How can contributions be made to the Foundation?
Any individual, company, corporation, club, foundation or other organization may make gifts payable to The Foundation of NewYork-Presbyterian/Hudson Valley Hospital. Contributions may take many forms. Gifts of stock, bonds, and real property, as well as annual giving donations, benefit both the Hospital and the giver since they are tax deductible. There are also forms of deferred gifts such as bequests, trusts and life insurance, which help assure the future of the Hospital.
Gifts of cash are the most common form of a charitable gift. If you itemize your tax return, all such gifts must be completed by December 31st, in order to receive the deduction in your taxes.
Gifts of stock can yield excellent tax benefits for the donor, if they have been held for more than 12 months. Not only are such gifts generally deductible from income tax at their full value, but they also avoid capital gains tax that would otherwise be due on a sale.
See our Legacy Giving section for free information on Estate and Planned Giving.
What is the Foundation of the hospital?
The Foundation of NewYork-Presbyterian/Hudson Valley Hospital, Inc. was formed by friends of the Hospital to raise, invest, and disburse funds for the benefit of NewYork-Presbyterian/Hudson Valley Hospital. Funds are derived from annual giving, memorials, capital fund campaigns, trust gifts, and bequests. The Foundation is recognized by the Internal Revenue Service as a 501(c)(3) tax exempt, non-profit publicly supported organization.
What is the purpose of the Foundation?
The purpose of the Foundation is to focus on all fund raising opportunities that will assist the Hospital in achieving its short and long-range needs. The Foundation’s directors will devote their attention to the capital and endowment needs of the Hospital.