You may donate to Phelps Hospital by mailing a check payable to “Phelps Hospital” to:

Phelps Hospital
One Phelps Lane
Suite 106
Sleepy Hollow, NY 10591

Give a gift online

If you have investments in stocks, bonds, mutual funds or other securities, you may make a transfer to Phelps Hospital. You may qualify for significant tax benefits by using this option. Please inquire with your investment advisor.

Firm:

M&T Financial Services
285 Delaware Avenue
Suite 2000
Buffalo, NY 14202

Contact:

Patty Wallaitis ­
Financial Consultant ­
(716) 651-4831 ­
p.wallaitis@mandtfinancialservices.com

DTC Delivery Instructions:

Account:
Phelps Memorial Hospital Center ­

Account # 4175-8693
LPL Financial

DTC Number: 0075

Please include the donor/client name as well as stock information. Phelps Hospital will issue a receipt for the average of the high and low price of the stock on the date that the gift is received.

If you own or have inherited residential, commercial or undeveloped real estate, you can save a significant amount on income or estate taxes by making a gift to Phelps Hospital. Real estate gifts can also provide a charitable income tax deduction, and there is no capital gains liability. Please consult with your professional advisors.

If you want to make a donation to Phelps while also ensuring that you receive regular income, a charitable gift annuity is a good option for you. In exchange for a gift from the annuitant, or donor, the qualified charity (Phelps) pays a fixed income stream in quarterly installments for life. Part of these payments is tax-free, and the charitable income tax deduction is typically 30%-50% of the gift amount, depending on the age of the donor.

The minimum gift for a charitable gift annuity is $10,000 in cash or appreciated stock.

For donors looking to make a gift to Phelps that will really last, you may want to think about a charitable remainder trust. This trust creates income (interest) based on the value of the donated property. With this type of gift, capital gains tax can often be avoided or postponed, and a portion of your gift will be eligible for an income tax deduction. Capital gains and dividend income may be taxed more favorably than other income.

Charitable remainder annuity: pays fixed income based on the value of assets at the time of the trust’s creation

Charitable remainder unitrust: pays fluctuating income based on the trust’s annual value

To learn about planned gifts and including Phelps in your estate plans, read about the Anson Phelps Society here.

You can include Phelps in your estate plans by including us as a beneficiary of your estate, otherwise known as a bequest. This can be added as a codicil to an existing will, or included when you decide to create one. There are several types of bequests:

Specific bequest: for designated dollar amount or other property (real estate, art, etc.)

Percentage bequest: for giving a set percentage of the estate (e.g., 5%). This ensures that the charity will benefit from growth in the estate during the donor’s life

Residual bequest: for assets that remain after all other bequests, death taxes and other expenses. This is also affected by any change in the estate’s value over time

Contingent bequest: for giving property only when the primary beneficiaries predecease the donor or refuse their bequest

To make a bequest to Phelps, please consult with your attorney to make sure that your wishes are reflected in your will. Here are some examples of the language for including Phelps in your estate plans. Please be sure to use the legal name of our organization as included in these samples.

General bequest:

I, [name] of [city, state] give, devise and bequeath to Phelps Hospital Association, located at 701 North Broadway in Sleepy Hollow, NY, $XXX,XXX [or % or description of asset] to be used to support its general purposes.

Bequest for specific purpose:

I, [name] of [city, state], give, devise and bequeath to Phelps Hospital Association, located at 701 North Broadway in Sleepy Hollow, NY, rest, residue, and remainder of my estate to be used the activities of the hospice program.

Please include Phelps’ Tax ID #13-1725076.

If you think that you may have funds from a retirement account that will not be used by you or a loved one, you can designate Phelps Hospital as the final beneficiary. Your plan administrator will give you the proper forms upon request, and you can allocate a specific amount or percentage if you wish.

You can choose this option whether you have an employer-sponsored plan, an IRA, or a combination thereof.

If you come to find that the proceeds from your life insurance coverage are no longer needed, you can name Phelps as a beneficiary of all or a portion of funds that will not be used for their original purpose.

If you do not yet have a life insurance policy, you can start one with Phelps included as a beneficiary and garner tax benefits right away. You may also transfer ownership of an existing policy, even if you are still paying premiums. In both cases, future premiums can be tax-deductible.