. Your retirement assets generate income which means that the asset is subject to income tax and possibly estate tax by your beneficiary. By making a gift to Sauk Prairie Healthcare Foundation, the tax implications can be greatly reduced.

If you are 72 years of age or older, you can direct that up to $100,000 from an IRA be distributed directly to Sauk Prairie Healthcare without recognizing any income. This is commonly referred to as a charitable rollover.

Click here to print out a form for your IRA Custodian.

Stocks, bonds and mutual funds: a strategy to reduce taxes

You may give appreciated, securities such as stocks, bonds and mutual funds directly to Sauk Prairie Healthcare Foundation. Transfers of securities must be facilitated through a transfer agent or broker having custody of the stock.

When you make this type of donation, you receive an income tax charitable deduction for the fair market value of the securities as of the date the gift was made, and you avoid any capital gains tax that would have applied to the appreciated securities had they been sold during your lifetime.

Charitable Lead Trust and Charitable Remainder Trusts: ways to benefit your family and the Foundation

Charitable Lead Trust: Another way to make a gift is through a Charitable Lead Trust (CLT), where you transfer a property (typically cash or stock) to the trust. The trust provides an income stream to Sauk Prairie Healthcare Foundation for a set period of time, usually between 10 to 20 years.

After the term is complete, the assets remaining in the CLT are transferred to the beneficiaries that you name. The CLT is a favorable approach when you want to help Sauk Prairie Healthcare Foundation and eventually pass the assets to your beneficiaries at a reduced tax cost.

Charitable Remainder Trust: A Charitable Remainder Trust (CRT) provides income to you and/or other beneficiaries. At the end of the CRT's term (usually at the end of the beneficiaries' lifetimes), what remains in the trust is transferred to Sauk Prairie Healthcare Foundation. The CRT provides you or your beneficiaries with an income stream while also providing a future benefit to Sauk Prairie Healthcare Foundation.

You will receive a charitable income tax deduction upon the creation of the CRT. You may want to create a CRT for capital gains tax purposes. Rather than sell a highly appreciated asset, pay the capital gains tax, and invest the net amount for a retirement income, you can transfer the appreciated asset to a CRT which sells the asset, and the tax on the capital gains is paid over a period of time as payments are made back to you and/or other beneficiaries.

Your estate will not receive an estate tax charitable deduction upon your death, but your estate will benefit from the transfer of assets to the CRT, as the CRT assets (as well as appreciation on the CRT assets) will be removed from your estate for estate tax purposes.

How to Contact Us

Todd Wuerger,
Executive Director
Phone: 608-643-7226
foundation@saukprairiehealthcare.org
Hours: Monday through Friday, 8:30 am to 5:00 pm

Mailing Address
260 26th Street
Prairie du Sac, WI 53578

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