$10,000 Donation Made

$10,000 was recently donated to The Health and Wellness Foundation in support of Sparta Community Hospital through a bequest from the estate of a citizen of Sparta. Pictured are Health and Wellness Foundation President Alene Holloway presenting CEO Joann Emge with the contribution.

Charitable giving is an important tradition for many people. Making gifts for the benefit of others offers a wonderful way to affirm your values and priorities. Many discover that their long range estate and financial plans provide a thoughtful way to make memorial gifts in honor of others. Individuals may consider many different ways to leave a legacy in memory of a special friend or loved one. A gift included in your will or living trust can establish a lasting legacy or a gift of excess retirement funds, such as pension plans or Individual Retirement Accounts (IRAs), may allow you to give more while eliminating taxes that may otherwise largely deplete these assets. Gifts of life insurance, policies that you purchased to protect a loved one who no longer needs that protection can be an excellent way to make a gift in honor of that person.

Contributions of cash and by check are the most popular methods of giving. Such gifts can be tax deductible. Memorial gifts may also be funded with assets such as stocks, bonds and mutual funds that have increased in value. You not only receive regular tax savings, but you entirely avoid the capital gains tax on qualified assets given for charitable use. This extra tax benefit is one reason why a growing number of people choose to make memorial gifts using property rather than cash. For more information on how you can contribute to The Health and Wellness Foundation in support of Sparta Community Hospital please Call Carol Mulholland, Executive Director at 618-443-1465. Donations may be sent to The Health and Wellness Foundation, P.O. Box 297, Sparta, IL 62286.