Consolidated Appropriations Act 2023 (CAA) and Your Support
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Planning to Make a Difference
Planned Giving is a way to support Good Samaritan Hospital Foundation in the future through arrangements you make today. Your gift ensures that we can continue to provide care to the communities we serve. Planning ahead allows you to support the things most important to you, continue to provide for your family and meet your current income needs, and take advantage of tax incentives.
Let us help you make the gift that's right for you. Below are several popular ways of supporting Good Samaritan Hospital Foundation. You will also find information to share with your financial advisor or estate planner. When you are ready, please contact us to discuss options, share your plans, or start a confidential, no obligation conversation.
Join us. We are families, individuals, grateful patients, clinicians, and community members making an impact with gifts in our wills for
Good Samaritan Hospital Foundation
. Your commitment today is important because it enables us to prepare for the care of our community in the future.
Is
Good Samaritan Hospital Foundation
already in your plans? Thank you and welcome to
Horizons
. Sharing your plans makes a statement about what matters most to you and your family, and inspires generosity from others who share your values. Naturally, the details of your gift are confidential, and we respect your decision should you want to remain anonymous.
If you've already included
Good Samaritan Hospital Foundation
in your plans, please let us know so we can properly thank you and make sure your gift will be used as you've intended.
Horizons
History
Horizons
Members
Frances and Shirley Achenbach*
David and Shirley Bender
John and Elisabeth Boyd*
Richard and Gladys Carroll*
Mary Ellen Dietrich
Dale Goodwin
Daniel Hawkins
David and Elizabeth Heiligman*
Elmer and Erlene Henise*
F. Lois Henry
Dr. Abram* and Patricia Hostetter
Shirley Karinch
Mike and Yvonne Kuhn
Willard Light*
Robert and Susan Longo
Bud* and Joyce Mitstifer
George* and Lorraine Patton
David and Marilynn* Pleet
Jason and Beth Trout
John and C. Jeanette Witmer*
*Remembered
How to Give
Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.
The Most Popular Planned Gifts
Gifts From Your Will
General Bequest
Through a provision in your written and executed will, you can make a gift in the form of cash, securities, real estate or personal property. There are many types of bequests. Choose the one that best fits your needs and intentions.
Naming
Good Samaritan Hospital Foundation
as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh, profit-sharing pension plan or other donor-advised funds, will accomplish a charitable goal while realizing significant tax savings.
You can turn underperforming assets (stock, cash in a savings account, CDs, savings bonds, etc.) into a gift to
Good Samaritan Hospital Foundation
that provides income to you. Your Charitable Gift Annuity will give you quarterly, fixed payments for life and tax benefits, too.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, you'll receive charitable deductions at full, fair market value while reducing capital gains impact.
Charitable IRA Rollover Make a Charitable IRA Rollover
If you're 70 ½ or older, you can make a gift directly from your IRA to
Good Samaritan Hospital Foundation
. While there is no charitable deduction for a rollover gift, you do avoid the income tax on the donated portion of your required minimum distribution.
Like stock, the fair market value of gifts of appreciated assets such as real estate, artwork, and other well curated collections, can be deducted from your income tax today and reduce your estate taxes in the future.
Donors just like you have made a real impact just by adding a few words to their will or using one of the many giving options available.
"I wish more people would contribute." –Dr. Joseph Bering
Dr. Joseph Bering appreciates having a quality hospital in his community.
And as a physician offering care at WellSpan Good Samaritan Hospital, Dr. Bering saw that appreciation returned from patients and community members.
"WellSpan Good Samaritan is a community hospital, and it should be supported by everyone in the community," he says. "I wish more people would contribute. Supporting the hospital means supporting our community."
Dr. Bering is following his own advice. Several years ago, he chose to include the hospital in his will, continuing the legacy of care he established as a practicing physician. He speaks humbly about his gift, but recognizes that every gift, no matter the size, has tremendous impact on WellSpan Good Samaritan Hospital.
When you include Good Samaritan Hospital Foundation in your will or other estate plan, you make a gift that costs you nothing today. Contact us to explore your options and choose the gift that shows what's important to you.
Jack and Marge Geraghty '60
Growing up in the Bronx, Jack Geraghty ’60 loved basketball and dreamed of going to
Good Samaritan Hospital Foundation
. “The other schools in the area were average,” he recalls. “I wanted the best. And I got it at
Good Samaritan Hospital Foundation
.”
