Ways to Give

There’s no doubt about it – Mercy Hospital Cadillac could not provide the high quality healthcare services that it does without the generous support of the greater Cadillac community.  In recent years, donors have helped Mercy to:

• Completely update and renovate its emergency and obstetrics department
• Expand, renovate, and equip its state-of-the-art radiology department, known as the Pell Imaging Center
• Expand and improve patient and visitor parking facilities
• Purchase a variety of medical equipment to enhance patient care

There are many ways to give to and support the Mercy Hospital Cadillac Foundation, which in turn, utilizes its proceeds for the sole benefit of Mercy Hospital Cadillac.  All donations are completely tax-deductible and will make a difference in the healthcare of our community.

Immediate Gifts:

1. CASH – Please make checks payable to:

Mercy Hospital Cadillac Foundation 
400 Hobart Street
Cadillac MI  49601

2. GIFTS-IN-KIND --  Many items or services can be donated to the foundation on behalf of the hospital. Please call first before donating large or valuable items.  Our number is (231) 876-7522.

3. PLEDGE – Is cash flow a concern?  You can make your gift over multiple installments – up to five years for major gifts.

4. MONTHLY GIVING – To give monthly via credit card (what a great way to also earn reward points!), please complete this pledge card.

5. STOCK TRANSFER – To complete a stock transfer, please complete this form and contact the foundation office at (231) 876-7522.  To maximize tax-deductibility regarding capital gains, it is important to transfer the stock directly to the foundation, verses cashing it in yourself and then donating the cash proceeds.  Please consult directly with your tax advisor before making a transfer.

Planned Giving and Charitable Gift Annuities:

1. GIVING THROUGH A WILL OR TRUST – Donors will often extend the legacy of their giving by directing a dollar amount or share of their estate be paid to Mercy Hospital Cadillac Foundation upon their death.  Such giving can produce sizable estate tax savings.  Donors can also direct how they would like the foundation to use their gift (i.e., for immediate hospital needs, to be endowed for future capital projects, etc.)  It is recommended donors consult with their attorneys to prepare the necessary legal documents to ensure their planned gift will be properly delivered and utilized according to their wishes.  We also request the attorney or donor notify us of their intentions to be sure their wishes can be met.

2. GIFT ANNUITIES – Gift annuities allow both donors and the foundation to realize financial benefits in a unique way.  A gift annuity can be created with cash, stocks, bonds, or other securities valued at $10,000 or more.  The annuity asset is owned by the foundation, which in turn makes fixed income payments to the donor for life. The rate of interest paid to the donor is based on his or her age – the older the donor, the higher the rate of interest paid.  Upon the donor’s death, the remainder of the annuity value is retained by the foundation. 

As with any annuity, the establishing donor receives the benefit of a guaranteed income stream for life.  Federal tax savings are usually realized as well.  Please contact the foundation office at (231) 876-7522 if you’d like to learn more about this giving option.

3. GIFTS OF REAL PROPERTY OR STOCKS/BONDS/CASH EQUIVALENTS – Charitable giving does not always need to be in the form of cash.  In fact, many donors wisely choose to give real property or stocks/bonds/cash equivalents to the foundation to maintain their liquidity and still honor their favorite charities.  Such gifts can also assist donors in relief from capital gains taxes.  Please consult with your attorney or tax advisor regarding how a gift of this kind will specifically impact your tax liability.

4. LIFE INSURANCE – Donors can assist Mercy Hospital Cadillac Foundation by naming it as a primary or secondary beneficiary of their life insurance policies, or by making an outright contribution of a policy to the foundation.  Please consult with your attorney or tax advisor regarding tax advantages and how to make this type of donation.

If you have any unresolved concerns about patient care and safety at Mercy Hospital Cadillac, please contact our Patient Relations Office at (231) 876-7473.

We welcome your comments and suggestions about this Web site.