75 North Country Road, Port Jefferson, NY 11777 • 631.473.1320

Life Insurance/Securities Donations

By planning your gift to the JTM Foundation, you can leave a legacy while supporting improvements to Mather Hospital and enjoying significant tax benefits.

When you make a contribution to the Foundation, you have a real impact on health care in our area. Your foresight will contribute to better patient care, modern facilities and equipment.

If you are considering a donation to the Foundation, we encourage you to consult your own financial and legal advisors. They will ensure your gift is tailored to your personal circumstances and that you maximize any tax advantages.

For more information, please contact Marlene Israel, Vice President, Public Affairs at 631-476-2723, or e-mail.

Life Insurance

The gift of life insurance is a convenient and affordable way to make a substantial future donation to the JTM Foundation.

Options include:

Transfer an Existing Policy to the JTM Foundation
You can name the Foundation as the owner and beneficiary of a policy you already own. You will be eligible for a donation receipt for the cash value of the policy and for any premiums you continue to pay.

Transfer a New Policy to the JTM Foundation
You can buy a new policy and name the Foundation the owner and beneficiary. You will receive a tax receipt for the premiums paid each year.

Name the JTM Foundation as a Direct Beneficiary
You may retain ownership of your policy and name the JTM Foundation as the direct beneficiary. Upon your death, your estate will be eligible for a donation receipt equal to the proceeds of the insurance. You do not receive a tax credit for current premium payments.

We strongly recommend you consult with your financial advisor if you are considering a donation of life insurance to the Foundation.

Donating Securities

Thank you for considering a donation of publicly traded securities to the JTM Foundation. The Foundation can accept different types of securities, including publicly listed shares, bonds or mutual fund units.

The Foundation strongly recommends that you consult with your own financial advisor(s) before initiating any type of donation. This will ensure that you receive professional advice that is tailored to your personal financial and tax situation.

Listed below is important information regarding your donation.

Fair Market Value
The fair market value of your securities is based on the closing market price on the day that they are received by the JTM Foundation. You will receive a tax receipt based on the fair market value of the securities.

No Capital Gain Tax on Donations of Appreciated Securities
How to Transfer the Securities
It is the JTM Foundation’s preference for you to make a donation of securities via electronic transfer. This offers more convenience for the donor and also provides a clean paper trail.

How to Proceed
Contact Marlene Israel, Vice President, Public Affairs and let her know of your intent to make such a donation. Ms. Israel can be reached at 631-476-2723, or e-mail her.

Please advise Ms. Israel of the following:

• The name, number and type (i.e. common or preferred) of securities you wish to donate
• The approximate value of the securities
• The date you wish to make your donation
• How you would like to designate your donation (i.e. specific department)
• The name and contact information of your financial advisor or broker
• Any other relevant information concerning your donation

Contact your financial advisor or broker. You will need to provide them with written authorization stating your intent to transfer securities from your account to the JTM Foundation.

One the transfer is complete. The JTM Foundation will deliver your official income tax receipt as well as our grateful thanks.

We strongly recommend you consult with your financial advisor if you are considering a donation of securities to the Foundation.

You can make an online donation or download our donation form and mail or fax it to us at:

Mather Hospital
JTM Foundation
75 North Country Road
Port Jefferson, NY 11777
Fax: (631) 476-2792
E-mail

Legal name and Charitable Registration Number
Legal Name: The JTM Foundation 501 (c) (3)
Tax Identification Number: 11-271-4670
John T. Mather Memorial Hospital Tax Identification Number: 11-163-9818

Other ways to donate...