As a not-for-profit organization, Baptist Health Lexington has made a commitment to our community to provide care and services that go far beyond what is expected of a hospital, including charity care, education, community involvement and partnerships.
Each year many volunteers devote hours of service to the hospital and many people give of their financial resources to Baptist Health Lexington. These gifts help Baptist Health Lexington fulfill its mission of being a healing force in our community, providing quality compassionate health services consistent with our Christian values.
Gifts to Baptist Health Lexington through the foundation assist us in developing new programs, providing needed services and continuing the essential research endeavors upon which we've embarked.
How you can help and make your memories last a lifetime.
The staff of Baptist Health Lexington is anxiously preparing for the dedication of our new Children's Park. This will be a place of serenity and reflection complete with benches, statues of children, a pond and a brick pathway called the "Walk of Life." It will stand as a symbol of life, birth and a mother's love for her children.
The "Walk of Life" is an exciting element that is a chance for you to pay tribute to your very special child. For a small donation to our Children's Park, you can purchase a commemorative brick with your child's name and birth date. It's a gift that will become a permanent part of the path and will remain as a symbol of your eternal love for your child.
Take The First Step. Call Baptist Health Lexington today about ordering your child's "Walk of Life" brick. (or this can be an electronic form submitted to an e-mail address)
Click here for information about other ways to give to Baptist Health Lexington.
Tree of Life
Baptist Health Lexington is pleased to acknowledge those contributors whose donations have furthered our mission of healing. It is in this spirit that we dedicated the Tree of Life, a display of recognition for those who offer financial gifts to Baptist Health Lexington.
The Tree of Life is viewed daily by hundreds of visitors entering the main lobby of the hospital. Prominently featured are the engraved names of individuals, families and business that have presented gifts.
Established more than a decade ago by the Baptist Health Lexington auxilians, the Tree of Life honors the many thoughtful and caring people who have so generously given of their resources to support the hospital in its healing mission. It stands as an enduring tribute to the power of individuals to affect change and accomplish good in their community.
All donations will be gratefully received and put to immediate use throughout the hospital. Due to the size limitations of the Tree of Life display, however, only gifts of $1,000 or more can be recognized. As a testament to your gift of $1,000, you will receive an honored position on the Tree. An individually inscribed panel at the base of the display will remember gifts of $10,000. A donation of $100,000 will be acknowledged by a larger plaque near the Tree.
Gifts of Cash and Pledges
Gifts may be made to Baptist Health Lexington in the form of cash. Cash gifts are deductible for federal income tax purposes up to a limit of 50 percent of your adjusted gross income if you itemize deductions. Where cash gifts exceed this limit, you may carry over the excess for up to five additional years.
Cash gifts may be pledged for payment over a period of years. To be officially recorded, pledges should be made in writing. Our staff will be happy to assist you with this.
Gifts of Stocks and Bonds
Gifts and pledges may be made in the form of appreciated securities rather than cash, in order to benefit from extra tax advantages.
If you itemize, you are entitled to a charitable income-tax deduction for the full value of your gift, provided you have owned the securities for more than 12 months.
You avoid paying a tax on capital gains that you would owe if you sold the securities. Gifts of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income.
Wills and Bequests
A bequest through your will ensures that the mission of Baptist Health Lexington will be supported in your name after your death.
A gift of this nature will assure that your estate is distributed according to your wishes. Without such arrangements, your property may be distributed according to the dictates of state law, without regard for your intentions or the special needs of your surviving loved ones.
You should feel free to consult with your own attorney and tax advisor to determine the tax consequences of a proposed gift.
Gifts of Securities
Gifts of securities are welcomed. Gifts of appreciated securities may result in capital gains tax savings, creating an income tax deduction and removing this asset from your estate for estate tax purposes. Gifts of appreciated securities have potential federal income tax deduction of up to 30% of the adjusted gross income of the donor with a 5-year carry forward of any excess.
For more information about the hospital, its mission or giving opportunities, please call us at 859-260-6446
Gifts of Life Insurance
Baptist Health Lexington accepts gifts of life insurance to assist us in fulfilling our mission. A small premium can provide thousands of dollars of benefit for the hospital's various community programs and research endeavors. This can be accomplished by the purchase of a new policy naming Baptist Health Lexington as both the irrevocable owner and beneficiary.
Premium payments made to the insurer would be tax deductible by the donor for federal income tax purposes if the Baptist Health Lexington is both the irrevocable owner and beneficiary of the policy. The premium payments also may have a potential federal income tax deduction of up to 50% of the adjusted gross income of the donor, with a 5-year carry forward of any excess. Such a gift may also result in favorable gift and estate tax consequences.
Baptist Health Lexington can also be named as the first, second, or contingent beneficiary of existing policies. This can be accomplished by simply using a change of beneficiary form that any policyholder can request from the life insurance carrier.
You should feel free to confer with your own attorney and tax advisor to determine the consequences of a proposed gift.
For more information about the hospital, its mission or giving opportunities, please call us at 859-260-6446.
Life Estate Agreements
A farm or personal residence may be designated as a charitable gift with the donor retaining the right to use the property for life. Life estate agreements may be retained by the donor for one or more lives, or for a term of years.
The property does not have to be a principal residence, which means the donor's vacation or other home may be used in making the gift. The IRS defines a farm as land used by the donor or his tenant for the production of agricultural products or the raising of livestock.
As a life estate donor, you would be eligible for a charitable income tax deduction based on the gift's remainder value. Computing the charitable deduction of a remainder interest involves the consideration of several different values that must be obtained from a qualified appraiser.
Gifts of Real Estate
All qualified real estate may be deeded outright to Baptist Health Lexington. If it is a residence or farm, it may be given with a retained life interest. The value of the outright gift of property or the remainder interest being contributed to Baptist Health Lexington may be deductible as a charitable contribution.
With an outright gift of certain types of real estate, you may realize three favorable tax outcomes:
- A charitable income tax deduction for the fair market value of the property (up to 30% of the donor's adjusted gross income, with a 5-year carry over of any excess.)
- Avoidance of capital gains taxes on the transfer.
- Removal of this asset from your estate for estate tax purposes.
By transferring appreciated property to a charitable remainder trust, gifts of real estate may also be made in ways that result in income to the donors. Feel free to consult your attorney or tax advisor regarding your individual situation. For additional information, you may contact a member of our staff at 859-260-6446.
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