And, what 14-year-old aspiring ballplayer wouldn’t get a kick out of competing for their school in a college gym. Sixty years later Jack still gets together with his Ram classmates and counts them among his closest friends.
Jack credits the academic rigor of his Jesuit education and the spiritual guidance he received at
Good Samaritan Hospital Foundation
for setting him on a course to a fulfilling and interesting life. After graduation, Jack attended the U.S. Naval Academy, served in Vietnam and went on to a successful career in finance.
“The values taught at
Good Samaritan Hospital Foundation
translate to all aspects of life,” says Jack. “We have done well. We want to give so others can do well also; give students that head start.”
Thankful for the foundational role
Good Samaritan Hospital Foundation
played in his life, Jack and his wife Marge, loyal supporters of The Annual Fund and Scholarships, are
also members of the
Horizons
. They have included
Good Samaritan Hospital Foundation
in their estate planning through a charitable IRA rollover and a will
bequest intention. “My wife and I both hold the same opinion — if
someone helped you get started, give back to support them,” he
says, “Think about who has helped you. Wouldn’t you like to give
someone a chance? We set up our gift so that Prep students will have
the same opportunities we did.”
Kevin & Connie Hackett '67
When Kevin ’67 and Connie Hackett sat down with their lawyer to discuss estate-planning matters with regards to their IRA account, their main goal was to figure out what would be the most tax-efficient way to benefit their heirs, while at the same time benefitting the charitable causes they support.
“My lawyer said I should consider naming a non-profit as one of mine and Connie’s IRA beneficiaries,” said Hackett. The answer surprised the Hacketts. “When I asked why, my lawyer told me that when you name a non-profit as an IRA beneficiary, the money comes right off the top, lowering the tax burden on our other beneficiaries. I was totally unaware this was possible, but the fact that Connie and I can support
Good Samaritan Hospital Foundation
and still benefit our family is a win-win scenario.”
Hackett, who was a long-time member of the
Good Samaritan Hospital Foundation
Board of Trustees and inducted into the
Good Samaritan Hospital Foundation
Hall of Honor, now wants his fellow Rams to take advantage of the tax break and support
Good Samaritan Hospital Foundation
. “The tax rate for IRA beneficiaries is fairly substantial and would place an unfair burden on them. Naming a non-profit as a beneficiary is not a difficult thing to do and my hope is that people realize that they can make a difference through a simple action,” says Hackett.
“Doing something like this has been on my mind for a while, as I recently realized I am not immortal. In my experience, the wise thing to do is to talk to your advisors or lawyer to figure out a way to provide for
Good Samaritan Hospital Foundation
.”
Ken Singleton '79
Men for Others:
A Continued Mission
Ken Singleton ’79 says he first fully came alive at Fordham Prep. “Everyone there wants you to succeed—then and now!” he says. “But at the same time, I learned to look outside of myself. Our real job—the real goal—is to be a man for others.”
After graduation, Ken attended College of the Holy Cross, received his law degree from Fordham University and had a successful career in commercial real estate. In retirement, Ken turned his attention as COO to putting Graymoor in Garrison, New York on a strong financial footing, and never lost sight of how important his early experiences at Fordham Prep were. Ken is carrying out the Prep’s mission, which has become his personal philosophy, by making a gift from his estate.
“It’s really all about values,” remarks Ken.
“Everyone at the Prep is supportive of each other—the students, the administration, the staff—and I want to support that. I want to be a part of continuing that mission.”
Ken urges others to join him in supporting Fordham’s ability to maintain this distinctive culture. “I encourage my fellow Fordham Prep brothers to join me in supporting the school that gave us so much. The Prep served us well, and now needs our support for the future. This is our opportunity to help provide the same experience for future students.”
Gifts of all types and sizes combine to maximize our ability to support our mission to educate young men for a life of service and success. You can designate Fordham Prep as the full or partial beneficiary of your will, retirement, brokerage, or bank account. Naming the Prep as the beneficiary, and using other assets not subject to income tax to make gifts to your heirs, is a savvy way to support the ones you love without affecting your current cash flow, lifestyle, or your family’s security.
Let's Talk
Thank you for your interest in supporting Good Samaritan Hospital Foundation. There are many different ways that you can support the important work of our hospital, and we are happy to help you find a gift that has the impact you envision.
For more information, please find our contact information below or submit this form.
Contact a Gift Officer
Brad Bame
Regional Executive Director - Philanthropy
If you are working with a professional advisor, or advising a donor, here's a practical guide for including
Good Samaritan Hospital Foundation in a charitable estate plan.
