At St. Vincent Charity Medical Center, we are all caregivers.

Providing high-quality, compassionate care is the mission we all share.

A gift in honor of a caregiver is a wonderful way to say “thank you.” You can even include a note of gratitude, which will be passed on to the caregiver. 

Your gift will help to extend the high-quality, compassionate care you received to another patient. Or you will help to provide vital services that aren’t profitable, train the next generation of caregivers or equip our caregivers to pioneer innovative treatments.

Is there a caregiver you would like to honor?

You can click here to donate online now. Select the option to “remember or honor a caregiver or someone special” and provide the name of the caregiver(s) in the field that appears.

To give by phone, call (216) 694-4685.

To give by mail, click here to download a printable donation form. Fill it out and mail it with your check or money order to: St. Vincent Development Foundation, 2351 E 22nd Street, Cleveland, OH 44115

IRA Charitable Distribution

If you are 70½ or older and have an IRA, there is an annual required minimum distribution (RMD). That RMD is taxable income. So if you do not have a need for some or all of this income and want to reduce or eliminate the income tax you will owe on the RMD, you can direct your IRA administrator to transfer funds to us as a charitable gift to satisfy part or all of your RMD.

Charitable distributions are especially useful since standard deduction amounts increased significantly in 2018. If you no longer benefit from itemizing deductions, a charitable distribution can be an effective way to reduce the amount of your income subject to tax.

Gift of Appreciated Securities

A donation of stocks or bonds owned for more than one year is typically deductible for the fair market value of the securities on the day of transfer. By donating the securities instead of selling them, you avoid capital gains tax. As a tax-exempt organization, we can sell the securities without incurring any tax liability. 

For information about how to make a gift of securities, contact Mark Cotleur, senior vice president of fund development, at 216-696-8401 or foundation@stvincentcharity.com.

Charitable Gift Annuity

If you want to make a gift of significance now but still need the income generated by your assets, an annuity makes both possible. If you use appreciated securities to fund your annuity, you will also reduce your exposure to capital gains tax. 

Rates of return vary depending on factors such as your age and whether the annuity includes a spouse. Annuity income can be deferred or directed to a third party such as a child or grandchild. Annuity donors who itemize receive a partial charitable tax deduction for the gift. Also, payments are guaranteed for the life of the annuitant(s) and a portion of the annuity income is tax-free for several years. 

For information about a charitable gift annuity, contact Mark Cotleur, senior vice president of fund development, at 216-696-8401 or foundation@stvincentcharity.com.

Bequest by Will or Living Trust

You can give any portion of your estate in your will or living trust. If you already have a will, you can add a bequest by drafting a codicil. Bequests can be for a specified dollar amount or percentage of the estate. They may also be contingent to ensure that your assets are available to your spouse or dependents if they outlive you. 

If you are considering making a bequest to St. Vincent Charity, please contact Mark Cotleur, senior vice president of fund development, at 216-696-8401 or foundation@stvincentcharity.com. We would love to discuss your preferences for gift acknowledgment and designation.

Financial Account Beneficiary Designation

You can direct that holdings in retirement savings and bank accounts such as 401(k)s, IRAs and CDs be transferred or paid to us upon your death without going through probate. You do not need to change your will. Simply file an updated beneficiary designation form with your financial institution. Many financial institutions make beneficiary designation forms available on their website. 

If you make us the alternate (contingent) beneficiary designation, the assets would only transfer to us if the primary beneficiary is deceased or chooses to disclaim. 

If you have designated St. Vincent Charity as a financial account beneficiary, please contact Mark Cotleur, senior vice president of fund development, at 216-696-8401 or foundation@stvincentcharity.com. We would love to discuss your preferences for gift acknowledgment and designation.

Life Insurance

If your family no longer needs your life insurance policy, you can make us the owner and beneficiary. You may be able to deduct the cash value of the policy as well as the cost of the premiums in years to come.

Before you transfer ownership of a life insurance policy to St. Vincent Charity, please contact Mark Cotleur, senior vice president of fund development, at 216-696-8401 or foundation@stvincentcharity.com. We will work with you to write a contract that maximizes the value of the gift for you, your heirs and us.

Other Special Gifts

Depending on your situation, other deferred gift instruments such as Charitable Lead Trusts, Charitable Remainder Trusts or gifts of closely held stock, real estate, fine art or other items of value may be advantageous for you and us. To maximize the benefits to you and us, gift agreements can be structured as deferred, temporary or contingent.

If you are interested in making this kind of gift, please contact Mark Cotleur, senior vice president of fund development, at 216-696-8401 or foundation@stvincentcharity.com.