Forever Gifts
As the stewards of your generous contributions, it is essential that we fulfill our responsibility to help our supporters maximize the impact of their lifetime giving. We are committed to ensuring that every gift creates meaningful change today, as well as for generations to come.
For this reason, we encourage our supporters to consider establishing Forever Gifts with our foundation. This process is often much simpler than many assume, and it allows individuals to continue making a lasting difference in local healthcare, even after their lifetime.
How Can I Make a Forever Gift?
Supporters may designate the SMC Foundation as a partial beneficiary of a life insurance policy, retirement plan, or bank account. These beneficiary designations require no immediate financial commitment and may be changed at any time should personal circumstances or preferences evolve.
Supporters may also name the SMC Foundation as a benefactor in their will or other estate planning documents. Such designations typically require the assistance of an attorney or financial advisor to ensure accuracy and alignment with the supporter’s intentions.
How Much Should I Designate?
The amount designated is based on the annual impact you wish your contribution to provide. For example, a Forever Gift of $2,000 would generate an annual gift of approximately $100 in perpetuity. The table below illustrates several common giving levels.
How Does This Work?
When a supporter makes a Forever Gift, the contribution is placed into a dedicated fund in which the principal amount remains permanently intact. The original gift is never spent. Instead, each Forever Gift generates annual earnings at an approximate rate of 5%.
Our investment strategy for Forever Gifts is intentionally conservative and is designed to provide consistent, long-term support for Share Medical Center. This approach ensures that the impact of each Forever Gift will continue indefinitely- truly, forever.
Questions?
Email: cfo@smcok.com I Executive Director: Kim Baugh, CFO