There are three main ways to donate to the Adirondack Health Foundation:
You will receive an acknowledgement of your gift for tax purposes, and your gift will be recognized in our annual report. Please inform us of how you would like to be recognized in our publications, for example: "Mr. and Mrs. John Smith" or "Sue and Jim Smith" or "Sue Jones and Jim Smith. Some contributors wish to be anonymous. If you inform us of this desire, we will not print your name in our annual report or other publications.
The Adirondack Health Foundation welcomes a variety of different types of gifts:
Your gift to the Annual Fund provides funding for state-of-the-art equipment, renovations to departments and buildings, community health and wellness programs, patient care enhancement grants, scholarships for future healthcare providers and more.
Your contribution allows us to advance the mission of leading care for the Adirondack region.
Click here to view options for payment. Consider spreading your gift over 12 months by becoming a sustaining member. Please call the Foundation office to make arrangements for monthly gifts from your credit or debit card.
Among those who care for you or a loved one while a patient or resident of Adirondack Health, there may have been a particular person or specialty care team that really made a difference.
A gift to the Foundation will be directed to their program or unit and Foundation staff will inform the honoree of your gift, although we will not specify the amount. Your gift will be used to enhance patient care or provide continuing education for caregivers.
Memorial gifts are a meaningful way to remember a loved one or friend. A charitable contribution in the name of someone who has passed away can have special meaning to both the family and the donor. You may designate your gift to a department or in honor of a special caregiver. Your gift will make an important difference in the lifesaving work at Adirondack Health.
In acknowledgement of your gift, a note is sent to the family of the person you wish to memorialize - informing them of the gift and the identity of the donor. The amount of the gift will remain confidential.
Did one particular staff member, physician or department make your stay with us exceptional? If you would like to make a gift that will benefit a particular individual’s department or program, please let us know by making the request on the memo section of your check or noting your wish on the online form. Donor-restricted gifts are temporarily restricted until the department director uses them to enhance patient care or provide continuing education for caregivers. Foundation staff will inform the department director or physician of your gift. You will receive an acknowledgement of your gift for tax purposes, and your gift will be recognized in our annual report.
Permanently restricted, endowed funds may be named with a minimum contribution of $50,000. A gift to the endowment will be invested and the interest it earns will be used according the to the Foundation’s Investment Spending Policy. Gifts to the endowment are critical to provide a stable future for Adirondack Health and are most welcome. Click here to learn about payment options.
A bequest in your will or a planned gift from your estate provides an opportunity to leave a legacy of your commitment to the health of our region. Gifts made as part of your estate plan allow Adirondack Health to improve health and save lives far into the future.
Unless otherwise specified by the donor, a planned gift will be added to Foundation investments and the interest it earns will be directed to annual programmatic support. In this manner, planned gifts continue to grow and support healthcare in the Adirondacks year after year.
If you're interested in any of the following kinds of giving, please call the Foundation office at 518-897-2370 to discuss your options.
Bequest: A bequest in your will may be unrestricted (to be used where the need is greatest) or donor restricted (given to a particular program or department). Bequests may be funded through a gift of cash, real estate, securities, life insurance or other property.
If you intend to specify a purpose for your bequest, we ask that you contact the Foundation office and speak to the executive director to discuss your wishes.
Sample language for a bequest: "I hereby give the sum of $________ to the Adirondack Medical Center Foundation d.b.a. Adirondack Health Foundation, P.O. Box 120 Saranac Lake, NY 12983 EIN 16-1528554."
Gifts of stock: A gift of appreciated stock provides the donor an opportunity to support Adirondack Health while avoiding capital gains tax on the increased value of the stock. Stock gifts may be transacted by having your broker contact:
John E. Riggs, IV, Charitable Asset Management
State Street Financial Center
1 Lincoln St., 24th Floor
Boston, MA 02111-2900
DTC Participant #0987
Adirondack Medical Center Foundation Account #52-044345
Please ask your broker to contact the Foundation office to alert us of a pending transaction.
Life insurance: A gift of a life insurance policy can be made by naming the Adirondack Medical Center Foundation as the beneficiary of the policy. If you have ongoing premium payments, they will qualify for a charitable deduction.
Real estate: A gift of real estate may relieve your estate of capital gains taxes and the difficulties of selling a property. Proceeds from the sale of the property benefit the Adirondack Medical Center Foundation.
Trusts and annuities: There are a variety of options in the form of trusts or annuities that may provide significant tax advantages to donors as well as a potential income stream for life.
Redfield Legacy Society: We welcome the opportunity to thank you for your anticipated planned gift and invite you to become a member of the Redfield Legacy Society.
If you are considering a gift from your estate, please contact your legal or financial adviser as there are many planned giving options that may assist you in maximizing your philanthropic intentions while minimizing your estate taxes.
Gifts of appreciated stock will benefit the Foundation and provide the donor with an opportunity to avoid capital gains and maximize their charitable deduction. If you are considering a gift of stock, please contact the Foundation Office.
An electronic or wire transfer may be made by contacting your broker and asking them to transfer the stock to the Foundation account held by State Street Global Advisors (SSGA). Please note that, as a security measure, SSGA requires all first-time donors of stock to provide the donor's date of birth.
For electronic transfer, contact:
Timothy B. Gould, Charitable Asset Management
State Street Financial Center
1 Lincoln St., 31st Floor
Boston, MA 02111-2900
DTC Participant #0987
For credit to Adirondack Medical Center Foundation, Account #52-044345
Account name: Adirondack Medical Center Foundation
The Foundation Tax ID number is: 16-1528554
For wire transfer:
State Street Bank and Trust Company, Boston, MA / ABA Routing #: 011-000-028
To a/c #5673-032-8 (reconcilement clearance) for a/c #52-044345
Please ask your broker to contact the Foundation office to alert us of a pending transaction. Your gift is greatly appreciated.
An individual age 70.5 or older may give a direct charitable gift from an individual retirement account (IRA), including required minimum distributions, of up to $100,000 to a qualified nonprofit (other than donor advised funds and supporting organizations) and not have to report the IRA distribution as taxable income on his/her federal income tax return. There is no charitable deduction for the IRA distribution. However, the donor will not pay tax on otherwise taxable income which is the equivalent of a charitable deduction.
IMPORTANT: The Adirondack Health Foundation is a supporting organization, so a donor who wishes to contribute to the annual fund using a distribution from an IRA will be asked to make the gift directly to Adirondack Medical Center. Please have the distribution check made out to "Adirondack Medical Center."
If you are using the IRA distribution as a campaign pledge payment there are additional instructions, so please contact the Foundation office.