How You Can Help


 

With your donation, you will be Extending Home to thousands of patients and families who need a safe and comfortable place to stay.

Ways to Give

      Financial Support

      House Needs

      Volunteers

Online Donation

Pledge Form

Naming Opportunities

Case Study

Download The Hospitality House Case Study
(PDF 2MB)

Photos

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Financial Support

Construction of the Hospitality House and ongoing operations are supported through Commonwealth Health Foundation, the philanthropic arm of Commonwealth Health Corporation. Gifts to the Hospitality House may be made in a variety of ways.  Gifts from the majority of our donors will be pledged and will be payable over a five-year pledge period.  Cash or liquid securities are the preferred form of giving; however, other forms of giving are acceptable and many offer donors an attractive alternative, enabling them to significantly increase the size of their gift. Each gift, regardless of size, is needed and deeply appreciated. 

Approved methods of giving and advantages to the donor include:

  • Gifts of Cash:  The simplest way to make a gift is to contribute cash.  Checks should be made payable to the Commonwealth Health Foundation, and noted “Hospitality House.”  Tax deduction is taken in the year the gift is made.  If amount of gift exceeds fifty percent of donor's adjusted gross income, the excess contribution may be carried over for up to five additional years until full value is deducted.

  • Corporate Matching Gifts:  Some corporations encourage employees and their spouses to make charitable contributions by matching their gifts dollar-for-dollar, and sometimes as much as two or three dollars for every dollar given by employees.  In all cases, corporate matching gifts will be encouraged and credited to the donor in the proportion designated by the matching gift arrangement.

  • Gifts of Appreciated Securities:  For outright gifts of appreciated long-term securities, deduction is equal to the fair market value of the securities on the date the donor relinquishes control of the assets to Commonwealth Health Foundation.  None of the appreciation has to be realized by the donor.

  • Gifts of Real Estate:  A gift can consist of almost any type of property:  personal or recreational residence, farm or ranch, commercial building, subdivision lots, underdeveloped property or a fractional interest in property.  Assets may be given outright, serve as the corpus of a trust arrangement or, in the case of a personal residence, be given with the right of lifetime tenancy by donor and/or spouse.  Immediate partial charitable deduction is available to the donor.

  • Gifts of Closely Held Stock:  Donor avoids capital gains on appreciation of the stock and receives an immediate tax deduction (limited to the 30%, five-year rule).  Often gifts such as this are followed by an offer from the corporation to redeem the stock with its retained earnings.

  • Gifts of Life Insurance:  Using life insurance to make a major gift is an option for donors who no longer need policies purchased some years ago.  Donors may choose to assign their policies irrevocably to Commonwealth Health Foundation.  In this case, they would realize an immediate tax deduction in the amount of the policy’s current value.  The proceeds would not be subject to estate taxes and the premiums would be deductible for income tax purposes in the years thereafter in which they are paid.  Gifts of life insurance are not recognized unless the donor is a minimum of sixty-five years of age.

  • Gifts by Will:  Bequests qualify for unlimited charitable deduction, which reduces one’s estate taxes and preserves more of the donor’s assets for family and other intended beneficiaries.  The following language is suggested for attorneys:

    Unrestricted Bequest

    "I, (name), give and bequeath to Commonwealth Health Foundation, 800 Park Street, Bowling Green, KY 42101 the sum of... dollars (or property described herein) to be used by Commonwealth Health Foundation, as it deems advisable, to benefit Commonwealth Health Corporation.”

    Restricted Bequest

    "I, (name), give and bequeath to Commonwealth Health Foundation, 800 Park Street, Bowling Green, KY 42101 the sum of... dollars (or property described herein) to be used by Commonwealth Health Foundation for the following purpose: ……….”

  • Charitable Remainder Unitrusts and Annuity Trusts:  Charitable trusts are particularly beneficial for those who hold highly appreciated, low-yield investments from which a higher return is desired.  A tax deduction is allowed at the time the charitable trust is created.  The size of the deduction depends on the donor's age, payment percentage, and other factors.


  • Charitable Lead Trusts:  Donors can make a gift of current income by putting property in a simple trust.  Donors specify the percentage of the total annual value that Commonwealth Health Foundation is to receive.  At the end of a designated period, the property is returned to the donor or to the non-charitable beneficiaries the donor has named.  Such trusts may allow immediate tax advantages or may reduce the gift tax when the assets are passed to children or grandchildren at the expiration of the trust.

In all cases, donors are advised to consult with their tax advisor

to determine specific tax savings and/or the planned giving opportunity
which best fits their particular need.

 

We provide caring, compassion and comfort 24 hours a day, 7 days a week.