How You Can Help
This information is intended for educational purposes only.
Each person should consult his or her own qualified professional advisor for specific recommendations.
 Why Caritable Support is Essential
Gifts to Share Medical Center Foundation
Gift Designations
Gift Types
Why Charitable Support Is Essential
Share Medical Center Foundation is recognized by the IRS as a 501(c)(3) non-profit organization. This designation allows for charitable revenue, necessary to sustain Share Medical Center's health care mission in the community. SMC provides many important services that are uncompensated, free education in the community, and charity care for those in need. And as reimbursement for health care services decreases, contributions to the Foundation are more important than ever. Gifts to Share Medical Center Foundation are deductible for tax purposes to the full extent allowed by the law.
Most donations to Share Medical Center Foundation are made by individuals. Many supporters are people who are grateful for the care they or their family members received as patients. Other gifts come from the medical center physicians, and employees. SMCF receives widespread support from members of the community, local businesses, and private foundations.
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Gifts to Share Medical Center Foundation
Gifts are used to advance the mission of SMC, to help purchase equipment, enhance facilities, expand services, fund staff education, and to reach out to meet the health care needs of our communities. An acknowledgement is prepared within 48 hours of gift receipt.
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Gift Designations
Unrestricted
These gifts allow you flexibility in allocating resources to the areas where medical center administration has determined the need is greatest. Such gifts are vitally important as they enable the hospital to direct funds to meet critical needs.
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Restricted
Donors may specify a particular purpose or area for their donations. Please call the Foundation Office to identify a viable area or purpose (580) 430-3371.
Permanent Endowment
SMC Foundation is building an endowment to ensure quality health care for future generations. Because the money is invested, not spent, a gift to the Endowment is a gift that keeps on giving.
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Gift Types
Cash Gifts
A cash gift is the simplest form of support and can be put to use immediately. Cash gifts are deductible up to 50 percent of your adjusted gross income for the tax year. Any excess is deductible over the next five years. Cash gifts consist of cash, checks, money orders, bank drafts, electronic fund transfers, and credit cards. To establish an electronic fund transfer or credit card gift, contact (580) 430-3371 for specific information.
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Tribute Gifts – Gifts That Care
To remember - Your gift in memory of a loved one is a lasting memorial. At a time of loss and sadness, it is a way for you to show love and respect, and to offer hope for the future. Your memorial gift to the Foundation is a meaningful remembrance. You can invite others to give by including these words in the obituary notice: “In lieu of flowers, contributions may be made to Share Medical Center Foundation, PO Box 727, Alva, Oklahoma, 73717.”
To honor – You can make a tribute gift to recognize a special occasion or accomplishment such as a birthday, marriage, graduation, or recovery from illness. You can express your thoughtfulness at holiday time, a wedding anniversary, or the birth of a child. These gifts may bestow an honor on a caring, compassionate physician or nurse, and employers could use them to recognize employees on special occasions.
Tribute Gift Acknowledgment
We will acknowledge each memorial or tribute gift with a card sent to the person, or to the family of the person, in whose name the gift was given. Gift amounts remain confidential. As the donor, you will receive a separate acknowledgment as all gifts to Share Medical Center Foundation are tax deductible to the extent permitted by law.
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Gifts of Personal Property
Share Medical Center Foundation can accept personal property (e.g., real estate, jewelry, equipment, art, etc.) if it benefits SMC and/or can be converted to cash. For more information, please contact Share Medical Center Foundation at (580) 430-3371.
Matching Gifts
Some corporations will match in full or partially any charitable gifts made by their employees. If you or your spouse qualifies, your gift may be matched by your employer thereby doubling its Share Medical Center Foundation. For more information, contact your Employee Relations/Human Resources Office about eligibility and how to request a matching gift.
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Planned Gifts / Estate Gifts
Donors often include SMC Foundation in their estate and financial plans. These provide for the mission of SMCF well into the future. Planned charitable gifts offer tax and income advantages to donors and directly benefits SMC. For example, gifts of long-term, appreciated property and retirement assets may allow donors to avoid paying capital gains and other income taxes while contributing the full value of their asset.
Stocks, Bonds, or Mutual Fund Shares
Gifts of appreciated securities may allow the donor to avoid capital gains tax.
Bequests
SMCF may be named as a beneficiary in your estate planning as a full or partial beneficiary. For many donors, gifts made through their wills are the best way to make substantial contributions to SMCF. With a bequest, you can make a substantial gift upon your death while retaining your assets during your life and may eliminate or reduce federal estate taxes. If you would like to notify Share Medical Center Foundation of your intentions and be recognized for your intended gift, please contact us at (580) 430-3371.
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Life Estate Gift
Deed your home to Share Medical Center Foundation while retaining residence in the home with survivor rights and receive a current charitable tax deduction.
Life Insurance
If you own a life insurance policy, you may be able to name Share Medical Center Foundation as owner of the life insurance policy or as beneficiary of a percent of a policy.
Beneficiary on Account
Name Share Medical Center Foundation as a TOD or POD beneficiary (Transfer on Death or Payable on Death) on bank or retirement accounts. |  |
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